16,593 Shares in V.F. Co. (NYSE:VFC) Bought by &Partners

&Partners acquired a new position in shares of V.F. Co. (NYSE:VFC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,593 shares of the textile maker’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Deutsche Bank AG grew its stake in V.F. by 11.9% in the third quarter. Deutsche Bank AG now owns 1,581,532 shares of the textile maker’s stock valued at $27,946,000 after acquiring an additional 168,465 shares during the period. Vanguard Group Inc. grew its stake in V.F. by 1.2% in the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after acquiring an additional 475,239 shares during the period. Intech Investment Management LLC acquired a new position in V.F. in the fourth quarter valued at about $1,518,000. Nordea Investment Management AB grew its stake in V.F. by 3.0% in the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after acquiring an additional 812 shares during the period. Finally, Partnership Wealth Management LLC acquired a new position in V.F. in the fourth quarter valued at about $2,960,000. 86.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at V.F.

In other news, insider Bracken Darrell bought 75,200 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Richard Carucci bought 25,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were bought at an average price of $13.78 per share, with a total value of $344,500.00. Following the completion of the transaction, the director now owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bracken Darrell bought 75,200 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the transaction, the insider now directly owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

V.F. Stock Performance

NYSE:VFC opened at $14.31 on Monday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22. The stock’s 50 day moving average price is $12.90 and its two-hundred day moving average price is $15.14. V.F. Co. has a 12-month low of $11.00 and a 12-month high of $21.17.

V.F. (NYSE:VFC) last released its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.34). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. V.F.’s quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. On average, equities research analysts predict that V.F. Co. will post 0.85 EPS for the current year.

V.F. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, June 10th were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.36 annualized dividend and a yield of 2.52%. V.F.’s dividend payout ratio is -14.40%.

Analysts Set New Price Targets

VFC has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their target price on V.F. from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Bank of America reduced their price objective on V.F. from $13.00 to $11.00 and set an “underperform” rating for the company in a research report on Thursday, May 23rd. Wedbush reduced their price objective on V.F. from $15.50 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, May 21st. Barclays reduced their price objective on V.F. from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Finally, BMO Capital Markets reduced their price objective on V.F. from $18.00 to $13.00 and set a “market perform” rating for the company in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, V.F. presently has a consensus rating of “Hold” and an average price target of $13.06.

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.