Clarus Wealth Advisors Trims Position in VF Corp (VFC)

Clarus Wealth Advisors lessened its position in shares of VF Corp (NYSE:VFC) by 19.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,153 shares of the textile maker’s stock after selling 522 shares during the quarter. Clarus Wealth Advisors’ holdings in VF were worth $154,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Destination Wealth Management increased its position in VF by 365.2% during the fourth quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 336 shares during the last quarter. Reilly Financial Advisors LLC grew its holdings in VF by 99.1% during the fourth quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 219 shares during the period. Sonora Investment Management LLC grew its holdings in VF by 69.5% during the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 182 shares during the period. Bell Rock Capital LLC grew its holdings in VF by 433.8% during the fourth quarter. Bell Rock Capital LLC now owns 806 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 655 shares during the period. Finally, IMS Capital Management bought a new stake in VF during the third quarter valued at about $116,000.

In related news, Director W Alan Mccollough sold 12,552 shares of the stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $83.20, for a total transaction of $1,044,326.40. Following the completion of the transaction, the director now directly owns 27,742 shares of the company’s stock, valued at $2,308,134.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Curtis A. Holtz sold 24,926 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $85.75, for a total value of $2,137,404.50. Following the transaction, the vice president now directly owns 61,433 shares of the company’s stock, valued at $5,267,879.75. The disclosure for this sale can be found here. Corporate insiders own 1.72% of the company’s stock.

Several analysts have issued reports on VFC shares. Credit Suisse Group reissued a “positive” rating on shares of VF in a report on Wednesday, January 16th. ValuEngine raised VF from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Deutsche Bank lowered VF from a “buy” rating to a “hold” rating and cut their price target for the company from $104.00 to $76.00 in a report on Friday, January 11th. Pivotal Research reissued a “hold” rating and set a $78.00 price target (down previously from $85.00) on shares of VF in a report on Wednesday, January 16th. Finally, Buckingham Research cut their price target on VF from $89.00 to $86.00 and set a “neutral” rating for the company in a report on Wednesday, October 17th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $91.91.

NYSE VFC opened at $86.64 on Wednesday. The stock has a market capitalization of $33.82 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.07. VF Corp has a twelve month low of $67.18 and a twelve month high of $97.00.

VF (NYSE:VFC) last released its quarterly earnings data on Friday, January 18th. The textile maker reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.87 billion. VF had a return on equity of 38.84% and a net margin of 10.11%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. Equities research analysts predict that VF Corp will post 3.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 8th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, March 7th. VF’s dividend payout ratio (DPR) is 68.46%.

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VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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