Insider Buying: V.F. Co. (NYSE:VFC) Director Buys $344,500.00 in Stock

V.F. Co. (NYSE:VFC) Director Richard Carucci bought 25,000 shares of the stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of $13.78 per share, with a total value of $344,500.00. Following the acquisition, the director now owns 215,130 shares in the company, valued at approximately $2,964,491.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

V.F. Stock Performance

V.F. stock opened at $13.64 on Friday. V.F. Co. has a 52 week low of $11.00 and a 52 week high of $21.17. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 2.84. The stock has a 50-day simple moving average of $12.84 and a 200 day simple moving average of $15.29.

V.F. (NYSE:VFC) last posted its quarterly 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 13.14% and a negative net margin of 9.27%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the business posted $0.17 EPS. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, sell-side analysts forecast that V.F. Co. will post 0.85 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors 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 2.64%. The ex-dividend date of this dividend is Monday, June 10th. V.F.’s payout ratio is currently -14.40%.

Analyst Ratings Changes

A number of equities analysts have issued reports on VFC shares. Telsey Advisory Group reiterated a “market perform” rating and set a $13.00 target price (down previously from $18.00) on shares of V.F. in a report on Thursday, May 23rd. Barclays lowered their target price on V.F. from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. The Goldman Sachs Group lowered their target price on V.F. from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. BNP Paribas reiterated a “neutral” rating and set a $14.00 target price (down previously from $18.00) on shares of V.F. in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. lowered their target price on V.F. from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.06.

Institutional Investors Weigh In On V.F.

Several hedge funds have recently bought and sold shares of VFC. Wolff Wiese Magana LLC lifted its position in V.F. by 2,835.6% during 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 stake in V.F. during the fourth quarter worth approximately $25,000. Mather Group LLC. acquired a new stake in V.F. during the first quarter worth approximately $27,000. Future Financial Wealth Managment LLC acquired a new stake in V.F. during the first quarter worth approximately $31,000. Finally, Allworth Financial LP lifted its position in V.F. by 111.5% during 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. 86.84% of the stock is currently owned by institutional investors and hedge funds.

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 accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.