V.F. Co. (NYSE:VFC) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its stake in shares of V.F. Co. (NYSE:VFC) by 14.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 36,660 shares of the textile maker’s stock after selling 5,960 shares during the period. HM Payson & Co.’s holdings in V.F. were worth $562,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its holdings in shares of 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. Fifth Third Bancorp grew its holdings in shares of V.F. by 6.2% during the fourth quarter. Fifth Third Bancorp now owns 33,071 shares of the textile maker’s stock worth $622,000 after buying an additional 1,942 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of V.F. during the fourth quarter worth $234,000. Arizona State Retirement System grew its holdings in shares of 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. Finally, International Assets Investment Management LLC grew its holdings in shares of V.F. by 1,754.4% during the fourth quarter. International Assets Investment Management LLC now owns 29,393 shares of the textile maker’s stock worth $553,000 after buying an additional 27,808 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard Carucci bought 25,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were purchased at an average cost of $13.78 per share, with a total value of $344,500.00. Following the completion of the acquisition, the director now directly owns 215,130 shares in the company, valued at $2,964,491.40. The transaction was disclosed in a legal filing 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 firm’s stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the transaction, the insider now owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Carucci acquired 25,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average price of $13.78 per share, with a total value of $344,500.00. Following the completion of the transaction, the director now directly owns 215,130 shares in the company, valued at approximately $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. Stock Down 2.9 %

VFC traded down $0.48 during trading hours on Friday, hitting $16.06. 11,212,607 shares of the stock were exchanged, compared to its average volume of 7,292,951. The stock has a 50-day simple moving average of $14.16 and a 200-day simple moving average of $14.45. V.F. Co. has a 12 month low of $11.00 and a 12 month high of $21.17. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22.

V.F. (NYSE:VFC) last announced its quarterly earnings data 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 last year, the business earned $0.17 earnings per share. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. Sell-side analysts anticipate that V.F. Co. will post 0.85 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Monday, June 10th. V.F.’s payout ratio is currently -14.40%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VFC. Wedbush reissued a “neutral” rating and issued a $13.00 price objective on shares of V.F. in a report on Thursday, July 18th. TD Cowen reduced their price target on shares of V.F. from $14.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, May 23rd. JPMorgan Chase & Co. reduced their target price on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 8th. StockNews.com cut shares of V.F. from a “hold” rating to a “sell” rating in a report on Monday, May 27th. Finally, BMO Capital Markets dropped their price target on shares of V.F. from $18.00 to $13.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, V.F. currently has a consensus rating of “Hold” and an average target price of $14.19.

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.