V.F. Corporation (NYSE:VFC) Announces Quarterly Dividend of $0.09

Key Points

• V.F. Corporation has declared a quarterly dividend of $0.09 per share, corresponding to an annualized dividend of $0.36 and a yield of 2.89%.
• The company reported a loss of ($0.24) earnings per share for the last quarter, exceeding analysts' estimates of ($0.33).
• V.F. has a current market cap of $4.85 billion and is rated as a "Hold" by most analysts, with a consensus target price of $16.21.

V.F. Corporation (NYSE:VFC - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Wednesday, September 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, September 18th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, September 10th.

V.F. has a dividend payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect V.F. to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 33.6%.

V.F. Trading Down 1.6%

Shares of NYSE:VFC traded down $0.19 during trading on Friday, reaching $11.53. 3,119,439 shares of the stock were exchanged, compared to its average volume of 8,754,040. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.80 and a current ratio of 1.27. V.F. has a 12-month low of $9.41 and a 12-month high of $29.02. The firm's 50-day moving average price is $12.35 and its 200 day moving average price is $16.11. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of -88.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.66.

V.F. (NYSE:VFC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The textile maker reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.11. V.F. had a negative net margin of 0.50% and a positive return on equity of 22.77%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the firm posted ($0.33) EPS. The firm's quarterly revenue was down 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that V.F. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at V.F.

In other news, insider Bracken Darrell acquired 85,840 shares of the stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $11.73 per share, for a total transaction of $1,006,903.20. Following the transaction, the insider directly owned 295,406 shares of the company's stock, valued at approximately $3,465,112.38. This represents a 40.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Carucci bought 50,000 shares of the 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 completion of the acquisition, the director directly owned 280,282 shares of the company's stock, valued at approximately $3,377,398.10. This trade represents a 21.71% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 185,840 shares of company stock worth $2,198,403. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in V.F. by 94.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker's stock worth $58,000 after purchasing an additional 2,421 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of V.F. during the 1st quarter worth about $350,000. Entropy Technologies LP bought a new position in V.F. in the first quarter worth approximately $749,000. Amalgamated Bank lifted its holdings in shares of V.F. by 46.2% in the 1st quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock worth $2,365,000 after purchasing an additional 48,151 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of V.F. by 11.1% during the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock valued at $4,306,000 after buying an additional 27,727 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

About V.F.

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.