Amalgamated Bank Purchases 412 Shares of V.F. Co. (NYSE:VFC)

Amalgamated Bank grew its stake in V.F. Co. (NYSE:VFCGet Rating) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,552 shares of the textile maker’s stock after purchasing an additional 412 shares during the period. Amalgamated Bank’s holdings in V.F. were worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Citigroup Inc. grew its stake in shares of V.F. by 135.4% in the 1st quarter. Citigroup Inc. now owns 350,763 shares of the textile maker’s stock valued at $19,944,000 after purchasing an additional 201,744 shares during the period. Cetera Advisors LLC grew its stake in shares of V.F. by 88.0% in the 1st quarter. Cetera Advisors LLC now owns 6,204 shares of the textile maker’s stock valued at $353,000 after purchasing an additional 2,904 shares during the period. Samalin Investment Counsel LLC grew its stake in shares of V.F. by 63.8% in the 1st quarter. Samalin Investment Counsel LLC now owns 3,314 shares of the textile maker’s stock valued at $188,000 after purchasing an additional 1,291 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of V.F. by 3.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 49,541 shares of the textile maker’s stock valued at $2,817,000 after purchasing an additional 1,504 shares during the period. Finally, Financial Advocates Investment Management grew its stake in shares of V.F. by 11.7% in the 1st quarter. Financial Advocates Investment Management now owns 12,343 shares of the textile maker’s stock valued at $702,000 after purchasing an additional 1,296 shares during the period. 87.01% of the stock is currently owned by institutional investors.

V.F. Stock Performance

VFC stock opened at $38.39 on Wednesday. The business’s fifty day moving average is $44.41 and its 200-day moving average is $48.69. The company has a quick ratio of 0.66, a current ratio of 1.33 and a debt-to-equity ratio of 1.33. The company has a market cap of $14.91 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35. V.F. Co. has a twelve month low of $38.06 and a twelve month high of $78.91.

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Monday, September 12th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend was Friday, September 9th. V.F.’s dividend payout ratio (DPR) is currently 77.82%.

Insider Activity

In related news, Director Richard Carucci purchased 10,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were bought at an average price of $41.44 per share, with a total value of $414,400.00. Following the purchase, the director now directly owns 115,528 shares in the company, valued at approximately $4,787,480.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Richard Carucci acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average price of $41.44 per share, for a total transaction of $414,400.00. Following the transaction, the director now directly owns 115,528 shares in the company, valued at $4,787,480.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Rodney Mcmullen acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average price of $44.76 per share, with a total value of $268,560.00. Following the transaction, the director now owns 34,146 shares in the company, valued at $1,528,374.96. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on V.F. from $47.00 to $44.00 in a research note on Friday, September 16th. Telsey Advisory Group reduced their target price on V.F. from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Cowen downgraded V.F. from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $52.00 to $50.00 in a report on Monday, August 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on V.F. from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Finally, Cowen downgraded V.F. from an “outperform” rating to a “market perform” rating in a report on Monday, August 22nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.44.

V.F. Profile

(Get Rating)

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.

See Also

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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