Fiduciary Alliance LLC Decreases Stock Position in V.F. Corporation $VFC

Fiduciary Alliance LLC decreased its position in V.F. Corporation (NYSE:VFC) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 589,793 shares of the textile maker’s stock after selling 57,703 shares during the quarter. Fiduciary Alliance LLC owned 0.15% of V.F. worth $10,021,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VFC. Segall Bryant & Hamill LLC boosted its stake in shares of V.F. by 43.4% in the third quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after purchasing an additional 1,495,148 shares during the period. Russell Investments Group Ltd. increased its stake in V.F. by 14.0% during the 4th quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock worth $11,930,000 after buying an additional 81,006 shares during the period. New York State Common Retirement Fund increased its stake in V.F. by 0.8% during the 4th quarter. New York State Common Retirement Fund now owns 540,861 shares of the textile maker’s stock worth $9,779,000 after buying an additional 4,249 shares during the period. Handelsbanken Fonder AB lifted its holdings in V.F. by 19.1% in the 4th quarter. Handelsbanken Fonder AB now owns 112,000 shares of the textile maker’s stock worth $2,025,000 after buying an additional 18,000 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in V.F. by 28.0% in the 4th quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker’s stock worth $1,643,000 after buying an additional 19,880 shares in the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at V.F.

In other news, Director Richard Carucci bought 30,000 shares of V.F. stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $17.17 per share, with a total value of $515,100.00. Following the acquisition, the director directly owned 336,043 shares in the company, valued at approximately $5,769,858.31. This represents a 9.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VFC has been the subject of several recent analyst reports. BTIG Research upgraded V.F. from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, May 6th. Citigroup assumed coverage on V.F. in a research note on Thursday, May 21st. They issued a “neutral” rating and a $18.00 price target on the stock. Zacks Research downgraded V.F. from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Evercore set a $18.00 price objective on V.F. in a research note on Thursday, May 21st. Finally, Wall Street Zen upgraded V.F. from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, V.F. currently has a consensus rating of “Hold” and an average price target of $18.58.

V.F. Price Performance

Shares of VFC stock opened at $17.21 on Thursday. The firm has a fifty day moving average of $17.92 and a two-hundred day moving average of $18.42. The firm has a market cap of $6.75 billion, a P/E ratio of 26.89, a P/E/G ratio of 1.36 and a beta of 1.57. V.F. Corporation has a 1-year low of $11.10 and a 1-year high of $22.27. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.84 and a quick ratio of 1.21.

V.F. (NYSE:VFC) last issued its earnings results on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.28). V.F. had a net margin of 2.65% and a return on equity of 21.05%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the company posted ($0.13) EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research analysts anticipate that V.F. Corporation will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.36 annualized dividend and a yield of 2.1%. V.F.’s dividend payout ratio is presently 56.25%.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.