FourThought Financial LLC Sells 62,219 Shares of V.F. Co. (NYSE:VFC)

FourThought Financial LLC lowered its position in V.F. Co. (NYSE:VFC – Get Rating) by 92.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,799 shares of the textile maker’s stock after selling 62,219 shares during the quarter. FourThought Financial LLC’s holdings in V.F. were worth $144,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its holdings in shares of V.F. by 389.7% in the third quarter. Hexagon Capital Partners LLC now owns 1,043 shares of the textile maker’s stock worth $31,000 after purchasing an additional 830 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of V.F. by 138.8% in the third quarter. Tower Research Capital LLC TRC now owns 65,650 shares of the textile maker’s stock worth $1,964,000 after purchasing an additional 38,160 shares during the period. Toronto Dominion Bank increased its holdings in shares of V.F. by 13.2% in the second quarter. Toronto Dominion Bank now owns 172,499 shares of the textile maker’s stock worth $7,619,000 after purchasing an additional 20,101 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in V.F. by 16.7% in 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 in the last quarter. Finally, Cibc World Market Inc. grew its position in V.F. by 119.8% in 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 in the last quarter. Institutional investors own 96.89% of the company’s stock.

V.F. Stock Up 0.1 %

Shares of V.F. stock opened at $21.42 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.58 and a current ratio of 1.15. V.F. Co. has a 52-week low of $20.14 and a 52-week high of $60.09. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 3.14 and a beta of 1.43. The company’s 50 day moving average price is $27.16 and its 200-day moving average price is $30.19.

V.F. (NYSE:VFC – Get Rating) last issued its earnings results on Tuesday, February 7th. The textile maker reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.13. V.F. had a net margin of 3.54% and a return on equity of 27.87%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter last year, the business earned $1.35 earnings per share. The business’s revenue was down 2.6% on a year-over-year basis. Equities research analysts forecast that V.F. Co. will post 2.08 EPS for the current year.

V.F. Cuts Dividend

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

Analyst Upgrades and Downgrades

VFC has been the subject of several research reports. Robert W. Baird cut their target price on shares of V.F. from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, February 9th. BTIG Research reiterated a “neutral” rating on shares of V.F. in a research report on Tuesday, February 7th. Stifel Nicolaus upgraded shares of V.F. from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, February 10th. JPMorgan Chase & Co. cut their target price on shares of V.F. from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, February 8th. Finally, UBS Group cut their target price on shares of V.F. from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, December 6th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $32.56.

Insider Buying and Selling

In other V.F. 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 bought at an average price of $21.07 per share, with a total value of $149,786.63. Following the completion of the purchase, the director now directly owns 7,109 shares of the company’s stock, valued at approximately $149,786.63. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other V.F. 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 bought at an average price of $21.07 per share, with a total value of $149,786.63. Following the completion of the purchase, the director now directly owns 7,109 shares of the company’s stock, valued at approximately $149,786.63. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 stock was acquired at an average cost of $26.69 per share, with a total value of $400,350.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at $400,350. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by insiders.

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.