Citizens Financial Group Inc. RI Purchases 58,792 Shares of V.F. Corporation $VFC

Key Points

• Citizens Financial Group increased its V.F. stake by 432.3% in the third quarter, purchasing 58,792 additional shares for a total holding of 72,391 shares valued at approximately $1.02 million. Institutional investors and hedge funds collectively own 86.84% of V.F.
• V.F. reported quarterly adjusted earnings of $0.70 per share and revenue of approximately $2.70 billion, beating analyst estimates, though revenue declined 3.8% year over year. The North Face and Timberland grew 4% each, while Vans revenue fell 10%.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $18.35; targets range from $14 to $23. Company insiders also purchased shares, including director Richard Carucci and insider Bracken Darrell.

Citizens Financial Group Inc. RI increased its position in shares of V.F. Corporation (NYSE:VFC - Free Report) by 432.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,391 shares of the textile maker's stock after purchasing an additional 58,792 shares during the period. Citizens Financial Group Inc. RI's holdings in V.F. were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in V.F. in the 2nd quarter valued at $42,038,000. Squarepoint Ops LLC lifted its holdings in shares of V.F. by 298.1% during the second quarter. Squarepoint Ops LLC now owns 1,782,904 shares of the textile maker's stock worth $29,739,000 after buying an additional 1,335,057 shares in the last quarter. Varenne Capital Partners acquired a new stake in shares of V.F. during the second quarter worth $13,671,000. Assenagon Asset Management S.A. boosted its position in shares of V.F. by 242.3% in the third quarter. Assenagon Asset Management S.A. now owns 765,146 shares of the textile maker's stock valued at $10,758,000 after acquiring an additional 541,627 shares during the period. Finally, Madison Asset Management LLC bought a new stake in shares of V.F. in the second quarter valued at about $3,913,000. 86.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

V.F. Price Performance

Shares of NYSE VFC opened at $17.22 on Thursday. The stock has a market capitalization of $6.77 billion, a PE ratio of 24.96, a P/E/G ratio of 0.90 and a beta of 1.56. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.43 and a quick ratio of 0.78. The business has a fifty day moving average price of $14.53 and a two-hundred day moving average price of $16.97. V.F. Corporation has a fifty-two week low of $12.45 and a fifty-two week high of $22.27.

V.F. (NYSE:VFC - Get Free Report) last released its earnings results on Wednesday, October 28th. The textile maker reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.16. V.F. had a return on equity of 18.91% and a net margin of 2.88%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the company posted $0.52 EPS. The company's revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts predict that V.F. Corporation will post 1.10 earnings per share for the current fiscal year.

V.F. News Roundup

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: VFC reported adjusted earnings of $0.70 per share, exceeding the $0.54 analyst consensus, while revenue of approximately $2.70 billion also topped estimates. Net income increased to $285.3 million from $189.8 million a year earlier, supported by higher operating income and a 13.7% operating margin. V.F. Corp. Q2 Earnings Beat on Margin Gains, Brand Strength
• Positive Sentiment: The North Face and Timberland each delivered 4% revenue growth, while Altra also helped drive results. Management reaffirmed its fiscal 2027 outlook for constant-currency revenue growth of at least 2% and an adjusted operating margin of approximately 8%, reducing near-term guidance risk. VF Q2 Net Income Rises to $285 Million
• Positive Sentiment: BTIG Research reaffirmed its Buy rating and set a $23 price target, implying substantial upside from recent trading levels. VFC also declared its quarterly dividend of $0.09 per share. BTIG Research Ratings
• Neutral Sentiment: Management said Vans wholesale trends are expected to improve in the second half, but investors will likely look for evidence that the turnaround is gaining traction.
• Negative Sentiment: Quarterly revenue declined about 4% year over year, with Vans revenue falling 10% to $547.6 million. Wholesale revenue also decreased 6%, highlighting continued brand and channel pressure despite gains in other businesses. VF Corp. Finds Its Winning Formula With North Face and Timberland, but Vans Lags

Analysts Set New Price Targets

Several research firms recently commented on VFC. Williams Trading set a $22.00 price target on shares of V.F. in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of V.F. in a research note on Thursday, September 17th. They issued a "hold" rating and a $14.00 price objective for the company. Robert W. Baird cut shares of V.F. from an "outperform" rating to a "neutral" rating and set a $15.00 price objective for the company. in a research note on Monday, September 14th. Stifel Nicolaus cut their price objective on shares of V.F. from $19.00 to $17.00 and set a "hold" rating for the company in a report on Thursday, July 30th. Finally, Piper Sandler upgraded shares of V.F. from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $16.00 to $20.00 in a research report on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.35.

V.F. Company Profile

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.

VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.

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