Vanguard Personalized Indexing Management LLC Boosts Stake in VF Corporation (NYSE:VFC)

Vanguard Personalized Indexing Management LLC increased its stake in shares of VF Corporation (NYSE:VFC) by 37.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,072 shares of the textile maker’s stock after purchasing an additional 7,380 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in VF were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VFC. TD Asset Management Inc boosted its position in VF by 4.9% in the 4th quarter. TD Asset Management Inc now owns 98,232 shares of the textile maker’s stock valued at $1,847,000 after buying an additional 4,611 shares during the period. Treasurer of the State of North Carolina boosted its position in VF by 1.0% in the 4th 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 buying an additional 1,510 shares during the period. Bank of Nova Scotia purchased a new position in VF in the 4th quarter valued at approximately $327,000. Campbell & CO Investment Adviser LLC purchased a new position in VF in the 4th quarter valued at approximately $529,000. Finally, KBC Group NV boosted its position in VF by 3.2% in 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 period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Argus upgraded shares of VF to a “hold” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. reduced their price objective on shares of VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. TD Cowen raised their price objective on shares of VF from $9.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, Citigroup upgraded shares of VF from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.00 to $20.00 in a report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, VF has a consensus rating of “Hold” and an average target price of $16.41.

VF Trading Up 1.7 %

Shares of VF stock opened at $19.57 on Friday. VF Corporation has a 1 year low of $11.00 and a 1 year high of $20.69. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The company has a market capitalization of $7.62 billion, a P/E ratio of -7.83, a PEG ratio of 2.15 and a beta of 1.53. The company’s fifty day moving average is $17.51 and its two-hundred day moving average is $14.88.

VF (NYSE:VFC) last issued its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the firm posted ($0.15) EPS. VF’s revenue for the quarter was down 8.9% on a year-over-year basis. Analysts forecast that VF Corporation will post 0.72 earnings per share for the current year.

VF Announces Dividend

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

Insiders Place Their Bets

In other news, Director Richard Carucci bought 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the acquisition, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

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.