Counterpoint Mutual Funds LLC Invests $265,000 in V.F. Co. (NYSE:VFC)

Counterpoint Mutual Funds LLC purchased a new stake in V.F. Co. (NYSE:VFC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,307 shares of the textile maker’s stock, valued at approximately $265,000.

A number of other large investors have also added to or reduced their stakes in the business. Wolff Wiese Magana LLC lifted its holdings in V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after purchasing an additional 1,276 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of V.F. during the fourth quarter worth $25,000. Mather Group LLC. bought a new stake in shares of V.F. in the first quarter valued at about $27,000. Allworth Financial LP grew 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 valued at $34,000 after acquiring an additional 958 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in V.F. during the fourth quarter worth about $39,000. Institutional investors own 86.84% of the company’s stock.

V.F. Trading Down 3.9 %

Shares of VFC stock traded down $0.58 on Tuesday, hitting $14.13. The company had a trading volume of 7,754,395 shares, compared to its average volume of 8,998,488. The stock’s 50-day moving average is $12.99 and its two-hundred day moving average is $15.08. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22. The firm has a market cap of $5.50 billion, a P/E ratio of -5.65, a P/E/G ratio of 1.10 and a beta of 1.53. V.F. Co. has a twelve month low of $11.00 and a twelve month high of $21.17.

V.F. (NYSE:VFC) last released its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm 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 firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. On average, equities research analysts anticipate that V.F. Co. will post 0.85 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, June 10th. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

Analyst Upgrades and Downgrades

VFC has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of V.F. from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. UBS Group dropped their price objective on V.F. from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. JPMorgan Chase & Co. reduced their target price on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 8th. BMO Capital Markets dropped their price target on V.F. from $18.00 to $13.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd. Finally, Bank of America reduced their price objective on shares of V.F. from $13.00 to $11.00 and set an “underperform” rating on the stock in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, V.F. has a consensus rating of “Hold” and a consensus price target of $13.06.

Insider Activity at V.F.

In related news, insider Bracken Darrell acquired 75,200 shares of the stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $13.26 per share, for a total transaction of $997,152.00. Following the purchase, the insider now directly owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Richard Carucci acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was purchased at an average price of $13.78 per share, for a total transaction of $344,500.00. Following the completion of the acquisition, the director now directly owns 215,130 shares in the company, valued at approximately $2,964,491.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bracken Darrell purchased 75,200 shares of V.F. stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of $13.26 per share, with a total value of $997,152.00. Following the transaction, the insider now owns 219,972 shares in the company, valued at approximately $2,916,828.72. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate insiders.

V.F. 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.