Investors Buy V.F. Corporation (VFC) on Weakness After Insider Selling

Investors purchased shares of V.F. Corporation (NYSE:VFC) on weakness during trading hours on Tuesday following insider selling activity. $87.08 million flowed into the stock on the tick-up and $26.04 million flowed out of the stock on the tick-down, for a money net flow of $61.04 million into the stock. Of all companies tracked, V.F. Corporation had the 12th highest net in-flow for the day. V.F. Corporation traded down ($0.26) for the day and closed at $69.65Specifically, VP Aidan O’meara sold 29,336 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $62.54, for a total transaction of $1,834,673.44. Following the transaction, the vice president now owns 120,680 shares of the company’s stock, valued at approximately $7,547,327.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Laura C. Meagher sold 14,036 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $70.57, for a total transaction of $990,520.52. Following the transaction, the insider now directly owns 48,178 shares in the company, valued at approximately $3,399,921.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 551,744 shares of company stock worth $35,605,258. Corporate insiders own 1.60% of the company’s stock.

Several research analysts have recently weighed in on VFC shares. Buckingham Research reissued a “neutral” rating and set a $55.00 price target on shares of V.F. Corporation in a research report on Monday, July 17th. Canaccord Genuity set a $53.00 price target on shares of V.F. Corporation and gave the company a “hold” rating in a research report on Monday, July 17th. TheStreet raised shares of V.F. Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, July 13th. UBS AG boosted their price target on shares of V.F. Corporation from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $70.00 target price (up previously from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. V.F. Corporation presently has an average rating of “Hold” and a consensus price target of $65.45.

The firm has a 50 day moving average price of $64.99 and a 200-day moving average price of $59.61. The stock has a market cap of $27.42 billion, a PE ratio of 26.57 and a beta of 0.77.

V.F. Corporation (NYSE:VFC) last announced its earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.40 billion. V.F. Corporation had a return on equity of 29.22% and a net margin of 8.24%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. Equities research analysts predict that V.F. Corporation will post $3.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, December 8th will be issued a dividend of $0.46 per share. This is an increase from V.F. Corporation’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, December 7th. V.F. Corporation’s dividend payout ratio (DPR) is presently 70.89%.

Several large investors have recently made changes to their positions in VFC. Orrstown Financial Services Inc. raised its holdings in shares of V.F. Corporation by 9.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock valued at $103,000 after buying an additional 150 shares during the period. Zions Bancorporation raised its holdings in shares of V.F. Corporation by 1.5% during the 1st quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock valued at $140,000 after buying an additional 38 shares during the period. Ronald Blue & Co. LLC purchased a new stake in shares of V.F. Corporation during the 2nd quarter valued at about $203,000. WASHINGTON TRUST Co purchased a new stake in shares of V.F. Corporation during the 3rd quarter valued at about $210,000. Finally, RNC Capital Management LLC raised its holdings in shares of V.F. Corporation by 1.5% during the 2nd quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock valued at $238,000 after buying an additional 60 shares during the period.

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V.F. Corporation Company Profile

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

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