Jump Financial LLC Cuts Stake in V.F. Co. (NYSE:VFC)

Jump Financial LLC cut its holdings in shares of V.F. Co. (NYSE:VFC) by 95.7% during the 4th quarter, HoldingsChannel reports. The fund owned 16,260 shares of the textile maker’s stock after selling 365,161 shares during the quarter. Jump Financial LLC’s holdings in V.F. were worth $306,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in V.F. by 48.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock worth $54,756,000 after purchasing an additional 1,004,583 shares during the period. Wellington Management Group LLP lifted its stake in shares of V.F. by 559.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,113,192 shares of the textile maker’s stock valued at $19,670,000 after acquiring an additional 944,449 shares during the last quarter. FMR LLC boosted its holdings in V.F. by 44.8% during the 3rd quarter. FMR LLC now owns 2,768,318 shares of the textile maker’s stock valued at $48,916,000 after acquiring an additional 856,751 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in V.F. by 220.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,045,497 shares of the textile maker’s stock worth $18,474,000 after acquiring an additional 718,772 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. bought a new stake in V.F. in the fourth quarter valued at approximately $11,126,000. 86.84% of the stock is currently owned by institutional investors.

V.F. Trading Up 3.1 %

NYSE:VFC opened at $12.34 on Friday. The firm has a market capitalization of $4.80 billion, a P/E ratio of -4.94, a PEG ratio of 1.43 and a beta of 1.49. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.70. V.F. Co. has a one year low of $11.00 and a one year high of $21.17. The company’s 50-day simple moving average is $13.24 and its 200 day simple moving average is $15.62.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, analysts forecast that V.F. Co. will post 1.27 EPS for the current fiscal year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, June 10th. V.F.’s payout ratio is -14.40%.

Analyst Ratings Changes

VFC has been the topic of several analyst reports. Citigroup decreased their target price on shares of V.F. from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday. Robert W. Baird lowered their price objective on shares of V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday. Wedbush cut their target price on V.F. from $15.50 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 21st. Bank of America lowered their price target on V.F. from $13.00 to $11.00 and set an “underperform” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, V.F. presently has an average rating of “Hold” and a consensus target price of $13.44.

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.