Russell Investments Group Ltd. Acquires 129,548 Shares of V.F. Co. (NYSE:VFC)

Russell Investments Group Ltd. boosted its stake in V.F. Co. (NYSE:VFC - Free Report) by 33.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,974 shares of the textile maker's stock after acquiring an additional 129,548 shares during the period. Russell Investments Group Ltd. owned 0.13% of V.F. worth $9,667,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in VFC. Wolff Wiese Magana LLC lifted its stake in V.F. by 2,835.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker's stock worth $25,000 after purchasing an additional 1,276 shares during the last quarter. Allworth Financial LP lifted its position in shares of V.F. by 111.5% in the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker's stock worth $34,000 after buying an additional 958 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of V.F. in the 4th quarter valued at about $39,000. ORG Partners LLC bought a new stake in shares of V.F. during the 4th quarter valued at about $40,000. Finally, Covestor Ltd raised its stake in V.F. by 335.8% during the third quarter. Covestor Ltd now owns 2,384 shares of the textile maker's stock worth $42,000 after acquiring an additional 1,837 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at V.F.

In other V.F. news, Director Juliana L. Chugg purchased 11,301 shares of the company's stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the purchase, the director now directly owns 26,301 shares in the company, valued at approximately $461,582.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Bracken Darrell bought 65,360 shares of the business's stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the acquisition, the insider now directly owns 144,281 shares in the company, valued at $2,219,041.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Juliana L. Chugg bought 11,301 shares of the business's stock in a transaction on Monday, February 12th. The shares were bought at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the acquisition, the director now owns 26,301 shares of the company's stock, valued at $461,582.55. The disclosure for this purchase can be found here. Insiders own 0.60% of the company's stock.

V.F. Stock Down 0.8 %

Shares of VFC traded down $0.10 during trading hours on Tuesday, reaching $12.67. The company's stock had a trading volume of 3,815,029 shares, compared to its average volume of 8,892,194. The company has a 50 day moving average of $14.06 and a two-hundred day moving average of $15.96. V.F. Co. has a 1-year low of $11.91 and a 1-year high of $22.63. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of -6.43, a P/E/G ratio of 1.38 and a beta of 1.49. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25.

V.F. (NYSE:VFC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.22). The firm had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm's revenue for the quarter was down 16.2% on a year-over-year basis. During the same period last year, the business earned $1.12 earnings per share. As a group, research analysts predict that V.F. Co. will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VFC has been the subject of several recent research reports. The Goldman Sachs Group lowered their target price on V.F. from $14.00 to $12.50 and set a "neutral" rating for the company in a report on Friday, April 26th. JPMorgan Chase & Co. cut their target price on V.F. from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, April 8th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $22.00 price objective on shares of V.F. in a report on Tuesday, April 9th. Wedbush reduced their target price on shares of V.F. from $16.50 to $15.50 and set a "neutral" rating for the company in a research note on Wednesday, February 7th. Finally, Williams Trading restated a "sell" rating on shares of V.F. in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.88.

V.F. Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.