V.F. Corporation $VFC Shares Bought by Fiduciary Alliance LLC

Key Points

• Fiduciary Alliance LLC increased its stake in V.F. Corporation by 10.3% to 647,496 shares (about $11.7 million), making VFC the fund's 25th largest holding and 0.8% of its portfolio.
• V.F. beat Q4 estimates with $0.58 EPS vs. $0.43 expected and revenue of $2.88 billion, while analysts' consensus remains a "Hold" with an average target price of $18.16.
• Director Juliana L. Chugg sold 6,678 shares at $21.30 on Feb. 10, cutting her holding to 40 shares, and institutional investors collectively own 86.84% of VFC stock.

Fiduciary Alliance LLC boosted its stake in shares of V.F. Corporation (NYSE:VFC - Free Report) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 647,496 shares of the textile maker's stock after buying an additional 60,619 shares during the period. V.F. accounts for 0.8% of Fiduciary Alliance LLC's investment portfolio, making the stock its 25th largest position. Fiduciary Alliance LLC owned 0.17% of V.F. worth $11,707,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in V.F. by 59.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker's stock valued at $40,000 after purchasing an additional 1,027 shares during the period. Rothschild Investment LLC raised its position in V.F. by 705.8% in the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker's stock valued at $54,000 after purchasing an additional 3,282 shares during the period. Rexford Capital Inc. purchased a new stake in V.F. in the second quarter valued at $48,000. Global Wealth Strategies & Associates purchased a new stake in V.F. in the third quarter valued at $82,000. Finally, Farther Finance Advisors LLC raised its position in V.F. by 50.1% in the third quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker's stock valued at $108,000 after purchasing an additional 2,490 shares during the period. Hedge funds and other institutional investors own 86.84% of the company's stock.

Insider Activity

In related news, Director Juliana L. Chugg sold 6,678 shares of the business's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $21.30, for a total transaction of $142,241.40. Following the completion of the transaction, the director directly owned 40 shares of the company's stock, valued at $852. The trade was a 99.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

VFC has been the topic of a number of research analyst reports. Needham & Company LLC restated a "buy" rating on shares of V.F. in a research report on Thursday, January 8th. Barclays restated an "overweight" rating on shares of V.F. in a research report on Thursday, January 29th. Truist Financial set a $18.00 target price on V.F. in a research report on Wednesday, January 14th. Piper Sandler lifted their target price on V.F. from $14.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company lifted their target price on V.F. from $12.00 to $15.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, V.F. currently has an average rating of "Hold" and an average target price of $18.16.

V.F. Price Performance

VFC stock opened at $18.39 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $7.19 billion, a PE ratio of 33.43, a P/E/G ratio of 0.94 and a beta of 1.65. V.F. Corporation has a 12-month low of $10.06 and a 12-month high of $21.92. The business's fifty day moving average price is $18.43 and its 200 day moving average price is $17.38.

V.F. (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.15. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.81 billion. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS. On average, sell-side analysts anticipate that V.F. Corporation will post 0.73 EPS for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, March 10th. V.F.'s payout ratio is currently 65.45%.

About V.F.

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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