Fiduciary Alliance LLC Acquires 42,065 Shares of VF Corporation (NYSE:VFC)

Fiduciary Alliance LLC grew its holdings in VF Corporation (NYSE:VFC - Free Report) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,596 shares of the textile maker's stock after purchasing an additional 42,065 shares during the period. Fiduciary Alliance LLC owned approximately 0.08% of VF worth $4,634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Segall Bryant & Hamill LLC lifted its position in VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after buying an additional 211,440 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of VF by 11.0% during the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock worth $14,414,000 after acquiring an additional 92,174 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in VF by 1,355.2% during the first quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock valued at $6,276,000 after purchasing an additional 376,615 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VFC. BNP Paribas reiterated a "neutral" rating on shares of VF in a report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their target price on shares of VF from $25.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Barclays set a $16.00 price target on shares of VF and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Needham & Company LLC cut their price target on shares of VF from $28.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of VF from $25.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Sixteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $16.21.

VF Stock Performance

NYSE VFC traded up $0.31 during midday trading on Thursday, hitting $12.86. The company had a trading volume of 1,903,165 shares, compared to its average volume of 7,761,285. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The firm has a fifty day simple moving average of $12.45 and a two-hundred day simple moving average of $18.61. VF Corporation has a fifty-two week low of $9.41 and a fifty-two week high of $29.02. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of -10.80, a P/E/G ratio of 6.77 and a beta of 1.68.

VF (NYSE:VFC - Get Free Report) last announced 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 company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. VF's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.32) EPS. Equities analysts forecast that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.80%. VF's dividend payout ratio (DPR) is currently -72.00%.

Insiders Place Their Bets

In other news, insider Bracken Darrell bought 85,840 shares of VF stock in a transaction dated 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 purchase, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Abhishek Dalmia bought 50,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $11.78 per share, with a total value of $589,000.00. Following the transaction, the executive vice president now directly owns 380,614 shares in the company, valued at $4,483,632.92. This represents a 15.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 185,840 shares of company stock worth $2,198,403 over the last quarter. Company insiders own 0.70% of the company's stock.

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.