147,300 Shares in V.F. Corporation $VFC Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of V.F. Corporation (NYSE:VFC - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 147,300 shares of the textile maker's stock, valued at approximately $2,457,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VFC. Parallel Advisors LLC lifted its holdings in shares of V.F. by 27.9% during the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker's stock worth $46,000 after acquiring an additional 588 shares during the period. Root Financial Partners LLC increased its stake in V.F. by 282.9% in the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker's stock valued at $52,000 after acquiring an additional 2,255 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in V.F. by 151.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker's stock valued at $125,000 after purchasing an additional 4,167 shares in the last quarter. Versant Capital Management Inc lifted its stake in V.F. by 213.7% during the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker's stock worth $135,000 after purchasing an additional 5,503 shares during the last quarter. Finally, Nykredit A S bought a new stake in V.F. during the second quarter worth $179,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at V.F.

In other news, Director Richard Carucci bought 20,000 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $14.73 per share, with a total value of $294,600.00. Following the transaction, the director owned 356,215 shares of the company's stock, valued at $5,247,046.95. This trade represents a 5.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bracken Darrell purchased 32,894 shares of the stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $14.98 per share, with a total value of $492,752.12. Following the acquisition, the insider owned 1,402,109 shares in the company, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their position. The SEC filing for this purchase provides additional information. 1.54% of the stock is owned by company insiders.

V.F. Price Performance

VFC stock opened at $12.60 on Friday. The company has a market capitalization of $4.95 billion, a P/E ratio of 18.26, a PEG ratio of 0.93 and a beta of 1.57. The company has a fifty day moving average price of $15.13 and a 200-day moving average price of $16.78. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. V.F. Corporation has a 52-week low of $12.45 and a 52-week high of $22.27.

V.F. (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.05). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. V.F. had a net margin of 2.88% and a return on equity of 18.91%. The business's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.24) earnings per share. As a group, equities analysts expect that V.F. Corporation will post 1.07 EPS for the current year.

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.9%. V.F.'s dividend payout ratio is presently 52.17%.

Wall Street Analysts Forecast Growth

VFC has been the topic of several recent analyst reports. UBS Group decreased their price target on V.F. from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. BTIG Research reaffirmed a "buy" rating on shares of V.F. in a research note on Friday, July 24th. Weiss Ratings reissued a "sell (d+)" rating on shares of V.F. in a research note on Tuesday, September 1st. Barclays dropped their target price on shares of V.F. from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Finally, Wells Fargo & Company decreased their price target on shares of V.F. from $18.00 to $16.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $18.21.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.

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