Principal Financial Group Inc. Has $5.82 Million Stake in V.F. Co. (NYSE:VFC)

Principal Financial Group Inc. grew its position in V.F. Co. (NYSE:VFC) by 1.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 379,427 shares of the textile maker’s stock after purchasing an additional 5,586 shares during the period. Principal Financial Group Inc.’s holdings in V.F. were worth $5,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. grew its position in V.F. by 5.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock worth $216,000 after buying an additional 633 shares in the last quarter. Arizona State Retirement System grew its position in V.F. by 0.8% during the fourth 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 grew its position in V.F. by 28.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock worth $61,000 after buying an additional 715 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in V.F. by 0.5% during 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 last quarter. Finally, Yousif Capital Management LLC lifted its stake in V.F. by 1.5% during the fourth quarter. Yousif Capital Management LLC now owns 59,928 shares of the textile maker’s stock worth $1,127,000 after purchasing an additional 857 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

VFC has been the subject of several recent analyst reports. Wells Fargo & Company cut their target price on V.F. from $14.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, May 23rd. Stifel Nicolaus cut their target price on V.F. from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Barclays dropped their price target on V.F. from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Telsey Advisory Group reiterated a “market perform” rating and issued a $13.00 price target (down from $18.00) on shares of V.F. in a research note on Thursday, May 23rd. Finally, Wedbush dropped their price target on V.F. from $15.50 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, May 21st. 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. Based on data from MarketBeat, V.F. presently has a consensus rating of “Hold” and a consensus target price of $13.06.

V.F. Stock Performance

Shares of V.F. stock traded down $0.06 during mid-day trading on Friday, hitting $12.94. 1,042,714 shares of the stock were exchanged, compared to its average volume of 8,795,883. V.F. Co. has a 12 month low of $11.00 and a 12 month high of $21.17. The company has a 50-day simple moving average of $13.06 and a 200 day simple moving average of $14.86. 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 company has a market capitalization of $5.03 billion, a P/E ratio of -5.20, a P/E/G ratio of 1.00 and a beta of 1.53.

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

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.78%. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

About V.F.

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.