V.F. Co. (NYSE:VFC) Insider Bracken Darrell Acquires 75,200 Shares of Stock

V.F. Co. (NYSE:VFCGet Free Report) insider Bracken Darrell bought 75,200 shares of V.F. stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $13.26 per share, with a total value of $997,152.00. Following the acquisition, the insider now owns 219,972 shares of the company’s stock, valued at approximately $2,916,828.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

V.F. Trading Down 3.1 %

V.F. stock opened at $13.17 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 2.84. The stock has a market cap of $5.12 billion, a PE ratio of -5.27, a P/E/G ratio of 1.05 and a beta of 1.53. The stock has a 50-day moving average price of $12.86 and a 200 day moving average price of $15.37. V.F. Co. has a 52 week low of $11.00 and a 52 week high of $21.17.

V.F. (NYSE:VFCGet Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.34). The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.42 billion. V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS. Equities research analysts predict that V.F. Co. will post 0.85 earnings per share for the current fiscal year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Monday, June 10th. V.F.’s dividend payout ratio (DPR) is -14.40%.

Analyst Upgrades and Downgrades

VFC has been the subject of a number of research analyst reports. StockNews.com cut V.F. from a “hold” rating to a “sell” rating in a research report on Monday, May 27th. Wells Fargo & Company dropped their price target on V.F. from $14.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, May 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 price target (down previously from $18.00) on shares of V.F. in a research report on Thursday, May 23rd. UBS Group dropped their price target on V.F. from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th. Finally, Robert W. Baird dropped their price target on V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.06.

Read Our Latest Research Report on V.F.

Institutional Trading of V.F.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings 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 during the period. Northern Trust Corp lifted its stake in shares of V.F. by 1.1% in the 3rd quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock valued at $419,817,000 after purchasing an additional 257,992 shares in the last quarter. M&G Plc acquired a new position in shares of V.F. in the 1st quarter valued at about $200,768,000. M&G Investment Management Ltd. lifted its stake in shares of V.F. by 19.4% in the 4th quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after purchasing an additional 2,016,470 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of V.F. by 12.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,281,957 shares of the textile maker’s stock valued at $80,501,000 after purchasing an additional 473,952 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Company Profile

(Get Free Report)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

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