48,240 Shares in V.F. Corporation (NYSE:VFC) Acquired by Entropy Technologies LP

Key Points

• Entropy Technologies LP bought 48,240 shares of V.F. Corporation, worth approximately $749,000, during the 1st quarter.
• V.F. Corporation reported a -94.04 P/E ratio and had a revenue of $1.76 billion, beating analysts' expectations of $1.70 billion.
• The company declared a quarterly dividend of $0.09, representing an annualized yield of 2.9%, despite a significant dividend payout ratio of -276.92%.

Entropy Technologies LP purchased a new position in shares of V.F. Corporation (NYSE:VFC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 48,240 shares of the textile maker's stock, valued at approximately $749,000.

A number of other hedge funds have also made changes to their positions in the business. Rhumbline Advisers raised its stake in shares of V.F. 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 period. GAMMA Investing LLC raised its stake in shares of V.F. 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 period. Fiduciary Alliance LLC raised its stake in shares of V.F. by 16.4% in the 1st 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. Amalgamated Bank raised its stake in shares of V.F. by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after acquiring an additional 48,151 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of V.F. in the 1st quarter valued at $350,000. Hedge funds and other institutional investors own 86.84% of the company's stock.

V.F. Stock Down 1.0%

Shares of VFC traded down $0.13 during midday trading on Thursday, hitting $12.96. The company had a trading volume of 6,634,437 shares, compared to its average volume of 10,645,198. The company's 50 day moving average price is $12.29 and its 200 day moving average price is $15.27. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of -99.65, a PEG ratio of 1.85 and a beta of 1.68. V.F. Corporation has a 52 week low of $9.41 and a 52 week high of $29.02. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 2.76.

V.F. (NYSE:VFC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The textile maker reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.11. V.F. had a negative net margin of 0.50% and a positive return on equity of 22.77%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the business posted ($0.33) EPS. The company's quarterly revenue was down 7.3% on a year-over-year basis. On average, equities research analysts predict that V.F. Corporation will post 0.73 EPS for the current year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 10th. V.F.'s payout ratio is presently -276.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VFC shares. BNP Paribas downgraded shares of V.F. from a "neutral" rating to an "underperform" rating and cut their target price for the company from $11.00 to $10.00 in a research note on Thursday, July 31st. Barclays set a $16.00 price target on shares of V.F. and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Stifel Nicolaus dropped their price target on shares of V.F. from $28.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. KGI Securities started coverage on shares of V.F. in a research note on Thursday, July 31st. They set an "outperform" rating and a $14.80 price target on the stock. Finally, UBS Group lifted their price target on shares of V.F. from $12.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $16.20.

Insider Buying and Selling at V.F.

In other news, EVP Abhishek Dalmia bought 50,000 shares of V.F. stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $11.78 per share, with a total value of $589,000.00. Following the purchase, the executive vice president directly owned 380,614 shares of the company's stock, valued at approximately $4,483,632.92. This trade represents a 15.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Carucci bought 50,000 shares of V.F. stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $12.05 per share, with a total value of $602,500.00. Following the completion of the purchase, the director directly owned 280,282 shares in the company, valued at $3,377,398.10. This trade represents a 21.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 185,840 shares of company stock valued at $2,198,403 in the last ninety days. Company insiders own 1.10% of the company's stock.

V.F. 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.