Asset Dedication LLC Has $101,000 Stock Position in V.F. Co. (NYSE:VFC)

Asset Dedication LLC lessened its position in shares of V.F. Co. (NYSE:VFC) by 78.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,451 shares of the textile maker’s stock after selling 27,879 shares during the quarter. Asset Dedication LLC’s holdings in V.F. were worth $101,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new position in V.F. during the fourth quarter worth $25,000. Mather Group LLC. acquired a new stake in shares of V.F. in the 1st quarter valued at about $27,000. Future Financial Wealth Managment LLC bought a new stake in V.F. in the 1st quarter valued at about $31,000. Northwest Investment Counselors LLC acquired a new position in V.F. during the 1st quarter worth approximately $39,000. Finally, Bank & Trust Co bought a new position in V.F. in the second quarter worth approximately $35,000. Institutional investors own 86.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on VFC shares. Barclays boosted their price objective on V.F. from $12.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Citigroup upgraded shares of V.F. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $20.00 in a report on Thursday, July 18th. Wells Fargo & Company lifted their price objective on shares of V.F. from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday. Stifel Nicolaus lowered their target price on shares of V.F. from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Finally, Evercore ISI lifted their price target on V.F. from $14.00 to $16.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, V.F. presently has an average rating of “Hold” and an average target price of $15.56.

V.F. Price Performance

Shares of NYSE:VFC opened at $17.58 on Tuesday. The company has a market capitalization of $6.84 billion, a P/E ratio of -7.03, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53. The company’s 50-day moving average is $16.23 and its 200 day moving average is $14.62. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. V.F. Co. has a fifty-two week low of $11.00 and a fifty-two week high of $20.69.

V.F. (NYSE:VFC) last released its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. V.F. had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the company earned ($0.15) earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, equities research analysts forecast that V.F. Co. will post 0.73 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.05%. The ex-dividend date is Tuesday, September 10th. V.F.’s dividend payout ratio (DPR) is -14.40%.

Insiders Place Their Bets

In other news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average price of $16.70 per share, with a total value of $250,500.00. Following the transaction, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

About V.F.

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.