Scientech Research LLC Increases Holdings in VF Corporation (NYSE:VFC)

Scientech Research LLC increased its position in VF Corporation (NYSE:VFC) by 220.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,861 shares of the textile maker’s stock after buying an additional 64,541 shares during the quarter. Scientech Research LLC’s holdings in VF were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sender Co & Partners Inc. purchased a new stake in shares of VF in the 2nd quarter valued at $779,000. Deprince Race & Zollo Inc. boosted its position in VF by 28.3% during 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 buying an additional 673,979 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in VF during the second quarter valued at about $60,000. K2 Principal Fund L.P. increased its holdings in shares of VF by 853.1% in the second quarter. K2 Principal Fund L.P. now owns 190,620 shares of the textile maker’s stock worth $2,573,000 after buying an additional 170,620 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of VF by 127.6% in the 2nd quarter. Bank of Montreal Can now owns 62,046 shares of the textile maker’s stock valued at $878,000 after acquiring an additional 286,878 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Insider Activity

In related news, Director Richard Carucci acquired 15,000 shares of VF 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 transaction, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

VF Trading Up 1.8 %

NYSE VFC opened at $19.59 on Friday. The firm has a market capitalization of $7.62 billion, a PE ratio of -7.70, a P/E/G ratio of 2.15 and a beta of 1.53. The stock’s 50 day moving average is $17.45 and its 200 day moving average is $14.85. VF Corporation has a twelve month low of $11.00 and a twelve month high of $20.69. 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 announced its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business posted ($0.15) EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis. Research analysts forecast that VF Corporation will post 0.72 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.84%. VF’s payout ratio is -14.40%.

Analysts Set New Price Targets

Several research firms recently issued reports on VFC. TD Cowen raised their price target on VF from $9.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. UBS Group raised their target price on shares of VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Barclays upgraded shares of VF from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $22.00 in a report on Wednesday, September 18th. Telsey Advisory Group raised their price target on shares of VF from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company boosted their price objective on shares of VF from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.