Capital Investment Advisors LLC Purchases New Holdings in V.F. Co. (NYSE:VFC)

Capital Investment Advisors LLC purchased a new stake in shares of V.F. Co. (NYSE:VFC) in the 2nd quarter, Holdings Channel reports. The fund purchased 21,872 shares of the textile maker’s stock, valued at approximately $295,000.

Several other large investors have also recently bought and sold shares of VFC. Arizona State Retirement System boosted its position in V.F. by 0.8% during the fourth quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock valued at $1,708,000 after purchasing an additional 702 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of V.F. by 1,754.4% in the fourth quarter. International Assets Investment Management LLC now owns 29,393 shares of the textile maker’s stock valued at $553,000 after buying an additional 27,808 shares during the last quarter. Allworth Financial LP lifted its position in shares of V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after buying an additional 958 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of V.F. by 115.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 296,041 shares of the textile maker’s stock valued at $5,599,000 after buying an additional 158,899 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in shares of V.F. in the fourth quarter valued at approximately $721,000. 86.84% of the stock is owned by institutional investors and hedge funds.

V.F. Price Performance

V.F. stock traded down $0.39 during mid-day trading on Friday, reaching $17.40. 6,614,098 shares of the company were exchanged, compared to its average volume of 8,768,965. V.F. Co. has a 12 month low of $11.00 and a 12 month high of $21.17. The company has a fifty day simple moving average of $14.62 and a 200-day simple moving average of $14.51. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71. The firm has a market cap of $6.77 billion, a PE ratio of -6.96, a PEG ratio of 1.27 and a beta of 1.52.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.04. V.F. had a positive return on equity of 10.86% and a negative net margin of 11.39%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the company posted ($0.15) EPS. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.07%. V.F.’s payout ratio is -14.40%.

Insider Activity

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group cut their price objective on V.F. from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of V.F. in a research report on Monday, August 5th. Wells Fargo & Company increased their target price on V.F. from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Barclays increased their target price on V.F. from $12.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Finally, TD Cowen increased their target price on V.F. from $9.00 to $16.00 and gave the stock a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.19.

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.