SG Americas Securities LLC Sells 25,984 Shares of VF Corporation (NYSE:VFC)

SG Americas Securities LLC lessened its stake in VF Corporation (NYSE:VFC) by 67.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,356 shares of the textile maker’s stock after selling 25,984 shares during the quarter. SG Americas Securities LLC’s holdings in VF were worth $247,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of VF by 328.0% in the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after purchasing an additional 1,244,448 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of VF by 90.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after acquiring an additional 96,442 shares during the last quarter. Murphy Pohlad Asset Management LLC purchased a new stake in shares of VF during the second quarter valued at approximately $1,668,000. Fiduciary Alliance LLC purchased a new stake in shares of VF during the first quarter valued at approximately $2,002,000. Finally, Smith Thornton Advisors LLC purchased a new stake in shares of VF during the second quarter valued at approximately $436,000. Institutional investors own 86.84% of the company’s stock.

VF Price Performance

VF stock opened at $18.18 on Tuesday. VF Corporation has a one year low of $11.00 and a one year high of $21.40. The business has a fifty day moving average price of $18.54 and a 200-day moving average price of $15.46. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. The firm has a market capitalization of $7.07 billion, a P/E ratio of -6.02, a PEG ratio of 2.19 and a beta of 1.53.

VF (NYSE:VFC) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating 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 positive return on equity of 11.75% and a negative net margin of 11.39%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.15) earnings per share. As a group, equities research analysts forecast that VF Corporation will post 0.73 EPS for the current year.

VF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.98%. The ex-dividend date was Tuesday, September 10th. VF’s dividend payout ratio is -11.92%.

Insider Activity at VF

In other VF news, Director Richard Carucci acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the purchase, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen increased their price target on VF from $9.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group assumed coverage on VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 price target for the company. Barclays raised VF from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $22.00 in a research report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their price target on VF from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, Robert W. Baird increased their price target on VF from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.24.

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.