V.F. Co. (NYSE:VFC) Position Lessened by Federated Hermes Inc.

Federated Hermes Inc. cut its position in shares of V.F. Co. (NYSE:VFC) by 80.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,635 shares of the textile maker’s stock after selling 32,192 shares during the period. Federated Hermes Inc.’s holdings in V.F. were worth $144,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in VFC. Arizona State Retirement System raised its holdings in shares of V.F. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock valued at $1,708,000 after purchasing an additional 702 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of V.F. by 28.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock worth $61,000 after buying an additional 715 shares during the period. Treasurer of the State of North Carolina raised its holdings in V.F. by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock worth $2,713,000 after acquiring an additional 780 shares during the period. Nordea Investment Management AB raised its stake in shares of V.F. by 3.0% in the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after purchasing an additional 812 shares in the last quarter. Finally, Savant Capital LLC raised its stake in shares of V.F. by 1.6% in the third quarter. Savant Capital LLC now owns 54,783 shares of the textile maker’s stock valued at $968,000 after purchasing an additional 859 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

V.F. Stock Up 0.4 %

Shares of NYSE:VFC opened at $12.61 on Monday. The company has a 50 day moving average of $14.19 and a 200-day moving average of $16.03. V.F. Co. has a one year low of $11.91 and a one year high of $22.63. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -6.40, a P/E/G ratio of 1.38 and a beta of 1.49. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70.

V.F. (NYSE:VFC) last issued 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). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue was down 16.2% on a year-over-year basis. On average, sell-side analysts forecast that V.F. Co. will post 1.11 earnings per share for the current 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 given a dividend of $0.09 per share. The ex-dividend date was Friday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.85%. V.F.’s payout ratio is currently -18.27%.

Insider Activity

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

Analyst Ratings Changes

VFC has been the topic of several analyst reports. Williams Trading reissued a “sell” rating on shares of V.F. in a report on Thursday, January 25th. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. The Goldman Sachs Group reduced their price target on shares of V.F. from $14.00 to $12.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Wedbush cut their target price on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $22.00 price objective on shares of V.F. in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, V.F. has an average rating of “Hold” and a consensus price target of $17.88.

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.