Oak Asset Management LLC Sells 3,958 Shares of V.F. Co. (NYSE:VFC)

Oak Asset Management LLC cut its holdings in shares of V.F. Co. (NYSE:VFC) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,172 shares of the textile maker’s stock after selling 3,958 shares during the period. Oak Asset Management LLC’s holdings in V.F. were worth $202,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its position in shares of 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 acquiring an additional 633 shares during the period. Arizona State Retirement System raised its holdings in V.F. by 0.8% in the 4th 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% in the 4th quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 715 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in V.F. by 0.5% in 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 acquiring an additional 780 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in V.F. by 1.5% in the 4th quarter. Yousif Capital Management LLC now owns 59,928 shares of the textile maker’s stock valued at $1,127,000 after acquiring an additional 857 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on VFC. Citigroup decreased their price target on shares of V.F. from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, May 23rd. Wells Fargo & Company cut their price target on shares of 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. BNP Paribas restated a “neutral” rating and issued a $14.00 price objective (down from $18.00) on shares of V.F. in a research note on Friday, April 12th. UBS Group dropped their price objective on shares of V.F. from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 28th. Finally, The Goldman Sachs Group lowered their target price on shares of V.F. from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.06.

Insider Buying and Selling at V.F.

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

V.F. Stock Down 2.2 %

NYSE VFC opened at $13.50 on Monday. V.F. Co. has a 12 month low of $11.00 and a 12 month high of $21.17. 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 company’s fifty day moving average price is $13.06 and its two-hundred day moving average price is $14.99.

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

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, June 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Monday, June 10th. V.F.’s payout ratio is -14.40%.

V.F. Company 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.