Piscataqua Savings Bank Trims Stock Position in V.F. Co. (NYSE:VFC)

Piscataqua Savings Bank reduced its position in shares of V.F. Co. (NYSE:VFC) by 17.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,148 shares of the textile maker’s stock after selling 1,090 shares during the period. Piscataqua Savings Bank’s holdings in V.F. were worth $98,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. boosted its position in shares of V.F. by 1,000.0% during the 1st quarter. North Star Investment Management Corp. now owns 1,320 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 1,200 shares during the last quarter. OLD Mission Capital LLC bought a new stake in V.F. during the fourth quarter valued at approximately $32,000. Hexagon Capital Partners LLC grew its stake in V.F. by 42.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,606 shares of the textile maker’s stock worth $37,000 after buying an additional 482 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of V.F. during the 1st quarter valued at $38,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of V.F. by 213.5% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,737 shares of the textile maker’s stock worth $40,000 after acquiring an additional 1,183 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

Analyst Ratings Changes

VFC has been the topic of a number of research analyst reports. Piper Sandler cut V.F. from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $28.00 to $20.00 in a research note on Monday. Citigroup cut their target price on V.F. from $22.00 to $20.00 in a research note on Wednesday, May 24th. StockNews.com started coverage on shares of V.F. in a research note on Thursday, August 17th. They set a “sell” rating on the stock. 888 reaffirmed a “maintains” rating on shares of V.F. in a research note on Monday, May 22nd. Finally, Barclays decreased their target price on shares of V.F. from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.74.

V.F. Price Performance

VFC stock opened at $17.33 on Tuesday. The firm has a 50-day moving average of $19.41 and a 200 day moving average of $20.31. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.37 and a quick ratio of 0.64. The company has a market cap of $6.74 billion, a P/E ratio of 57.77, a PEG ratio of 1.36 and a beta of 1.45. V.F. Co. has a 1 year low of $16.77 and a 1 year high of $40.56.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. V.F. had a return on equity of 24.13% and a net margin of 1.02%. V.F.’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. On average, sell-side analysts forecast that V.F. Co. will post 2.06 EPS for the current year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Monday, September 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.92%. The ex-dividend date is Friday, September 8th. V.F.’s dividend payout ratio is currently 400.01%.

V.F. Company Profile

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.