Fiduciary Alliance LLC boosted its position in shares of VF Corporation (NYSE:VFC - Free Report) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 240,100 shares of the textile maker's stock after acquiring an additional 38,088 shares during the quarter. Fiduciary Alliance LLC owned 0.06% of VF worth $4,790,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its position in VF by 8.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker's stock worth $146,000 after purchasing an additional 879 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker's stock valued at $41,000 after purchasing an additional 895 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of VF by 0.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 106,281 shares of the textile maker's stock valued at $1,630,000 after purchasing an additional 959 shares in the last quarter. Royal London Asset Management Ltd. boosted its stake in shares of VF by 0.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 137,480 shares of the textile maker's stock valued at $2,585,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Partnership Wealth Management LLC boosted its stake in VF by 0.7% in the first quarter. Partnership Wealth Management LLC now owns 158,634 shares of the textile maker's stock valued at $2,433,000 after acquiring an additional 1,170 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.
NYSE VFC traded down $1.11 during trading on Monday, reaching $19.22. 2,913,473 shares of the stock traded hands, compared to its average volume of 8,193,646. VF Corporation has a fifty-two week low of $11.00 and a fifty-two week high of $21.40. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of -6.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.53. The stock's 50-day moving average price is $18.26 and its 200 day moving average price is $15.26.
VF (NYSE:VFC - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The business's revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) EPS. Analysts predict that VF Corporation will post 0.73 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.87%. VF's dividend payout ratio (DPR) is currently -11.92%.
Several equities research analysts have recently commented on VFC shares. The Goldman Sachs Group started coverage on shares of VF in a research note on Friday. They set a "neutral" rating and a $20.00 price objective for the company. Robert W. Baird boosted their target price on shares of VF from $13.00 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. cut their target price on shares of VF from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. Argus upgraded shares of VF to a "hold" rating in a research report on Wednesday, August 28th. Finally, TD Cowen boosted their target price on shares of VF from $9.00 to $16.00 and gave the company a "hold" rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, VF currently has a consensus rating of "Hold" and an average price target of $17.24.
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In other news, Director Richard Carucci purchased 15,000 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company's stock.
V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.
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