Abhishek Dalmia Purchases 50,000 Shares of VF Corporation (NYSE:VFC) Stock

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

VF Trading Down 3.0%

Shares of VFC traded down $0.39 during mid-day trading on Friday, reaching $12.46. 9,176,626 shares of the company were exchanged, compared to its average volume of 7,861,611. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. VF Corporation has a 52 week low of $9.41 and a 52 week high of $29.02. The business has a 50 day simple moving average of $12.67 and a two-hundred day simple moving average of $18.77. The stock has a market capitalization of $4.85 billion, a PE ratio of -10.47, a PEG ratio of 6.77 and a beta of 1.68.

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

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Tuesday, June 10th. VF's payout ratio is currently -72.00%.

Hedge Funds Weigh In On VF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFC. Segall Bryant & Hamill LLC boosted its holdings in VF by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after purchasing an additional 211,440 shares during the last quarter. Rhumbline Advisers increased its holdings in VF by 11.0% in the 1st quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock valued at $14,414,000 after acquiring an additional 92,174 shares during the last quarter. GAMMA Investing LLC increased its holdings in VF by 1,355.2% in the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock valued at $6,276,000 after acquiring an additional 376,615 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in shares of VF by 16.4% in the 1st quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock worth $4,634,000 after buying an additional 42,065 shares during the last quarter. Finally, Russell Investments Group Ltd. increased 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 worth $4,306,000 after buying an additional 27,727 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays set a $16.00 price target on shares of VF and gave the company an "overweight" rating in a report on Thursday, May 22nd. Robert W. Baird reduced their target price on shares of VF from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, May 22nd. BMO Capital Markets set a $15.00 target price on shares of VF and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Stifel Nicolaus decreased their price objective on shares of VF from $28.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group dropped their target price on shares of VF from $25.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Sixteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, VF has a consensus rating of "Hold" and a consensus price target of $16.21.

About VF

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.