VF Corporation (NYSE:VFC) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in VF Corporation (NYSE:VFC) by 25.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,472 shares of the textile maker’s stock after selling 52,199 shares during the period. State of New Jersey Common Pension Fund D’s holdings in VF were worth $2,085,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. M&G Plc acquired a new position in VF in the 1st quarter worth about $200,768,000. Norges Bank purchased a new stake in shares of VF in the fourth quarter valued at approximately $76,059,000. Capital World Investors acquired a new position in shares of VF during the 1st quarter worth approximately $30,527,000. Principal Financial Group Inc. lifted its position in shares of VF by 328.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock valued at $21,922,000 after buying an additional 1,244,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in VF by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,241,702 shares of the textile maker’s stock valued at $60,951,000 after acquiring an additional 590,434 shares during the period. 86.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other VF news, Director Richard Carucci bought 15,000 shares of VF 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 transaction, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VFC shares. Robert W. Baird increased their price objective on shares of VF from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Barclays upgraded shares of VF from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $22.00 in a research report on Wednesday. UBS Group lifted their price objective on VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Wedbush reissued a “neutral” rating and set a $13.00 target price on shares of VF in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their price target on VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, VF currently has an average rating of “Hold” and an average price target of $16.19.

VF Stock Up 0.1 %

Shares of VFC opened at $18.67 on Friday. The stock has a fifty day simple moving average of $17.15 and a two-hundred day simple moving average of $14.78. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $7.26 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53. VF Corporation has a 52-week low of $11.00 and a 52-week high of $20.69.

VF (NYSE:VFC) last released 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. 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 was down 8.9% compared to the same quarter last year. During the same period last year, the business earned ($0.15) earnings per share. As a group, equities 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 issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s dividend payout ratio is presently -14.40%.

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.