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

VF Corporation (NYSE:VFC - Get Free Report) Director Richard Carucci purchased 50,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $12.05 per share, for a total transaction of $602,500.00. Following the completion of the acquisition, the director now directly owns 280,282 shares in the company, valued at approximately $3,377,398.10. This represents a 21.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

VF Price Performance

VF stock traded down $0.39 during mid-day trading on Friday, reaching $12.46. 9,176,626 shares of the company were exchanged, compared to its average volume of 7,861,611. VF Corporation has a 12 month low of $9.41 and a 12 month high of $29.02. The company has a fifty day simple moving average of $12.67 and a 200-day simple moving average of $18.77. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The firm has a market cap of $4.85 billion, a PE ratio of -10.47, a PEG ratio of 6.77 and a beta of 1.68.

VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, topping analysts' consensus estimates 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%. The firm's quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) earnings per share. As a group, equities research analysts expect that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, June 10th. VF's dividend payout ratio is currently -72.00%.

Hedge Funds Weigh In On VF

A number of large investors have recently made changes to their positions in the stock. CKW Financial Group raised its position in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. SG Americas Securities LLC purchased a new position in VF during the 1st quarter valued at about $350,000. Entropy Technologies LP purchased a new position in VF during the 1st quarter valued at about $749,000. Amalgamated Bank increased its holdings in VF by 46.2% during 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 period. Finally, Russell Investments Group Ltd. increased its holdings in VF by 11.1% during 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 period. 86.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VFC. Stifel Nicolaus cut their price target on shares of VF from $28.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. BNP Paribas reissued a "neutral" rating on shares of VF in a report on Thursday, May 22nd. The Goldman Sachs Group lowered their target price on shares of VF from $25.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on shares of VF from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Finally, UBS Group upped their target price on shares of VF from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Sixteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.