Wells Fargo & Company MN Buys 473,952 Shares of V.F. Co. (NYSE:VFC)

Wells Fargo & Company MN grew its holdings in V.F. Co. (NYSE:VFC - Free Report) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,281,957 shares of the textile maker's stock after purchasing an additional 473,952 shares during the period. Wells Fargo & Company MN owned approximately 1.10% of V.F. worth $80,501,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wolff Wiese Magana LLC increased its stake in shares of V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker's stock worth $25,000 after acquiring an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of V.F. in the fourth quarter worth $25,000. Allworth Financial LP increased its stake in shares of V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker's stock worth $34,000 after acquiring an additional 958 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of V.F. in the fourth quarter worth $39,000. Finally, ORG Partners LLC acquired a new position in shares of V.F. in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 86.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VFC shares. Citigroup dropped their price target on shares of V.F. from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday. UBS Group lowered their target price on shares of V.F. from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, February 5th. StockNews.com raised shares of V.F. from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Stifel Nicolaus lowered their target price on shares of V.F. from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Wedbush lowered their target price on shares of V.F. from $15.50 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $14.18.

V.F. Trading Up 3.0 %

VFC traded up $0.37 during trading on Friday, reaching $12.34. 20,000,628 shares of the company's stock were exchanged, compared to its average volume of 8,988,534. The company's fifty day moving average price is $13.29 and its 200-day moving average price is $15.65. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. V.F. Co. has a fifty-two week low of $11.00 and a fifty-two week high of $21.17. The firm has a market capitalization of $4.80 billion, a PE ratio of -4.69, a P/E/G ratio of 1.43 and a beta of 1.49.

V.F. (NYSE:VFC - Get Free Report) last released its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 12.18% and a negative net margin of 9.27%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm posted $0.17 EPS. V.F.'s revenue was down 13.4% on a year-over-year basis. As a group, equities analysts forecast that V.F. Co. will post 1.31 EPS for the current year.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Monday, June 10th. V.F.'s dividend payout ratio is presently -14.40%.

V.F. Company 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.