Richard Carucci Acquires 50,000 Shares of VF Corporation (NYSE:VFC) Stock

VF Corporation (NYSE:VFC - Get Free Report) Director Richard Carucci bought 50,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $12.05 per share, for a total transaction of $602,500.00. Following the purchase, the director now owns 280,282 shares of the company's stock, valued at approximately $3,377,398.10. The trade was a 21.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

VF Stock Down 2.5%

Shares of VFC traded down $0.33 during midday trading on Thursday, hitting $12.85. 7,571,285 shares of the company's stock traded hands, compared to its average volume of 7,861,454. VF Corporation has a 1 year low of $9.41 and a 1 year high of $29.02. The firm's fifty day moving average is $12.84 and its 200-day moving average is $18.88. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of -10.80, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68.

VF (NYSE:VFC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business posted ($0.32) EPS. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that VF Corporation will post 0.73 earnings per share for the current year.

VF Dividend Announcement

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

Hedge Funds Weigh In On VF

Hedge funds have recently made changes to their positions in the company. CKW Financial Group grew its position in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after acquiring an additional 500 shares during the period. SG Americas Securities LLC purchased a new stake in VF during the 1st quarter worth approximately $350,000. Entropy Technologies LP purchased a new stake in shares of VF during the first quarter worth approximately $749,000. Amalgamated Bank raised its stake in VF by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after purchasing an additional 48,151 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in VF by 11.1% in the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock valued at $4,306,000 after purchasing an additional 27,727 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VFC. UBS Group boosted their price target on VF from $12.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, May 19th. BNP Paribas reiterated a "neutral" rating on shares of VF in a report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price target on VF from $25.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, May 19th. Wall Street Zen lowered VF from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Wells Fargo & Company lowered their price target on VF from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Sixteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $16.21.

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.