V.F. Co. (NYSE:VFC) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its position in shares of V.F. Co. (NYSE:VFC) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 184,649 shares of the textile maker’s stock after selling 1,147 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in V.F. were worth $3,471,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in V.F. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after buying an additional 475,239 shares in the last quarter. Northern Trust Corp boosted its stake in shares of V.F. by 1.1% during the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock valued at $419,817,000 after acquiring an additional 257,992 shares during the last quarter. State Street Corp increased its position in V.F. by 0.9% during the 1st quarter. State Street Corp now owns 18,079,811 shares of the textile maker’s stock worth $1,028,018,000 after purchasing an additional 161,526 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in V.F. by 97,005.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,843,788 shares of the textile maker’s stock valued at $437,447,000 after purchasing an additional 15,827,472 shares during the last quarter. Finally, Guinness Asset Management LTD lifted its holdings in V.F. by 2.8% in the 3rd quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock valued at $135,306,000 after purchasing an additional 207,783 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. UBS Group cut their price objective on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. reduced their price target on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday. StockNews.com raised V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. The Goldman Sachs Group downgraded V.F. from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $14.00 in a research report on Wednesday, February 7th. Finally, Wedbush lowered their price target on V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.23.

Insider Transactions at V.F.

In other V.F. news, insider Bracken Darrell purchased 65,360 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $15.38 per share, with a total value of $1,005,236.80. Following the acquisition, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Juliana L. Chugg bought 11,301 shares of the company’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $17.55 per share, with a total value of $198,332.55. Following the completion of the transaction, the director now directly owns 26,301 shares of the company’s stock, valued at $461,582.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bracken Darrell purchased 65,360 shares of V.F. stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $15.38 per share, with a total value of $1,005,236.80. Following the acquisition, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

V.F. Price Performance

Shares of NYSE VFC opened at $13.95 on Wednesday. The stock has a fifty day moving average price of $15.52 and a 200 day moving average price of $16.54. V.F. Co. has a 12-month low of $12.85 and a 12-month high of $23.58. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25.

V.F. (NYSE:VFC) last announced its earnings results on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The business’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. On average, analysts expect that V.F. Co. will post 1.11 EPS for the current fiscal year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were paid a $0.09 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.58%. V.F.’s dividend payout ratio (DPR) is presently -18.27%.

About V.F.

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.