Oarsman Capital Inc. Sells 1,840 Shares of V.F. Co. (NYSE:VFC)

Oarsman Capital Inc. lowered its stake in V.F. Co. (NYSE:VFC) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,659 shares of the textile maker’s stock after selling 1,840 shares during the period. Oarsman Capital Inc.’s holdings in V.F. were worth $203,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd grew its position in shares of V.F. by 106.9% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,131 shares of the textile maker’s stock worth $64,000 after buying an additional 17,451 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in V.F. by 213.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,737 shares of the textile maker’s stock worth $40,000 after purchasing an additional 1,183 shares during the period. Chilton Capital Management LLC bought a new position in shares of V.F. during the first quarter valued at approximately $46,000. V Square Quantitative Management LLC purchased a new position in shares of V.F. during the second quarter valued at approximately $43,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of V.F. in the 4th quarter worth approximately $67,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

V.F. Price Performance

Shares of VFC traded up $0.02 during mid-day trading on Friday, reaching $17.21. The stock had a trading volume of 7,875,705 shares, compared to its average volume of 11,479,804. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of -31.29, a PEG ratio of 1.67 and a beta of 1.47. V.F. Co. has a 12 month low of $12.85 and a 12 month high of $34.44. The business has a fifty day moving average of $16.74 and a 200 day moving average of $18.56. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.78 and a current ratio of 1.48.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Monday, October 30th. The textile maker reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.99 billion. V.F. had a negative net margin of 1.89% and a positive return on equity of 24.58%. V.F.’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. Equities analysts predict that V.F. Co. will post 1.56 EPS for the current year.

V.F. Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 11th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, December 8th. V.F.’s payout ratio is currently -218.18%.

Insider Buying and Selling

In related news, Director Matthew J. Shattock purchased 20,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were acquired at an average price of $14.58 per share, for a total transaction of $291,600.00. Following the purchase, the director now directly owns 40,000 shares in the company, valued at $583,200. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Telsey Advisory Group dropped their target price on V.F. from $27.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Stifel Nicolaus reduced their price objective on shares of V.F. from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. StockNews.com started coverage on shares of V.F. in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Piper Sandler reduced their price target on shares of V.F. from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, October 31st. Finally, BMO Capital Markets cut their target price on V.F. from $22.00 to $18.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, V.F. has an average rating of “Hold” and an average target price of $20.59.

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.