First Hawaiian Bank Buys 1,500 Shares of V.F. Co. (NYSE:VFC)

First Hawaiian Bank lifted its stake in shares of V.F. Co. (NYSE:VFC) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,060 shares of the textile maker’s stock after purchasing an additional 1,500 shares during the period. First Hawaiian Bank’s holdings in V.F. were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. boosted its position in V.F. by 5.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,495 shares of the textile maker’s stock valued at $216,000 after buying an additional 633 shares during the last quarter. Arizona State Retirement System boosted its holdings in V.F. by 0.8% in the fourth quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock valued at $1,708,000 after acquiring an additional 702 shares during the last quarter. Global Retirement Partners LLC raised its holdings in 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 purchasing an additional 715 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in V.F. by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock valued at $2,713,000 after purchasing an additional 780 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of V.F. by 3.0% in the 3rd 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 during the last quarter. 86.84% of the stock is owned by institutional investors.

V.F. Stock Performance

NYSE VFC opened at $14.30 on Friday. The firm has a market capitalization of $5.56 billion, a P/E ratio of -5.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.53. 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 firm’s fifty day moving average price is $12.90 and its two-hundred day moving average price is $15.18. V.F. Co. has a 1 year low of $11.00 and a 1 year high of $21.17.

V.F. (NYSE:VFC) last released its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.34). The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The business’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 earnings per share. As a group, research analysts anticipate that V.F. Co. will post 0.85 EPS for the current year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.52%. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

Insider Buying and Selling

In related news, Director Richard Carucci acquired 25,000 shares of the stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of $13.78 per share, for a total transaction of $344,500.00. Following the purchase, the director now directly owns 215,130 shares in the company, valued at $2,964,491.40. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Richard Carucci purchased 25,000 shares of V.F. stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of $13.78 per share, for a total transaction of $344,500.00. Following the transaction, the director now owns 215,130 shares of the company’s stock, valued at approximately $2,964,491.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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, for a total transaction of $997,152.00. Following the acquisition, the insider now owns 219,972 shares in the company, valued at approximately $2,916,828.72. The disclosure for this purchase can be found here. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on VFC shares. StockNews.com lowered shares of V.F. from a “hold” rating to a “sell” rating in a report on Monday, May 27th. Robert W. Baird decreased their price objective 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. Citigroup dropped their price objective on V.F. from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. Barclays decreased their target price on V.F. from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Finally, UBS Group cut their price target on shares of V.F. from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.06.

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.