GAMMA Investing LLC Acquires 376,615 Shares of VF Corporation (NYSE:VFC)

GAMMA Investing LLC boosted its holdings in VF Corporation (NYSE:VFC - Free Report) by 1,355.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,405 shares of the textile maker's stock after purchasing an additional 376,615 shares during the period. GAMMA Investing LLC owned about 0.10% of VF worth $6,276,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Segall Bryant & Hamill LLC grew its holdings in shares of VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock valued at $83,153,000 after acquiring an additional 211,440 shares in the last quarter. Institutional investors own 86.84% of the company's stock.

VF Stock Performance

Shares of NYSE VFC traded down $0.07 during trading hours on Tuesday, reaching $12.96. 7,647,205 shares of the stock were exchanged, compared to its average volume of 8,948,527. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of -10.89, a P/E/G ratio of 6.77 and a beta of 1.69. The stock's fifty day simple moving average is $12.25 and its 200 day simple moving average is $18.47. 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.

VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01. The firm had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.17 billion. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. The company's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.32) EPS. Sell-side analysts predict that VF Corporation will post 0.73 EPS for the current year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.78%. VF's payout ratio is presently -72.00%.

Insiders Place Their Bets

In related news, insider Bracken Darrell purchased 85,840 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $11.73 per share, for a total transaction of $1,006,903.20. Following the completion of the transaction, the insider now owns 295,406 shares of the company's stock, valued at approximately $3,465,112.38. This trade represents a 40.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Carucci acquired 50,000 shares of VF 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 completion of the purchase, the director now directly owns 280,282 shares of the company's stock, valued at approximately $3,377,398.10. This represents a 21.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 185,840 shares of company stock worth $2,198,403 in the last quarter. Corporate insiders own 0.70% of the company's stock.

Analyst Ratings Changes

VFC has been the topic of several analyst reports. Citigroup cut VF from a "buy" rating to a "neutral" rating and reduced their price target for the company from $30.00 to $12.00 in a research report on Monday, April 7th. Needham & Company LLC dropped their price objective on VF from $28.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Telsey Advisory Group set a $14.00 target price on shares of VF in a research note on Thursday, May 22nd. The Goldman Sachs Group dropped their price target on shares of VF from $25.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of VF from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Sixteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $16.21.

About VF

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.