Handelsinvest Investeringsforvaltning Has $207,000 Stock Position in V.F. Co. (NYSE:VFC)

Handelsinvest Investeringsforvaltning decreased its holdings in shares of V.F. Co. (NYSE:VFC) by 34.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,480 shares of the textile maker’s stock after selling 6,998 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in V.F. were worth $207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC grew its stake in V.F. by 2,835.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after buying an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of V.F. during the 4th quarter worth about $25,000. Mather Group LLC. acquired a new stake in shares of V.F. during the 1st quarter worth about $27,000. Future Financial Wealth Managment LLC acquired a new stake in shares of V.F. during the 1st quarter worth about $31,000. Finally, Allworth Financial LP increased its position in shares of V.F. by 111.5% during the 4th 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. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Bracken Darrell acquired 75,200 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired 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 directly owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Richard Carucci bought 25,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of $13.78 per share, with a total value of $344,500.00. Following the completion of the acquisition, 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 SEC, which is available through this link. Also, insider Bracken Darrell acquired 75,200 shares of the stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost 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 $2,916,828.72. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by company insiders.

V.F. Stock Up 1.3 %

NYSE:VFC opened at $13.00 on Thursday. V.F. Co. has a one year low of $11.00 and a one year high of $21.17. The firm’s fifty day moving average price is $13.06 and its two-hundred day moving average price is $14.89. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 2.84.

V.F. (NYSE:VFC) last released its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.34). The company had revenue of $2.37 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, analysts anticipate that V.F. Co. will post 0.85 EPS for the current year.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.77%. V.F.’s payout ratio is presently -14.40%.

Analysts Set New Price Targets

VFC has been the subject of several research reports. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 price objective (down previously from $18.00) on shares of V.F. in a research report on Thursday, May 23rd. BNP Paribas reiterated a “neutral” rating and set a $14.00 price target (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. TD Cowen reduced their price objective on shares of V.F. from $14.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, May 23rd. BMO Capital Markets cut their price target on shares of V.F. from $18.00 to $13.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. Finally, UBS Group cut their price target on shares of V.F. from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.