VF Corporation (NYSE:VFC) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. lessened its holdings in shares of VF Corporation (NYSE:VFC) by 43.6% in the 3rd quarter, Holdings Channel reports. The fund owned 68,640 shares of the textile maker’s stock after selling 53,150 shares during the quarter. Bard Financial Services Inc.’s holdings in VF were worth $1,369,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. M&G Plc boosted its position in shares of VF by 10.0% during the 2nd quarter. M&G Plc now owns 14,729,396 shares of the textile maker’s stock worth $206,212,000 after purchasing an additional 1,344,849 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of VF by 28.0% in the second quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock valued at $159,609,000 after acquiring an additional 2,589,852 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of VF by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock valued at $55,694,000 after acquiring an additional 113,128 shares in the last quarter. Deprince Race & Zollo Inc. boosted its holdings in shares of VF by 28.3% in the second quarter. Deprince Race & Zollo Inc. now owns 3,057,884 shares of the textile maker’s stock valued at $41,281,000 after acquiring an additional 673,979 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in VF by 23.6% during the second quarter. Bank of New York Mellon Corp now owns 2,481,600 shares of the textile maker’s stock worth $33,502,000 after buying an additional 473,373 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Insider Activity at VF

In other news, Director Richard Carucci purchased 15,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

VF Price Performance

Shares of NYSE:VFC traded up $1.78 during trading hours on Friday, hitting $21.31. 9,646,982 shares of the company’s stock traded hands, compared to its average volume of 8,300,110. VF Corporation has a 52 week low of $11.00 and a 52 week high of $21.33. 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’s fifty day simple moving average is $17.90 and its two-hundred day simple moving average is $15.05. The company has a market cap of $8.29 billion, a price-to-earnings ratio of -8.53, a price-to-earnings-growth ratio of 2.23 and a beta of 1.53.

VF (NYSE:VFC) last announced 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. 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 period last year, the company posted ($0.15) earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. As a group, equities analysts anticipate that VF Corporation will post 0.72 EPS for the current fiscal year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Tuesday, September 10th. VF’s dividend payout ratio is currently -14.40%.

Wall Street Analyst Weigh In

VFC has been the topic of several recent research reports. Telsey Advisory Group upped their price target on shares of VF from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Jefferies Financial Group started coverage on shares of VF in a report on Friday, September 27th. They set a “hold” rating and a $20.00 target price on the stock. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Argus raised shares of VF to a “hold” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. dropped their target price 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. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.41.

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.