Commonwealth Equity Services LLC Raises Holdings in V.F. Co. (NYSE:VFC)

Commonwealth Equity Services LLC increased its position in V.F. Co. (NYSE:VFC) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,426 shares of the textile maker’s stock after buying an additional 14,205 shares during the quarter. Commonwealth Equity Services LLC’s holdings in V.F. were worth $2,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. raised its position in V.F. by 5.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock valued at $216,000 after purchasing an additional 633 shares during the period. Arizona State Retirement System grew its holdings in V.F. by 0.8% in the 4th quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock worth $1,708,000 after buying an additional 702 shares in the last quarter. Global Retirement Partners LLC lifted its position in V.F. by 28.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock worth $61,000 after purchasing an additional 715 shares during the period. Treasurer of the State of North Carolina lifted its position in V.F. by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock worth $2,713,000 after purchasing an additional 780 shares during the period. Finally, Yousif Capital Management LLC lifted its position in shares of V.F. by 1.5% during the 4th quarter. Yousif Capital Management LLC now owns 59,928 shares of the textile maker’s stock valued at $1,127,000 after acquiring an additional 857 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. BMO Capital Markets cut their price objective on V.F. from $18.00 to $13.00 and set a “market perform” rating for the company in a research report on Thursday, May 23rd. Robert W. Baird lowered their target price on shares of V.F. from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. JPMorgan Chase & Co. lowered their target price on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, April 8th. UBS Group lowered their target price on shares of V.F. from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Finally, StockNews.com downgraded shares of V.F. from a “hold” rating to a “sell” rating in a research report on Monday, May 27th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, V.F. has an average rating of “Hold” and an average target price of $13.06.

V.F. Stock Performance

Shares of V.F. stock traded down $0.11 during trading on Friday, hitting $12.89. 1,320,719 shares of the stock were exchanged, compared to its average volume of 8,798,055. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of -5.20, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53. The company has a fifty day moving average price of $13.06 and a 200-day moving average price of $14.86. V.F. Co. has a 1-year low of $11.00 and a 1-year 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.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm earned $0.17 EPS. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, equities analysts predict that V.F. Co. will post 0.85 EPS for the current fiscal year.

V.F. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Monday, June 10th. V.F.’s dividend payout ratio is -14.40%.

Insider Buying and Selling

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

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.