VF (NYSE:VFC) Shares Gap Up Following Insider Buying Activity

VF Corporation (NYSE:VFC - Get Free Report) gapped up prior to trading on Tuesday after an insider bought additional shares in the company. The stock had previously closed at $12.00, but opened at $12.69. VF shares last traded at $12.95, with a volume of 1,694,213 shares trading hands.

Specifically, insider Bracken Darrell purchased 85,840 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $11.73 per share, for a total transaction of $1,006,903.20. Following the completion of the transaction, the insider now owns 295,406 shares in the company, 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 SEC, which is available through this link. Also, EVP Abhishek Dalmia purchased 50,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $11.78 per share, with a total value of $589,000.00. Following the completion of the transaction, the executive vice president now owns 380,614 shares of the company's stock, valued at $4,483,632.92. This represents a 15.12% increase in their position. The disclosure for this purchase can be found here. In other VF news, Director Richard Carucci purchased 50,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $12.05 per share, for a total transaction of $602,500.00. Following the completion of the transaction, the director now owns 280,282 shares in the company, valued at approximately $3,377,398.10. This represents a 21.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of VF from $25.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. BNP Paribas restated a "neutral" rating on shares of VF in a research report on Thursday, May 22nd. BMO Capital Markets set a $15.00 price objective on shares of VF and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Wells Fargo & Company lowered their price objective on shares of VF from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Finally, UBS Group boosted their price objective on shares of VF from $12.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Sixteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $16.21.

VF Trading Down 3.0%

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 company has a market cap of $4.85 billion, a P/E ratio of -10.47, a PEG ratio of 6.77 and a beta of 1.68. The firm's 50 day moving average is $12.67 and its two-hundred day moving average is $18.77.

VF (NYSE:VFC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. VF's revenue for the quarter was down 4.6% on a year-over-year basis. As a group, equities research analysts anticipate that VF Corporation will post 0.73 EPS for the current year.

VF Dividend Announcement

The firm also recently disclosed 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 dividend yield of 2.89%. VF's dividend payout ratio is -72.00%.

Institutional Trading of VF

Institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC grew its stake in shares of VF by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after purchasing an additional 211,440 shares during the last quarter. Russell Investments Group Ltd. boosted its position in VF 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 acquiring an additional 27,727 shares during the last quarter. Entropy Technologies LP bought a new stake in VF during the first quarter valued at $749,000. Amalgamated Bank boosted its position in VF by 46.2% during the first 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 last quarter. Finally, SG Americas Securities LLC bought a new stake in VF during the first quarter valued at $350,000. Institutional investors own 86.84% of the company's stock.

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.