Insider Buying: VF Corporation (NYSE:VFC) Insider Buys 85,840 Shares of Stock

VF Corporation (NYSE:VFC - Get Free Report) insider Bracken Darrell acquired 85,840 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $11.73 per share, with a total value of $1,006,903.20. Following the completion of the transaction, the insider now owns 295,406 shares of the company's stock, valued at approximately $3,465,112.38. This trade represents a 40.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

VF Stock Performance

Shares of VFC stock traded down $0.33 during trading on Thursday, reaching $12.85. 7,571,285 shares of the company's stock were exchanged, compared to its average volume of 7,861,454. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $5.01 billion, a PE ratio of -10.80, a PEG ratio of 6.77 and a beta of 1.68. VF Corporation has a twelve month low of $9.41 and a twelve month high of $29.02. The firm's fifty day moving average price is $12.84 and its 200-day moving average price is $18.88.

VF (NYSE:VFC - Get Free Report) last posted its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. The business 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 revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.32) EPS. As a group, sell-side analysts anticipate that VF Corporation will post 0.73 EPS for the current year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 10th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.36 annualized dividend and a yield of 2.80%. VF's dividend payout ratio (DPR) is presently -72.00%.

Analyst Upgrades and Downgrades

VFC has been the topic of a number of recent analyst reports. Robert W. Baird reduced their target price on VF from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Telsey Advisory Group set a $14.00 target price on VF in a report on Thursday, May 22nd. BMO Capital Markets set a $15.00 price objective on VF and gave the company a "market perform" rating in a report on Thursday, May 22nd. Wall Street Zen cut VF from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, The Goldman Sachs Group cut their price objective on VF from $25.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Sixteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, VF currently has an average rating of "Hold" and an average price target of $16.21.

Institutional Trading of VF

Several institutional investors have recently added to or reduced their stakes in VFC. CKW Financial Group boosted its stake in VF by 29.4% in the 4th 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 during the period. SG Americas Securities LLC bought a new stake in shares of VF during the 1st quarter valued at $350,000. Entropy Technologies LP bought a new stake in shares of VF during the 1st quarter valued at $749,000. Amalgamated Bank lifted its position in shares of 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 acquiring an additional 48,151 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of 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 acquiring an additional 27,727 shares during the period. 86.84% of the stock is currently owned by institutional investors.

VF Company Profile

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.