V.F. Co. (NYSE:VFC) Holdings Increased by Covestor Ltd

Covestor Ltd boosted its stake in shares of V.F. Co. (NYSE:VFCFree Report) by 335.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,384 shares of the textile maker’s stock after purchasing an additional 1,837 shares during the period. Covestor Ltd’s holdings in V.F. were worth $42,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in VFC. Asset Dedication LLC lifted its stake in shares of V.F. by 24.0% in the third quarter. Asset Dedication LLC now owns 31,837 shares of the textile maker’s stock worth $570,000 after buying an additional 6,169 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of V.F. by 395.1% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,070 shares of the textile maker’s stock worth $90,000 after buying an additional 4,046 shares during the last quarter. Northern Trust Corp lifted its stake in shares of V.F. by 1.1% in the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after buying an additional 257,992 shares during the last quarter. Stifel Financial Corp raised its stake in V.F. by 48.9% during the 3rd quarter. Stifel Financial Corp now owns 795,521 shares of the textile maker’s stock valued at $14,057,000 after purchasing an additional 261,092 shares during the last quarter. Finally, Mariner LLC raised its stake in V.F. by 32.0% during the 3rd quarter. Mariner LLC now owns 58,360 shares of the textile maker’s stock valued at $1,031,000 after purchasing an additional 14,136 shares during the last quarter. 80.81% of the stock is owned by institutional investors.

V.F. Trading Up 3.6 %

Shares of NYSE VFC opened at $16.06 on Wednesday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. V.F. Co. has a 52-week low of $12.85 and a 52-week high of $26.95. The firm has a 50 day moving average price of $16.94 and a two-hundred day moving average price of $17.40. The stock has a market cap of $6.24 billion, a P/E ratio of -8.15, a price-to-earnings-growth ratio of 2.12 and a beta of 1.50.

V.F. (NYSE:VFCGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the company earned $1.12 earnings per share. The company’s quarterly revenue was down 16.2% compared to the same quarter last year. As a group, equities analysts forecast that V.F. Co. will post 1.11 EPS for the current year.

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, March 8th. V.F.’s payout ratio is -18.27%.

Insiders Place Their Bets

In related news, Director Juliana L. Chugg purchased 11,301 shares of V.F. stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the acquisition, the director now owns 26,301 shares of the company’s stock, valued at approximately $461,582.55. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other V.F. news, insider Bracken Darrell acquired 65,360 shares of the company’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $15.38 per share, with a total value of $1,005,236.80. Following the completion of the purchase, the insider now owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Juliana L. Chugg acquired 11,301 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the purchase, the director now directly owns 26,301 shares of the company’s stock, valued at approximately $461,582.55. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VFC shares. BMO Capital Markets cut their target price on shares of V.F. from $22.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday, October 31st. Stifel Nicolaus cut their target price on shares of V.F. from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. The Goldman Sachs Group cut shares of V.F. from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $14.00 in a research note on Wednesday, February 7th. Evercore ISI began coverage on shares of V.F. in a research note on Tuesday, November 7th. They issued an “inline” rating and a $17.00 price objective for the company. Finally, Wedbush dropped their price objective on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.70.

Check Out Our Latest Report on V.F.

V.F. Profile

(Free Report)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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