Verity & Verity LLC Boosts Stock Position in V.F. Co. (NYSE:VFC)

Verity & Verity LLC raised its stake in V.F. Co. (NYSE:VFC – Get Rating) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,558 shares of the textile maker’s stock after purchasing an additional 4,022 shares during the period. Verity & Verity LLC’s holdings in V.F. were worth $3,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its stake in V.F. by 389.7% in the third quarter. Hexagon Capital Partners LLC now owns 1,043 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 830 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of V.F. by 138.8% during the third quarter. Tower Research Capital LLC TRC now owns 65,650 shares of the textile maker’s stock worth $1,964,000 after acquiring an additional 38,160 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of V.F. by 13.2% during the second quarter. Toronto Dominion Bank now owns 172,499 shares of the textile maker’s stock worth $7,619,000 after acquiring an additional 20,101 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its stake in shares of V.F. by 16.7% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 22,213 shares of the textile maker’s stock worth $664,000 after acquiring an additional 3,186 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of V.F. by 119.8% during the second quarter. Cibc World Market Inc. now owns 13,386 shares of the textile maker’s stock worth $591,000 after acquiring an additional 7,296 shares during the last quarter. Hedge funds and other institutional investors own 96.89% of the company’s stock.

V.F. Trading Up 0.1 %

Shares of NYSE:VFC opened at $21.42 on Friday. V.F. Co. has a 12-month low of $20.14 and a 12-month high of $60.09. The company has a market capitalization of $8.33 billion, a PE ratio of 20.02, a PEG ratio of 3.24 and a beta of 1.43. The business has a 50 day moving average of $27.16 and a two-hundred day moving average of $30.11. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.39.

V.F. (NYSE:VFC – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The textile maker reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.13. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.49 billion. V.F. had a return on equity of 27.87% and a net margin of 3.54%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 earnings per share. As a group, analysts forecast that V.F. Co. will post 2.08 EPS for the current year.

V.F. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Friday, March 10th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Thursday, March 9th. V.F.’s dividend payout ratio (DPR) is presently 112.15%.

Insider Activity

In other V.F. news, Director Juliana L. Chugg acquired 15,000 shares of the business’s stock in a transaction dated Monday, February 13th. The stock was acquired at an average cost of $26.69 per share, for a total transaction of $400,350.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $400,350. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Carol L. Roberts purchased 7,109 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average cost of $21.07 per share, for a total transaction of $149,786.63. Following the completion of the transaction, the director now owns 7,109 shares of the company’s stock, valued at $149,786.63. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juliana L. Chugg purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were purchased at an average price of $26.69 per share, with a total value of $400,350.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $400,350. The disclosure for this purchase can be found here. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VFC shares. OTR Global restated a “negative” rating on shares of V.F. in a research note on Friday, January 20th. Wells Fargo & Company lowered V.F. from an “equal weight” rating to an “underweight” rating and set a $24.00 price target on the stock. in a research note on Friday, January 6th. Robert W. Baird dropped their price target on V.F. from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, February 9th. Stifel Nicolaus raised V.F. from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, February 10th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of V.F. in a report on Tuesday, February 7th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, V.F. has an average rating of “Hold” and an average target price of $32.56.

About V.F.

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VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.