VF Corporation (NYSE:VFC) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its position in shares of VF Corporation (NYSE:VFC) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,376 shares of the textile maker’s stock after selling 2,803 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in VF were worth $478,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. TD Asset Management Inc raised its position in VF by 4.9% during the 4th quarter. TD Asset Management Inc now owns 98,232 shares of the textile maker’s stock worth $1,847,000 after buying an additional 4,611 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in VF by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 155,047 shares of the textile maker’s stock valued at $2,915,000 after purchasing an additional 1,510 shares during the period. Bank of Nova Scotia purchased a new stake in VF in the fourth quarter valued at $327,000. Campbell & CO Investment Adviser LLC acquired a new stake in VF during the 4th quarter worth about $529,000. Finally, KBC Group NV raised its stake in shares of VF by 3.2% during the 4th quarter. KBC Group NV now owns 195,273 shares of the textile maker’s stock valued at $3,671,000 after buying an additional 6,015 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. 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. Wedbush reaffirmed a “neutral” rating and set a $13.00 price objective on shares of VF in a research note on Monday, August 5th. Wells Fargo & Company boosted their target price on shares of VF from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Robert W. Baird raised their price target 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. Finally, Argus raised shares of VF to a “hold” rating in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.19.

Insider Buying and Selling at VF

In other news, Director Richard Carucci purchased 15,000 shares of the 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 owns 230,178 shares in the company, valued at approximately $3,843,972.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

VF Stock Performance

Shares of VFC opened at $19.26 on Friday. VF Corporation has a 52-week low of $11.00 and a 52-week high of $20.69. The firm’s fifty day moving average is $17.39 and its two-hundred day moving average is $14.82. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84.

VF (NYSE:VFC) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the company earned ($0.15) EPS. VF’s revenue was down 8.9% compared to the same quarter last year. Equities analysts predict that VF Corporation will post 0.72 earnings per share for the current fiscal year.

VF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, September 10th. VF’s dividend payout ratio (DPR) is currently -14.40%.

VF 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.