Teachers Retirement System of The State of Kentucky Sells 123,963 Shares of V.F. Co. (NYSE:VFC)

Teachers Retirement System of The State of Kentucky cut its stake in shares of V.F. Co. (NYSE:VFCGet Rating) by 84.3% in the 1st quarter, HoldingsChannel reports. The firm owned 23,005 shares of the textile maker’s stock after selling 123,963 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in V.F. were worth $1,308,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VFC. Landmark Wealth Management LLC purchased a new position in shares of V.F. during the first quarter worth approximately $40,000. Tompkins Financial Corp raised its stake in shares of V.F. by 981.4% during the first quarter. Tompkins Financial Corp now owns 465 shares of the textile maker’s stock worth $26,000 after acquiring an additional 422 shares in the last quarter. Cornerstone Advisory LLC purchased a new position in shares of V.F. during the fourth quarter worth approximately $40,000. Quent Capital LLC purchased a new position in shares of V.F. during the fourth quarter worth approximately $43,000. Finally, Tcwp LLC purchased a new position in shares of V.F. during the first quarter worth approximately $34,000. 87.01% of the stock is currently owned by institutional investors.

Insider Activity

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

V.F. Stock Performance

Shares of VFC stock opened at $36.43 on Friday. V.F. Co. has a 12 month low of $36.39 and a 12 month high of $78.91. The stock has a market cap of $14.15 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 1.73 and a beta of 1.35. The company has a current ratio of 1.33, a quick ratio of 0.66 and a debt-to-equity ratio of 1.33. The company’s fifty day moving average price is $43.94 and its 200-day moving average price is $48.43.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Monday, September 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend was Friday, September 9th. V.F.’s dividend payout ratio (DPR) is presently 77.82%.

Wall Street Analyst Weigh In

VFC has been the topic of several research reports. StockNews.com downgraded shares of V.F. from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Barclays decreased their target price on shares of V.F. to $46.00 in a research note on Tuesday, August 9th. JPMorgan Chase & Co. decreased their target price on shares of V.F. from $47.00 to $44.00 in a research note on Friday, September 16th. The Goldman Sachs Group decreased their target price on shares of V.F. from $40.00 to $35.00 and set a “sell” rating on the stock in a research note on Thursday, July 21st. Finally, Cowen downgraded shares of V.F. from an “outperform” rating to a “market perform” rating in a research note on Monday, August 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.44.

About V.F.

(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.

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

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