VF Corporation (NYSE:VFC) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its holdings in VF Corporation (NYSE:VFC) by 3,350.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 486,082 shares of the textile maker’s stock after purchasing an additional 471,993 shares during the period. Thrivent Financial for Lutherans’ holdings in VF were worth $6,562,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sei Investments Co. lifted its holdings in VF by 26.7% in the second quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock worth $2,796,000 after acquiring an additional 43,697 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of VF by 28.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after purchasing an additional 2,589,852 shares during the last quarter. Hsbc Holdings PLC boosted its position in VF by 14.7% during the 2nd quarter. Hsbc Holdings PLC now owns 415,433 shares of the textile maker’s stock valued at $5,579,000 after purchasing an additional 53,133 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in VF by 37.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,072 shares of the textile maker’s stock worth $365,000 after buying an additional 7,380 shares during the last quarter. Finally, Amalgamated Bank increased its position in VF by 114.9% in the second quarter. Amalgamated Bank now owns 151,153 shares of the textile maker’s stock worth $2,041,000 after buying an additional 80,806 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

VF Stock Up 4.7 %

VFC stock opened at $19.26 on Friday. 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 cap of $7.50 billion, a PE ratio of -7.70, a P/E/G ratio of 2.15 and a beta of 1.53. VF Corporation has a 12 month low of $11.00 and a 12 month high of $20.69. The firm has a 50 day simple moving average of $17.39 and a 200 day simple moving average of $14.82.

VF (NYSE:VFC) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.15) EPS. Equities research analysts forecast that VF Corporation will post 0.72 earnings per share for the current fiscal year.

VF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 1.87%. VF’s payout ratio is presently -14.40%.

Insider Buying and Selling at VF

In other news, Director Richard Carucci bought 15,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average cost 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 approximately $3,843,972.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VFC. Robert W. Baird boosted their price target on shares of VF from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company upped their target price on shares of VF from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. cut their price target on VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Telsey Advisory Group increased their price objective on VF from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Finally, StockNews.com raised VF from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, VF currently has a consensus rating of “Hold” and a consensus price target of $16.19.

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.