V.F. Corporation $VFC Stock Position Raised by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC boosted its position in shares of V.F. Corporation (NYSE:VFC) by 9,099.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 119,783 shares of the textile maker’s stock after buying an additional 118,481 shares during the period. Strengthening Families & Communities LLC’s holdings in V.F. were worth $1,684,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in V.F. in the second quarter valued at about $42,038,000. Squarepoint Ops LLC increased its holdings in shares of V.F. by 298.1% during the second quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker’s stock worth $29,739,000 after buying an additional 1,335,057 shares in the last quarter. Varenne Capital Partners acquired a new stake in shares of V.F. during the second quarter worth approximately $13,671,000. Assenagon Asset Management S.A. raised its stake in shares of V.F. by 242.3% in the third quarter. Assenagon Asset Management S.A. now owns 765,146 shares of the textile maker’s stock valued at $10,758,000 after acquiring an additional 541,627 shares during the last quarter. Finally, Madison Asset Management LLC bought a new position in shares of V.F. in the second quarter valued at approximately $3,913,000. 86.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on VFC. Wells Fargo & Company reduced their target price on V.F. from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. raised V.F. from an “underweight” rating to a “neutral” rating and set a $18.00 price target for the company in a report on Friday, October 9th. Needham & Company LLC dropped their price target on V.F. from $25.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of V.F. in a research report on Tuesday, September 1st. Finally, The Goldman Sachs Group reduced their price objective on V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.14.

Insider Buying and Selling

In other news, Director Richard Carucci acquired 20,000 shares of V.F. stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $14.73 per share, with a total value of $294,600.00. Following the acquisition, the director owned 356,215 shares in the company, valued at $5,247,046.95. This represents a 5.95% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bracken Darrell acquired 32,894 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the completion of the transaction, the insider directly owned 1,402,109 shares in the company, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.54% of the company’s stock.

V.F. Price Performance

NYSE:VFC traded down $0.21 during mid-day trading on Wednesday, reaching $17.25. 2,243,824 shares of the company were exchanged, compared to its average volume of 7,538,455. V.F. Corporation has a 12 month low of $12.45 and a 12 month high of $22.27. The company has a fifty day moving average of $14.20 and a 200 day moving average of $16.20. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 1.70. The stock has a market cap of $6.78 billion, a PE ratio of 24.95, a PEG ratio of 0.89 and a beta of 1.56.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business posted ($0.24) EPS. The company’s revenue was down 5.2% compared to the same quarter last year. On average, research analysts anticipate that V.F. Corporation will post 1.10 EPS for the current fiscal year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 10th. V.F.’s dividend payout ratio is 52.17%.

V.F. Profile

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.

VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.