ORG Partners LLC Buys New Position in V.F. Co. (NYSE:VFC)

ORG Partners LLC bought a new position in shares of V.F. Co. (NYSE:VFC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,106 shares of the textile maker’s stock, valued at approximately $40,000.

A number of other hedge funds have also added to or reduced their stakes in VFC. Vanguard Group Inc. grew its position in shares of V.F. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after buying an additional 475,239 shares during the period. Northern Trust Corp boosted its stake in V.F. by 1.1% during the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after acquiring an additional 257,992 shares in the last quarter. State Street Corp grew its holdings in V.F. by 0.9% in the first 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 during the period. Moneta Group Investment Advisors LLC increased its stake in V.F. by 97,005.8% in the fourth 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 in the last quarter. Finally, Guinness Asset Management LTD raised its holdings in shares of V.F. by 2.8% during the third 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 during the period. 86.84% of the stock is currently owned by institutional investors.

V.F. Trading Up 3.5 %

Shares of VFC stock opened at $12.57 on Wednesday. V.F. Co. has a 12-month low of $11.91 and a 12-month high of $23.55. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The company has a 50 day moving average of $15.13 and a 200-day moving average of $16.38.

V.F. (NYSE:VFC) last released its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The business’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 earnings per share. As a group, analysts predict that V.F. Co. will post 1.1 earnings per share for the current fiscal year.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were given a dividend of $0.09 per share. The ex-dividend date was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a yield of 2.86%. V.F.’s dividend payout ratio is presently -18.27%.

Insider Transactions at V.F.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $22.00 target price on shares of V.F. in a research note on Tuesday, April 9th. Wedbush decreased their price objective on V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Wells Fargo & Company cut their target price on V.F. from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. The Goldman Sachs Group lowered shares of V.F. from a “buy” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $14.00 in a research note on Wednesday, February 7th. Finally, StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, V.F. has an average rating of “Hold” and a consensus price target of $17.97.

V.F. 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.