Segall Bryant & Hamill LLC Sells 1,240,319 Shares of V.F. Corporation (NYSE:VFC)

Segall Bryant & Hamill LLC reduced its position in V.F. Corporation (NYSE:VFC - Free Report) by 32.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,634,462 shares of the textile maker's stock after selling 1,240,319 shares during the period. V.F. makes up approximately 0.6% of Segall Bryant & Hamill LLC's holdings, making the stock its 28th largest holding. Segall Bryant & Hamill LLC owned approximately 0.68% of V.F. worth $40,887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of VFC. GAMMA Investing LLC raised its holdings in shares of V.F. by 1,355.2% during the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock valued at $6,276,000 after buying an additional 376,615 shares during the period. Rhumbline Advisers lifted its holdings in shares of V.F. by 11.0% in the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock valued at $14,414,000 after buying an additional 92,174 shares during the period. Amalgamated Bank lifted its holdings in shares of V.F. by 46.2% in the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after buying an additional 48,151 shares during the period. Fiduciary Alliance LLC lifted its holdings in shares of V.F. by 16.4% during the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after purchasing an additional 42,065 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of V.F. during the first quarter valued at $350,000. 86.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VFC. Citigroup lowered V.F. from a "buy" rating to a "neutral" rating and dropped 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 target price on V.F. from $28.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. BMO Capital Markets set a $15.00 target price on V.F. and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. BNP Paribas reaffirmed a "neutral" rating on shares of V.F. in a research report on Thursday, May 22nd. Finally, Barclays set a $16.00 target price on V.F. and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Sixteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, V.F. presently has an average rating of "Hold" and an average target price of $16.21.

V.F. Price Performance

Shares of VFC traded up $0.06 during midday trading on Friday, hitting $12.35. The company's stock had a trading volume of 1,518,697 shares, compared to its average volume of 7,697,616. V.F. Corporation has a one year low of $9.41 and a one year high of $29.02. The company's fifty day simple moving average is $12.64 and its two-hundred day simple moving average is $16.74. The company has a quick ratio of 0.80, a current ratio of 1.40 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -24.75, a price-to-earnings-growth ratio of 1.32 and a beta of 1.66.

V.F. (NYSE:VFC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.17 billion. V.F. had a positive return on equity of 20.14% and a negative net margin of 1.97%. V.F.'s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.32) EPS. As a group, equities analysts expect that V.F. Corporation will post 0.73 earnings per share for the current fiscal year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Tuesday, June 10th. V.F.'s payout ratio is presently -72.00%.

Insiders Place Their Bets

In related news, Director Richard Carucci acquired 50,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $12.05 per share, with a total value of $602,500.00. Following the acquisition, the director owned 280,282 shares of the company's stock, valued at approximately $3,377,398.10. This trade represents a 21.71% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bracken Darrell acquired 85,840 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $11.73 per share, with a total value of $1,006,903.20. Following the completion of the acquisition, the insider directly owned 295,406 shares in the company, valued at approximately $3,465,112.38. This represents a 40.96% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 185,840 shares of company stock valued at $2,198,403. 1.10% of the stock is currently owned by company insiders.

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.