Fiduciary Alliance LLC Invests $2 Million in V.F. Co. (NYSE:VFC)

Fiduciary Alliance LLC bought a new position in shares of V.F. Co. (NYSE:VFC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 130,854 shares of the textile maker’s stock, valued at approximately $2,002,000.

A number of other institutional investors also recently added to or reduced their stakes in VFC. Vanguard Group Inc. grew its stake in shares of V.F. by 1.2% during the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after acquiring an additional 475,239 shares during the last quarter. M&G Investment Management Ltd. boosted its holdings in V.F. by 19.4% in the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after purchasing an additional 2,016,470 shares during the last quarter. Wells Fargo & Company MN boosted its position in V.F. by 12.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,281,957 shares of the textile maker’s stock worth $80,501,000 after purchasing an additional 473,952 shares in the last quarter. Norges Bank acquired a new stake in V.F. during the fourth quarter valued at $76,059,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of V.F. by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,265,581 shares of the textile maker’s stock worth $61,393,000 after buying an additional 166,769 shares during the period. Institutional investors own 86.84% of the company’s stock.

Insider Buying and Selling at V.F.

In other V.F. news, insider Bracken Darrell bought 75,200 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $13.26 per share, for a total transaction of $997,152.00. Following the transaction, the insider now directly owns 219,972 shares in the company, valued at approximately $2,916,828.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Bracken Darrell purchased 75,200 shares of V.F. stock in a transaction dated Monday, June 10th. The shares were bought at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the completion of the acquisition, the insider now owns 219,972 shares in the company, valued at approximately $2,916,828.72. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Carucci purchased 25,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of $13.78 per share, for a total transaction of $344,500.00. Following the transaction, the director now directly owns 215,130 shares in the company, valued at approximately $2,964,491.40. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

V.F. Price Performance

VFC stock traded down $0.30 during trading on Friday, hitting $13.50. The company had a trading volume of 8,068,551 shares, compared to its average volume of 7,849,339. The company has a market cap of $5.25 billion, a P/E ratio of -5.40, a P/E/G ratio of 1.04 and a beta of 1.53. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 2.84. The company has a fifty day moving average price of $13.06 and a two-hundred day moving average price of $15.02. V.F. Co. has a fifty-two week low of $11.00 and a fifty-two week high of $21.17.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the firm earned $0.17 earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. Equities research analysts expect that V.F. Co. will post 0.85 earnings per share for the current fiscal year.

V.F. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Monday, June 10th. V.F.’s payout ratio is presently -14.40%.

Wall Street Analysts Forecast Growth

VFC has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of V.F. from $14.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 23rd. The Goldman Sachs Group dropped their target price on V.F. from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, May 23rd. Citigroup lowered their target price on V.F. from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Robert W. Baird reduced their price objective on shares of V.F. from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Finally, Telsey Advisory Group restated a “market perform” rating and set a $13.00 target price (down previously from $18.00) on shares of V.F. in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.06.

About V.F.

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.