VF Corporation (NYSE:VFC) Shares Sold by Partnership Wealth Management LLC

Partnership Wealth Management LLC lowered its stake in shares of VF Corporation (NYSE:VFC) by 96.7% in the third quarter, Holdings Channel reports. The institutional investor owned 4,224 shares of the textile maker’s stock after selling 123,133 shares during the quarter. Partnership Wealth Management LLC’s holdings in VF were worth $84,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VFC. V Square Quantitative Management LLC raised its position in VF by 8.9% in the second quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker’s stock worth $146,000 after acquiring an additional 879 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of VF by 50.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after purchasing an additional 895 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of VF by 0.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 106,281 shares of the textile maker’s stock worth $1,630,000 after purchasing an additional 959 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in VF by 0.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 137,480 shares of the textile maker’s stock valued at $2,585,000 after purchasing an additional 1,079 shares during the last quarter. Finally, First Hawaiian Bank boosted its holdings in VF by 4.1% during the first quarter. First Hawaiian Bank now owns 38,060 shares of the textile maker’s stock worth $584,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. UBS Group upped their price target on shares of VF from $12.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. BMO Capital Markets lifted their price target on VF from $13.00 to $14.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Citigroup raised VF from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $20.00 in a research note on Thursday, July 18th. Finally, Evercore ISI upped their target price on VF from $14.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Two research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.41.

VF Stock Performance

VFC stock opened at $19.89 on Wednesday. The firm has a 50 day moving average of $18.04 and a two-hundred day moving average of $15.14. VF Corporation has a 12 month low of $11.00 and a 12 month high of $21.40. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of -7.96, a P/E/G ratio of 2.44 and a beta of 1.53. 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 issued its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. VF’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.15) earnings per share. 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 disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders 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 dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s dividend payout ratio is -14.40%.

Insider Activity at VF

In related news, Director Richard Carucci purchased 15,000 shares of the stock in a transaction on 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 directly owns 230,178 shares in the company, valued at approximately $3,843,972.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

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.