Mesirow Institutional Investment Management Inc. Takes $11.13 Million Position in V.F. Co. (NYSE:VFC)

Mesirow Institutional Investment Management Inc. purchased a new position in shares of V.F. Co. (NYSE:VFC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 591,824 shares of the textile maker's stock, valued at approximately $11,126,000. Mesirow Institutional Investment Management Inc. owned approximately 0.15% of V.F. as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. increased its holdings in V.F. by 5.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker's stock valued at $216,000 after buying an additional 633 shares during the last quarter. Arizona State Retirement System raised its position in shares of V.F. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker's stock worth $1,708,000 after acquiring an additional 702 shares in the last quarter. Global Retirement Partners LLC lifted its stake in V.F. by 28.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker's stock worth $61,000 after purchasing an additional 715 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in V.F. by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker's stock valued at $2,713,000 after purchasing an additional 780 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in V.F. by 3.0% during the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker's stock worth $486,000 after purchasing an additional 812 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

V.F. Price Performance

Shares of V.F. stock traded down $0.30 during trading on Friday, reaching $12.43. The company's stock had a trading volume of 4,611,834 shares, compared to its average volume of 6,846,385. The business has a 50 day moving average price of $13.84 and a 200-day moving average price of $15.87. V.F. Co. has a 12-month low of $11.91 and a 12-month high of $21.83. The company has a market capitalization of $4.83 billion, a P/E ratio of -6.31, a price-to-earnings-growth ratio of 1.39 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 issued its earnings results on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The company had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $3.24 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. V.F.'s revenue for the quarter was down 16.2% on a year-over-year basis. As a group, sell-side analysts anticipate that V.F. Co. will post 1.11 EPS for the current year.

Insider Transactions at V.F.

In other news, Director Juliana L. Chugg purchased 11,301 shares of the company's stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the transaction, the director now directly owns 26,301 shares in the company, valued at approximately $461,582.55. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

VFC has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of V.F. from $17.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 7th. Stifel Nicolaus reissued a "buy" rating and issued a $22.00 target price on shares of V.F. in a report on Tuesday, April 9th. Telsey Advisory Group restated an "outperform" rating and set a $22.00 price target on shares of V.F. in a research note on Tuesday, January 30th. JPMorgan Chase & Co. reduced their price objective on V.F. from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, April 8th. Finally, StockNews.com upgraded shares of V.F. from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.88.

About V.F.

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.