Susquehanna Fundamental Investments LLC Buys 161,502 Shares of VF Corporation (NYSE:VFC)

Susquehanna Fundamental Investments LLC increased its stake in shares of VF Corporation (NYSE:VFC) by 39.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 572,762 shares of the textile maker’s stock after buying an additional 161,502 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in VF were worth $7,732,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. acquired a new stake in VF during the first quarter worth approximately $27,000. Future Financial Wealth Managment LLC bought a new position in shares of VF during the first quarter worth approximately $31,000. Northwest Investment Counselors LLC acquired a new stake in VF during the 1st quarter worth approximately $39,000. Bank & Trust Co bought a new stake in VF in the 2nd quarter valued at $35,000. Finally, Versant Capital Management Inc grew its holdings in VF by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after buying an additional 2,583 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insider Buying and Selling at VF

In other VF news, Director Richard Carucci purchased 15,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the acquisition, 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 can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

VF Stock Up 1.7 %

Shares of NYSE:VFC opened at $19.57 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. VF Corporation has a 52-week low of $11.00 and a 52-week high of $20.69. The company has a market capitalization of $7.62 billion, a PE ratio of -7.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.53. The company has a fifty day moving average of $17.51 and a 200-day moving average of $14.87.

VF (NYSE:VFC) last posted its earnings results 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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the company earned ($0.15) earnings per share. On average, equities analysts predict that VF Corporation will post 0.72 EPS for the current fiscal year.

VF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Tuesday, September 10th. VF’s payout ratio is -14.40%.

Analyst Upgrades and Downgrades

VFC has been the subject of a number of research reports. StockNews.com raised VF from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. BMO Capital Markets lifted their price objective on shares of VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. UBS Group increased their target price on shares of VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Evercore ISI lifted their price target on shares of VF from $14.00 to $16.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. Finally, Argus upgraded VF to a “hold” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.41.

About VF

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.