Edgestream Partners L.P. Takes Position in VF Corporation (NYSE:VFC)

Edgestream Partners L.P. acquired a new position in VF Corporation (NYSE:VFC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 53,729 shares of the textile maker’s stock, valued at approximately $725,000.

A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of VF by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,241,702 shares of the textile maker’s stock valued at $60,951,000 after purchasing an additional 590,434 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of VF by 24.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,920 shares of the textile maker’s stock valued at $469,000 after buying an additional 4,865 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of VF by 11.6% in the 4th quarter. Panagora Asset Management Inc. now owns 30,134 shares of the textile maker’s stock worth $567,000 after buying an additional 3,140 shares during the last quarter. Norges Bank bought a new stake in shares of VF in the fourth quarter worth $76,059,000. Finally, Gladstone Institutional Advisory LLC purchased a new stake in VF during the fourth quarter valued at $241,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Price Performance

Shares of VFC opened at $18.65 on Friday. 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 company has a market capitalization of $7.26 billion, a PE ratio of -7.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53. The business’s 50 day moving average is $17.15 and its 200 day moving average is $14.77.

VF (NYSE:VFC) last released its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion for 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 company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. Research analysts expect that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders 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 dividend yield of 1.93%. VF’s payout ratio is -14.40%.

Analysts Set New Price Targets

VFC has been the subject of a number of recent research reports. Evercore ISI boosted their price target on VF from $14.00 to $16.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Robert W. Baird boosted their target price on shares of VF from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Wells Fargo & Company boosted their price objective on shares of VF from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets raised their target price on VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, VF currently has a consensus rating of “Hold” and an average target price of $16.19.

Insider Transactions at VF

In other news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the purchase, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

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.