Madison Asset Management LLC acquired a new position in V.F. Corporation (NYSE:VFC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 234,571 shares of the textile maker's stock, valued at approximately $3,913,000. Madison Asset Management LLC owned about 0.06% of V.F. as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of VFC. Hillsdale Investment Management Inc. bought a new stake in V.F. during the first quarter worth $3,209,000. Entropy Technologies LP bought a new position in V.F. during the 1st quarter valued at $815,000. Russell Investments Group Ltd. lifted its stake in V.F. by 1.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 578,767 shares of the textile maker's stock valued at $8,352,000 after acquiring an additional 10,881 shares in the last quarter. Captrust Financial Advisors boosted its holdings in V.F. by 28.0% during the 4th quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker's stock worth $1,643,000 after acquiring an additional 19,880 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in V.F. during the 2nd quarter worth $42,038,000. Institutional investors own 86.84% of the company's stock.
V.F. Stock Performance
NYSE VFC opened at $13.94 on Friday. V.F. Corporation has a 52-week low of $12.60 and a 52-week high of $22.27. The company has a 50-day simple moving average of $16.22 and a 200 day simple moving average of $17.53. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. The company has a market capitalization of $5.48 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.04 and a beta of 1.57.
V.F. (NYSE:VFC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.The business's revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.24) EPS. On average, research analysts predict that V.F. Corporation will post 1.07 EPS for the current year.
V.F. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 10th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 annualized dividend and a yield of 2.6%. V.F.'s dividend payout ratio (DPR) is 52.17%.
Insider Transactions at V.F.
In other V.F. news, Director Richard Carucci acquired 20,000 shares of the company's stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $14.73 per share, with a total value of $294,600.00. Following the completion of the acquisition, the director directly owned 356,215 shares in the company, valued at $5,247,046.95. This trade represents a 5.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bracken Darrell bought 32,894 shares of the business's stock in a transaction on Friday, July 31st. The shares were acquired at an average price of $14.98 per share, with a total value of $492,752.12. Following the transaction, the insider directly owned 1,402,109 shares of the company's stock, valued at approximately $21,003,592.82. This trade represents a 2.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 82,894 shares of company stock worth $1,302,452 over the last 90 days. 1.54% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several analysts have recently commented on VFC shares. Wall Street Zen downgraded shares of V.F. from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Barclays cut their price target on shares of V.F. from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. The Goldman Sachs Group reduced their price objective on shares of V.F. from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Truist Financial decreased their price objective on shares of V.F. from $15.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, July 30th. Finally, Wells Fargo & Company dropped their target price on shares of V.F. from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $18.21.
Read Our Latest Analysis on V.F.
V.F. Profile
(
Free Report)
VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.
Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.
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