1620 Investment Advisors Inc. Makes New $103,000 Investment in V.F. Co. (NYSE:VFC)

1620 Investment Advisors Inc. acquired a new stake in V.F. Co. (NYSE:VFC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,666 shares of the textile maker’s stock, valued at approximately $103,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. lifted its position in V.F. by 5.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 633 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of V.F. by 1.5% in the 4th quarter. Yousif Capital Management LLC now owns 59,928 shares of the textile maker’s stock valued at $1,127,000 after purchasing an additional 857 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of V.F. by 8.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker’s stock valued at $146,000 after purchasing an additional 879 shares during the period. EverSource Wealth Advisors LLC grew its stake in V.F. by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after buying an additional 895 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in V.F. by 0.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 106,281 shares of the textile maker’s stock worth $1,630,000 after buying an additional 959 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VFC. Robert W. Baird increased their price objective on V.F. from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. UBS Group increased their price target on shares of V.F. from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. BMO Capital Markets lifted their price objective on shares of V.F. from $13.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Stifel Nicolaus reduced their target price on shares of V.F. from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Citigroup raised V.F. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.00 to $20.00 in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.50.

Insider Buying and Selling

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

V.F. Trading Down 2.4 %

NYSE:VFC opened at $16.62 on Friday. V.F. Co. has a 1 year low of $11.00 and a 1 year high of $20.69. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The stock has a fifty day moving average price of $15.24 and a two-hundred day moving average price of $14.51. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of -6.65, a PEG ratio of 1.72 and a beta of 1.52.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. V.F. had a negative net margin of 11.39% and a positive return on equity of 11.75%. The business’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.15) EPS. As a group, sell-side analysts anticipate that V.F. Co. will post 0.8 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The company 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 dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, September 10th. V.F.’s dividend payout ratio (DPR) is -14.40%.

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.