VF Corporation (NYSE:VFC) EVP Buys $589,000.00 in Stock

VF Corporation (NYSE:VFC - Get Free Report) EVP Abhishek Dalmia purchased 50,000 shares of VF stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of $11.78 per share, with a total value of $589,000.00. Following the completion of the transaction, the executive vice president now owns 380,614 shares of the company's stock, valued at $4,483,632.92. The trade was a 15.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

VF Price Performance

Shares of VFC traded down $0.33 during mid-day trading on Thursday, reaching $12.85. 7,571,285 shares of the company's stock were exchanged, compared to its average volume of 7,861,454. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The company has a 50-day simple moving average of $12.84 and a two-hundred day simple moving average of $18.88. VF Corporation has a 52-week low of $9.41 and a 52-week high of $29.02. The company has a market cap of $5.01 billion, a price-to-earnings ratio of -10.80, a PEG ratio of 6.77 and a beta of 1.68.

VF (NYSE:VFC - Get Free Report) last announced its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned ($0.32) earnings per share. VF's revenue was down 4.6% compared to the same quarter last year. On average, sell-side analysts predict that VF Corporation will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 10th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.80%. VF's dividend payout ratio (DPR) is currently -72.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of VF from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. reduced their price target on shares of VF from $25.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Piper Sandler reduced their price target on shares of VF from $18.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Barclays set a $16.00 target price on shares of VF and gave the company an "overweight" rating in a report on Thursday, May 22nd. Finally, Needham & Company LLC reduced their target price on shares of VF from $28.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, VF presently has a consensus rating of "Hold" and a consensus target price of $16.21.

Institutional Trading of VF

A number of hedge funds have recently bought and sold shares of the company. Segall Bryant & Hamill LLC boosted its holdings in shares of VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock valued at $83,153,000 after purchasing an additional 211,440 shares during the last quarter. CKW Financial Group boosted its holdings in shares of VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after purchasing an additional 500 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of VF by 11.1% in the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock valued at $4,306,000 after purchasing an additional 27,727 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of VF in the 1st quarter valued at $749,000. Finally, Amalgamated Bank boosted its holdings in shares of VF by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after purchasing an additional 48,151 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company's stock.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.