V.F. Co. (NYSE:VFC) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its stake in shares of V.F. Co. (NYSE:VFC – Get Rating) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,967 shares of the textile maker’s stock after selling 1,909 shares during the period. Fifth Third Bancorp’s holdings in V.F. were worth $448,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. LS Investment Advisors LLC acquired a new position in V.F. during the 2nd quarter worth $25,000. Evoke Wealth LLC boosted its holdings in shares of V.F. by 235.7% in the 2nd quarter. Evoke Wealth LLC now owns 574 shares of the textile maker’s stock valued at $25,000 after buying an additional 403 shares during the period. Private Trust Co. NA acquired a new position in shares of V.F. in the 2nd quarter valued at about $28,000. First Horizon Advisors Inc. boosted its holdings in shares of 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 buying an additional 633 shares during the period. Finally, Insight Inv LLC acquired a new position in shares of V.F. in the 2nd quarter valued at about $38,000. 96.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark Samuel Hoplamazian purchased 17,500 shares of the business’s stock in a transaction dated Friday, December 9th. The shares were acquired at an average price of $28.04 per share, for a total transaction of $490,700.00. Following the completion of the acquisition, the director now directly owns 28,655 shares of the company’s stock, valued at $803,486.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark Samuel Hoplamazian purchased 17,500 shares of the business’s stock in a transaction dated Friday, December 9th. The shares were acquired at an average price of $28.04 per share, for a total transaction of $490,700.00. Following the completion of the acquisition, the director now directly owns 28,655 shares of the company’s stock, valued at $803,486.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Benno O. Dorer acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were bought at an average cost of $28.50 per share, for a total transaction of $285,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $285,000. The disclosure for this purchase can be found here. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VFC shares. The Goldman Sachs Group decreased their price target on shares of V.F. from $30.00 to $26.00 and set a “sell” rating for the company in a report on Thursday, October 27th. Robert W. Baird lifted their price target on shares of V.F. from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, December 1st. BMO Capital Markets reduced their target price on shares of V.F. from $33.00 to $29.00 and set a “market perform” rating for the company in a research note on Thursday, October 27th. Wells Fargo & Company lowered shares of V.F. from an “equal weight” rating to an “underweight” rating and set a $24.00 target price for the company. in a research note on Friday, January 6th. Finally, StockNews.com lowered shares of V.F. from a “hold” rating to a “sell” rating in a research note on Friday, November 4th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $41.05.

V.F. Stock Up 1.4 %

NYSE VFC opened at $29.97 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.06 and a quick ratio of 0.55. The company’s 50 day simple moving average is $29.52 and its 200 day simple moving average is $36.22. V.F. Co. has a 12 month low of $25.05 and a 12 month high of $72.92. The company has a market capitalization of $11.65 billion, a P/E ratio of 27.75, a PEG ratio of 4.44 and a beta of 1.40.

V.F. (NYSE:VFC – Get Rating) last released its earnings results on Wednesday, October 26th. The textile maker reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). V.F. had a return on equity of 29.99% and a net margin of 3.60%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.10 billion. Equities research analysts expect that V.F. Co. will post 2.1 earnings per share for the current fiscal year.

V.F. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Monday, December 12th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, December 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.81%. This is a positive change from V.F.’s previous quarterly dividend of $0.50. V.F.’s payout ratio is currently 188.89%.

V.F. Company Profile

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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.