V.F. (NYSE:VFC) Shares Gap Up Following Insider Buying Activity

Shares of V.F. Co. (NYSE:VFC) gapped up before the market opened on Tuesday following insider buying activity. The stock had previously closed at $13.16, but opened at $13.62. V.F. shares last traded at $13.63, with a volume of 674,734 shares traded.

Specifically, insider Bracken Darrell purchased 75,200 shares of V.F. stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average price of $13.26 per share, with a total value of $997,152.00. Following the purchase, the insider now directly owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VFC. The Goldman Sachs Group lowered their target price on V.F. from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. Bank of America lowered their target price on V.F. from $13.00 to $11.00 and set an “underperform” rating for the company in a report on Thursday, May 23rd. Wedbush dropped their price objective on V.F. from $15.50 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 21st. Stifel Nicolaus reduced their target price on shares of V.F. from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Wells Fargo & Company lowered their target price on shares of V.F. from $14.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.06.

V.F. Stock Performance

The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of -5.52, a price-to-earnings-growth ratio of 1.02 and a beta of 1.53. The firm has a fifty day moving average of $12.85 and a 200 day moving average of $15.34. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71.

V.F. (NYSE:VFC) last posted its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.34). V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the firm earned $0.17 earnings per share. V.F.’s revenue for the quarter was down 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that V.F. Co. will post 0.85 earnings per share for the current fiscal year.

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Monday, June 10th. V.F.’s payout ratio is currently -14.40%.

Hedge Funds Weigh In On V.F.

Several institutional investors and hedge funds have recently modified their holdings of the business. Wolff Wiese Magana LLC raised its stake in shares of V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after buying an additional 1,276 shares during the period. Eagle Bay Advisors LLC purchased a new position in V.F. during the fourth quarter valued at $25,000. Mather Group LLC. acquired a new stake in shares of V.F. in the first quarter valued at about $27,000. Allworth Financial LP increased its stake in shares of V.F. by 111.5% during the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of V.F. during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Company Profile

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.