V.F. Corporation $VFC Shares Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its V.F. stake by 343.7% in the second quarter, acquiring 164,369 additional shares for a total holding of 212,198 shares worth approximately $3.54 million. Institutional investors collectively own 86.84% of the company.
• V.F. reported quarterly revenue of $1.67 billion, above estimates, but missed earnings expectations with a loss of $0.27 per share; revenue declined 5.2% year over year. Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and a $17.42 price target.
• The stock recently traded near $12.79, close to its 12-month low of $12.45, while the company continues to pay a quarterly dividend of $0.09, equivalent to a 2.8% annualized yield. Insiders also purchased shares, including significant buys by the CEO and a director.

Corient Private Wealth LP grew its holdings in shares of V.F. Corporation (NYSE:VFC - Free Report) by 343.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,198 shares of the textile maker's stock after buying an additional 164,369 shares during the period. Corient Private Wealth LP owned 0.05% of V.F. worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in V.F. by 27.9% during the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker's stock worth $46,000 after acquiring an additional 588 shares during the period. Root Financial Partners LLC lifted its holdings in V.F. by 282.9% in the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker's stock worth $52,000 after purchasing an additional 2,255 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in V.F. by 151.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker's stock worth $125,000 after purchasing an additional 4,167 shares during the period. Versant Capital Management Inc grew its position in V.F. by 213.7% in the 2nd quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker's stock valued at $135,000 after buying an additional 5,503 shares in the last quarter. Finally, Nykredit A S acquired a new position in V.F. during the 2nd quarter valued at about $179,000. 86.84% of the stock is owned by institutional investors.

Key V.F. News

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: V.F. recently outpaced the broader market, closing at $12.93 after an increase of 1.57% in the latest session, indicating some short-term buying interest. However, the report did not identify a specific fundamental catalyst. Why V.F. VFC Outpaced the Stock Market Today
• Neutral Sentiment: Deutsche Bank initiated coverage of V.F. Corporation with a “hold” rating and a $14 price target, implying potential upside from recent levels but signaling that the firm sees limited near-term conviction. Deutsche Bank coverage of V.F. Corporation
• Negative Sentiment: Robert W. Baird downgraded V.F. to “neutral,” adding to caution around the apparel company’s outlook and potentially limiting investor enthusiasm. V.F. Cut to Neutral at Robert W. Baird

V.F. Stock Down 0.0%

Shares of V.F. stock opened at $12.79 on Monday. The stock's fifty day moving average is $14.70 and its 200-day moving average is $16.50. The firm has a market capitalization of $5.03 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 1.70. V.F. Corporation has a 12-month low of $12.45 and a 12-month high of $22.27.

V.F. (NYSE:VFC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The company had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the prior year, the company earned ($0.24) earnings per share. The company's revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts anticipate that V.F. Corporation will post 1.08 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 10th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.8%. V.F.'s dividend payout ratio (DPR) is currently 52.17%.

Insider Activity at V.F.

In other V.F. news, insider Bracken Darrell bought 32,894 shares of V.F. stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Carucci bought 20,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $14.73 per share, with a total value of $294,600.00. Following the transaction, the director owned 356,215 shares of the company's stock, valued at $5,247,046.95. This trade represents a 5.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on VFC shares. Telsey Advisory Group dropped their target price on V.F. from $20.00 to $17.00 and set a "market perform" rating on the stock in a report on Thursday, July 30th. Truist Financial decreased their price target on V.F. from $15.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, July 30th. Wall Street Zen cut V.F. from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. BTIG Research reissued a "buy" rating on shares of V.F. in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on V.F. in a report on Thursday. They issued a "hold" rating and a $14.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $17.42.

About V.F.

V.F. Corporation, also known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes recognized outdoor, active, workwear and lifestyle brands such as The North Face, Vans, Timberland, Dickies, JanSport and Eastpak.

The company develops, markets and distributes products including jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear. Its brands serve consumers through wholesale partners, company-operated and franchised stores, and e-commerce platforms.

Founded in 1899 as the Reading Glove and Mitten Company, the business later adopted the name Vanity Fair Mills and became VF Corporation.

Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for V.F. Corporation (NYSE:VFC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.