Sompo Asset Management Co. Ltd. Has $4.98 Million Stock Position in VF Corporation (NYSE:VFC)

Sompo Asset Management Co. Ltd. lessened its stake in VF Corporation (NYSE:VFC) by 5.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 369,200 shares of the textile maker’s stock after selling 22,180 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in VF were worth $4,984,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VFC. V Square Quantitative Management LLC grew its stake in shares of VF by 8.9% in the second quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker’s stock valued at $146,000 after buying an additional 879 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of VF by 50.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after acquiring an additional 895 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of VF by 0.9% in the 1st 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 during the period. Royal London Asset Management Ltd. lifted its stake in VF by 0.8% in the 4th 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 during the last quarter. Finally, Partnership Wealth Management LLC increased its position in VF by 0.7% during the first quarter. Partnership Wealth Management LLC now owns 158,634 shares of the textile maker’s stock worth $2,433,000 after buying an additional 1,170 shares during the last quarter. 86.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VFC has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of VF from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. Robert W. Baird lifted their price target on VF from $13.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Barclays raised VF from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $22.00 in a report on Wednesday. Citigroup raised VF from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $20.00 in a report on Thursday, July 18th. Finally, StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, VF currently has a consensus rating of “Hold” and a consensus price target of $16.19.

Insiders Place Their Bets

In other news, Director Richard Carucci acquired 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the purchase, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

VF Stock Up 0.1 %

VFC stock opened at $18.67 on Friday. The firm has a 50-day moving average price of $17.15 and a 200-day moving average price of $14.78. VF Corporation has a 12 month low of $11.00 and a 12 month high of $20.69. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $7.26 billion, a P/E ratio of -7.47, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53.

VF (NYSE:VFC) last issued its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.04. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.15) EPS. As a group, equities research analysts anticipate that VF Corporation will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.93%. VF’s dividend payout ratio is currently -14.40%.

VF 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.