Advisors Asset Management Inc. Makes New Investment in V.F. Co. (NYSE:VFC)

Advisors Asset Management Inc. acquired a new position in V.F. Co. (NYSE:VFCGet Rating) during the second quarter, HoldingsChannel reports. The institutional investor acquired 5,060 shares of the textile maker’s stock, valued at approximately $224,000.

Several other large investors have also recently modified their holdings of VFC. LS Investment Advisors LLC bought a new position in shares of V.F. during the 2nd quarter valued at approximately $25,000. Evoke Wealth LLC increased its position in shares of V.F. by 235.7% during the 2nd quarter. Evoke Wealth LLC now owns 574 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 403 shares during the last quarter. Tompkins Financial Corp grew its position in V.F. by 981.4% in the 1st quarter. Tompkins Financial Corp now owns 465 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 422 shares during the last quarter. Tcwp LLC bought a new position in V.F. in the 1st quarter valued at $34,000. Finally, First Horizon Advisors Inc. grew its position in V.F. by 359.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 809 shares of the textile maker’s stock valued at $35,000 after acquiring an additional 633 shares during the last quarter. Institutional investors own 87.01% of the company’s stock.

V.F. Price Performance

Shares of VFC stock opened at $33.08 on Monday. V.F. Co. has a 1-year low of $26.46 and a 1-year high of $78.17. The stock’s 50-day moving average is $31.84 and its 200 day moving average is $41.00. The company has a market cap of $12.85 billion, a P/E ratio of 30.63, a PEG ratio of 2.38 and a beta of 1.36. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.06 and a quick ratio of 0.55.

V.F. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Monday, December 12th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 6.17%. The ex-dividend date is Friday, December 9th. This is an increase from V.F.’s previous quarterly dividend of $0.50. V.F.’s dividend payout ratio (DPR) is currently 185.19%.

Analysts Set New Price Targets

Several equities analysts have commented on VFC shares. Wedbush cut their price objective on V.F. from $35.00 to $29.00 in a research report on Thursday, October 27th. Citigroup cut their price objective on V.F. from $47.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, September 29th. Barclays cut their price objective on V.F. from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft cut their price objective on V.F. from $56.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, September 30th. Finally, StockNews.com lowered V.F. from a “hold” rating to a “sell” rating in a research note on Friday, November 4th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.75.

Insiders Place Their Bets

In other V.F. news, Director Richard Carucci purchased 10,000 shares of the stock in a transaction on Friday, August 26th. The stock was acquired at an average price of $41.44 per share, with a total value of $414,400.00. Following the completion of the acquisition, the director now owns 115,528 shares in the company, valued at $4,787,480.32. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.90% of the company’s stock.

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.

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

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