V.F. Co. (NYSE:VFC) Shares Sold by Cwm LLC

Cwm LLC lessened its stake in shares of V.F. Co. (NYSE:VFC) by 21.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 21,885 shares of the textile maker’s stock after selling 5,887 shares during the period. Cwm LLC’s holdings in V.F. were worth $336,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of VFC. Vanguard Group Inc. lifted its stake 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 worth $728,708,000 after acquiring an additional 475,239 shares in the last quarter. M&G Investment Management Ltd. boosted its holdings in shares of V.F. by 19.4% during the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock worth $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% during the fourth 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. Norges Bank acquired a new position in V.F. in the 4th quarter valued at approximately $76,059,000. Finally, Charles Schwab Investment Management Inc. lifted its position in V.F. by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,265,581 shares of the textile maker’s stock worth $61,393,000 after buying an additional 166,769 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Analyst Ratings Changes

VFC has been the topic of several research analyst reports. Citigroup lowered their price target on shares of V.F. from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Wells Fargo & Company lowered their target price on V.F. from $14.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $13.00 price target (down from $18.00) on shares of V.F. in a research note on Thursday, May 23rd. UBS Group lowered their price target on V.F. from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Finally, TD Cowen cut their price objective on shares of V.F. from $14.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, May 23rd. Three equities 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. According to data from MarketBeat.com, V.F. currently has an average rating of “Hold” and an average price target of $13.06.

V.F. Stock Up 2.9 %

Shares of NYSE:VFC opened at $14.31 on Friday. The stock’s 50-day moving average is $12.90 and its 200-day moving average is $15.16. V.F. Co. has a 52-week low of $11.00 and a 52-week high of $21.17. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 2.84.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share (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 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 company’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. On average, sell-side analysts forecast that V.F. Co. will post 0.85 earnings per share for the current fiscal year.

V.F. Dividend Announcement

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

Insider Activity

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

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.