VF Corporation (NYSE:VFC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of VF Corporation (NYSE:VFC - Free Report) by 1,355.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 404,405 shares of the textile maker's stock after buying an additional 376,615 shares during the quarter. GAMMA Investing LLC owned 0.10% of VF worth $6,276,000 at the end of the most recent quarter.

Separately, Segall Bryant & Hamill LLC raised its position in shares of VF by 5.8% during 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 buying an additional 211,440 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company's stock.

VF Stock Performance

Shares of VFC traded down $1.04 during mid-day trading on Friday, hitting $11.60. 12,889,107 shares of the company traded hands, compared to its average volume of 7,787,756. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The stock has a 50-day moving average price of $12.33 and a two-hundred day moving average price of $18.34. VF Corporation has a 1 year low of $9.41 and a 1 year high of $29.02. The stock has a market cap of $4.52 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 released its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.01. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the company earned ($0.32) earnings per share. The firm's quarterly revenue was down 4.6% on a year-over-year basis. Equities analysts anticipate that VF Corporation will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 payout ratio is -72.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VFC shares. Telsey Advisory Group set a $14.00 target price on shares of VF in a research 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 research report on Thursday, May 22nd. Wells Fargo & Company decreased their target price on shares of VF from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen cut shares of VF from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of VF from $25.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Sixteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $16.21.

Insider Buying and Selling at VF

In other news, insider Bracken Darrell bought 85,840 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $11.73 per share, for a total transaction of $1,006,903.20. Following the purchase, the insider now directly owns 295,406 shares in the company, valued at approximately $3,465,112.38. This trade represents a 40.96% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Abhishek Dalmia bought 50,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $11.78 per share, with a total value of $589,000.00. Following the completion of the purchase, the executive vice president now owns 380,614 shares in the company, valued at approximately $4,483,632.92. This trade represents a 15.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 185,840 shares of company stock worth $2,198,403. Company insiders own 0.70% of the company's stock.

VF 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.