Future Financial Wealth Managment LLC Acquires Shares of 2,000 VF Corporation (NYSE:VFC)

Future Financial Wealth Managment LLC bought a new position in VF Corporation (NYSE:VFC) in the third quarter, HoldingsChannel.com reports. The fund bought 2,000 shares of the textile maker’s stock, valued at approximately $40,000.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC lifted its stake in shares of VF by 8.9% during the second quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker’s stock valued at $146,000 after acquiring an additional 879 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after buying an additional 895 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in VF by 0.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 106,281 shares of the textile maker’s stock valued at $1,630,000 after buying an additional 959 shares during the period. Royal London Asset Management Ltd. boosted its stake in VF by 0.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 137,480 shares of the textile maker’s stock valued at $2,585,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Partnership Wealth Management LLC grew its holdings in VF by 0.7% during the 1st quarter. Partnership Wealth Management LLC now owns 158,634 shares of the textile maker’s stock worth $2,433,000 after acquiring an additional 1,170 shares during the period. 86.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. BMO Capital Markets raised their price target on shares of VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Citigroup raised shares of VF from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.00 to $20.00 in a research note on Thursday, July 18th. Argus raised shares of VF to a “hold” rating in a research note on Wednesday, August 28th. Finally, Robert W. Baird raised their price target on shares of VF from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.41.

VF Stock Performance

Shares of VFC stock opened at $20.26 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. VF Corporation has a 52 week low of $11.00 and a 52 week high of $21.40. The company has a 50-day simple moving average of $18.10 and a 200 day simple moving average of $15.17.

VF (NYSE:VFC) last posted its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.04. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. As a group, equities analysts forecast that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were given a $0.09 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.78%. VF’s payout ratio is presently -11.92%.

Insider Buying and Selling

In other VF news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now directly owns 230,178 shares in the company, valued at approximately $3,843,972.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by insiders.

VF 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.