V.F. Co. (NYSE:VFC) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp boosted its stake in V.F. Co. (NYSE:VFCFree Report) by 40.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,376 shares of the textile maker’s stock after acquiring an additional 23,965 shares during the period. Cibc World Markets Corp’s holdings in V.F. were worth $1,567,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in V.F. by 1.2% during the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after purchasing an additional 475,239 shares during the last quarter. Northern Trust Corp lifted its position in 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 during the last quarter. M&G Investment Management Ltd. boosted its stake in V.F. by 19.4% during 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 during the period. Wells Fargo & Company MN grew its position in 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 worth $80,501,000 after purchasing an additional 473,952 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of V.F. in the fourth quarter valued at approximately $76,059,000. 86.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VFC. UBS Group reduced their price objective 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. BMO Capital Markets decreased their price target on V.F. from $18.00 to $13.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd. Robert W. Baird decreased their price target on V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Stifel Nicolaus decreased their price target on V.F. from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Finally, Barclays decreased their price objective on shares of V.F. from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, V.F. currently has a consensus rating of “Hold” and an average target price of $13.06.

View Our Latest Analysis on VFC

Insider Transactions at V.F.

In related news, insider Bracken Darrell acquired 75,200 shares of V.F. stock in a transaction dated 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 purchase, the insider now directly owns 219,972 shares in the company, valued at approximately $2,916,828.72. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

V.F. Price Performance

VFC opened at $13.17 on Tuesday. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71. The business has a fifty day simple moving average of $12.86 and a 200-day simple moving average of $15.37. V.F. Co. has a fifty-two week low of $11.00 and a fifty-two week high of $21.17.

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

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Monday, June 10th. V.F.’s dividend payout ratio is presently -14.40%.

About V.F.

(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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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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