Amalgamated Bank Has $2.37 Million Position in V.F. Corporation (NYSE:VFC)

Amalgamated Bank raised its holdings in V.F. Corporation (NYSE:VFC - Free Report) by 46.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,410 shares of the textile maker's stock after acquiring an additional 48,151 shares during the period. Amalgamated Bank's holdings in V.F. were worth $2,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VFC. SG Americas Securities LLC acquired a new position in V.F. in the first quarter valued at about $350,000. Fiduciary Alliance LLC grew its stake in V.F. by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after acquiring an additional 42,065 shares during the period. GAMMA Investing LLC boosted its position in shares of V.F. by 1,355.2% during the first quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock worth $6,276,000 after buying an additional 376,615 shares during the period. Rhumbline Advisers boosted its position in shares of V.F. by 11.0% during the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock worth $14,414,000 after buying an additional 92,174 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its position in shares of V.F. by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after buying an additional 211,440 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

V.F. Stock Performance

Shares of VFC traded up $0.10 during mid-day trading on Friday, reaching $12.58. The company's stock had a trading volume of 4,232,350 shares, compared to its average volume of 7,789,004. V.F. Corporation has a 1-year low of $9.41 and a 1-year high of $29.02. The stock has a market cap of $4.90 billion, a P/E ratio of -25.16, a PEG ratio of 1.37 and a beta of 1.66. The business has a 50-day simple moving average of $12.64 and a two-hundred day simple moving average of $17.31. The company has a current ratio of 1.40, a quick ratio of 0.80 and a debt-to-equity ratio of 2.30.

V.F. (NYSE:VFC - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. V.F. had a positive return on equity of 20.14% and a negative net margin of 1.97%. The business's revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm posted ($0.32) earnings per share. As a group, equities research analysts anticipate that V.F. Corporation will post 0.73 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.86%. V.F.'s dividend payout ratio (DPR) is presently -72.00%.

Insiders Place Their Bets

In related news, Director Richard Carucci acquired 50,000 shares of the stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $12.05 per share, for a total transaction of $602,500.00. Following the purchase, the director directly owned 280,282 shares in the company, valued at approximately $3,377,398.10. The trade was a 21.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bracken Darrell purchased 85,840 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $11.73 per share, for a total transaction of $1,006,903.20. Following the purchase, the insider owned 295,406 shares in the company, valued at approximately $3,465,112.38. The trade was a 40.96% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 185,840 shares of company stock worth $2,198,403 in the last 90 days. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

VFC has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on V.F. from $25.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Stifel Nicolaus reduced their price objective on V.F. from $28.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Citigroup cut V.F. from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $30.00 to $12.00 in a research report on Monday, April 7th. Telsey Advisory Group set a $14.00 price objective on V.F. in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reduced their price objective on V.F. from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Sixteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $16.21.

About V.F.

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.