American Century Companies Inc. Has $1.19 Million Holdings in VF Corporation (NYSE:VFC)

American Century Companies Inc. increased its holdings in VF Corporation (NYSE:VFC) by 22.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,093 shares of the textile maker’s stock after purchasing an additional 16,041 shares during the period. American Century Companies Inc.’s holdings in VF were worth $1,189,000 at the end of the most recent reporting period.

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

VF Trading Up 2.0 %

VFC stock opened at $19.96 on Tuesday. 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 firm has a market cap of $7.77 billion, a P/E ratio of -7.98, a P/E/G ratio of 2.24 and a beta of 1.53. VF Corporation has a 1-year low of $11.00 and a 1-year high of $20.69. The business’s 50 day moving average is $17.59 and its 200-day moving average is $14.91.

VF (NYSE:VFC) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.04. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates 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 revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) earnings per share. Equities analysts anticipate that VF Corporation will post 0.72 earnings per share for the current fiscal 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 paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s dividend payout ratio is currently -14.40%.

Insider Transactions at VF

In related news, Director Richard Carucci purchased 15,000 shares of VF stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

VFC has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Barclays upgraded VF from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $22.00 in a research note on Wednesday, September 18th. Telsey Advisory Group lifted their price target on VF from $15.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Finally, TD Cowen increased their price objective on VF from $9.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, VF has an average rating of “Hold” and an average price target 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.