Bard Financial Services Inc. Lowers Stock Position in VF Corporation (NYSE:VFC)

Bard Financial Services Inc. decreased its holdings in shares of VF Corporation (NYSE:VFC - Free Report) by 60.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,790 shares of the textile maker's stock after selling 55,800 shares during the quarter. Bard Financial Services Inc.'s holdings in VF were worth $571,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VFC. Segall Bryant & Hamill LLC raised its stake in VF 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 acquiring an additional 211,440 shares in the last quarter. GAMMA Investing LLC raised its stake in VF 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 acquiring an additional 376,615 shares in the last quarter. Rhumbline Advisers raised its stake in VF 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 acquiring an additional 92,174 shares in the last quarter. Fiduciary Alliance LLC increased its stake in shares of VF 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 buying an additional 42,065 shares during the period. Finally, SG Americas Securities LLC bought a new position in VF in the 1st quarter valued at approximately $350,000. Institutional investors and hedge funds own 86.84% of the company's stock.

VF Trading Down 8.2%

Shares of NYSE:VFC traded down $1.04 during trading on Friday, reaching $11.60. The stock had a trading volume of 12,889,107 shares, compared to its average volume of 7,791,165. The firm's fifty day moving average is $12.37 and its 200 day moving average is $18.26. 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 stock has a market cap of $4.52 billion, a price-to-earnings ratio of -9.74, a P/E/G ratio of 6.77 and a beta of 1.69.

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

VF Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.10%. The ex-dividend date is Tuesday, June 10th. VF's dividend payout ratio is presently -72.00%.

Insider Buying and Selling

In other VF news, EVP Abhishek Dalmia acquired 50,000 shares of the stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $11.78 per share, for a total transaction of $589,000.00. Following the completion of the acquisition, the executive vice president now owns 380,614 shares in the company, valued at approximately $4,483,632.92. This represents 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. Also, insider Bracken Darrell acquired 85,840 shares of the stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of $11.73 per share, for a total transaction of $1,006,903.20. Following the acquisition, the insider now owns 295,406 shares of the company's stock, 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 valued at $2,198,403 over the last ninety days. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VFC. Piper Sandler reduced their target price on shares of VF from $18.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. reduced their target price on shares of VF from $25.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, May 19th. Telsey Advisory Group set a $14.00 target price on shares of VF 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 report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of VF from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Sixteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, VF has a consensus rating of "Hold" and an average target price of $16.21.

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.