Moody National Bank Trust Division Purchases 47,735 Shares of V.F. Co. (NYSE:VFC)

Moody National Bank Trust Division increased its stake in shares of V.F. Co. (NYSE:VFC) by 95.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,608 shares of the textile maker’s stock after acquiring an additional 47,735 shares during the period. Moody National Bank Trust Division’s holdings in V.F. were worth $1,497,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of VFC. Norges Bank bought a new stake in V.F. during the fourth quarter worth about $76,059,000. Jackson Square Partners LLC bought a new stake in V.F. in the fourth quarter valued at approximately $46,646,000. M&G Investment Management Ltd. raised its stake in V.F. by 19.4% in the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after buying an additional 2,016,470 shares during the period. Wellington Management Group LLP raised its stake in V.F. by 559.7% in the third quarter. Wellington Management Group LLP now owns 1,113,192 shares of the textile maker’s stock valued at $19,670,000 after buying an additional 944,449 shares during the period. Finally, FMR LLC raised its stake in V.F. by 44.8% in the third quarter. FMR LLC now owns 2,768,318 shares of the textile maker’s stock valued at $48,916,000 after buying an additional 856,751 shares during the period. Institutional investors own 86.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on VFC shares. BMO Capital Markets dropped their price objective on V.F. from $18.00 to $13.00 and set a “market perform” rating on the stock in a research note on Thursday, May 23rd. StockNews.com lowered V.F. from a “hold” rating to a “sell” rating in a research note on Monday, May 27th. UBS Group dropped their price objective on V.F. from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Citigroup decreased their target price on V.F. from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. decreased their target price 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. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, V.F. presently has an average rating of “Hold” and an average price target of $13.06.

V.F. Trading Down 1.0 %

Shares of NYSE:VFC opened at $13.67 on Thursday. The company has a market capitalization of $5.32 billion, a P/E ratio of -5.47, a P/E/G ratio of 1.05 and a beta of 1.53. V.F. Co. has a 1 year low of $11.00 and a 1 year high of $21.17. 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’s 50 day simple moving average is $12.84 and its 200 day simple moving average is $15.22.

V.F. (NYSE:VFC) last released its earnings results 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). V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. On average, research analysts anticipate that V.F. Co. will post 0.85 EPS for the current fiscal year.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders 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 yield of 2.63%. The ex-dividend date of this dividend is Monday, June 10th. V.F.’s payout ratio is presently -14.40%.

Insiders Place Their Bets

In other V.F. news, Director Richard Carucci bought 25,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average cost of $13.78 per share, for a total transaction of $344,500.00. Following the completion of the purchase, the director now directly owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, Director Richard Carucci purchased 25,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $13.78 per share, for a total transaction of $344,500.00. Following the purchase, the director now owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bracken Darrell purchased 75,200 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average price of $13.26 per share, with a total value of $997,152.00. Following the completion of the purchase, the insider now directly owns 219,972 shares in the company, valued at approximately $2,916,828.72. The disclosure for this purchase can be found here. Corporate insiders own 0.70% of the company’s stock.

V.F. Profile

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.