Citizens Financial Group Inc. RI Acquires Shares of 14,510 VF Corporation (NYSE:VFC)

Citizens Financial Group Inc. RI acquired a new stake in VF Corporation (NYSE:VFC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,510 shares of the textile maker’s stock, valued at approximately $196,000.

Several other institutional investors have also recently bought and sold shares of VFC. Dimensional Fund Advisors LP increased its stake in shares of VF by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock valued at $55,694,000 after buying an additional 113,128 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of VF by 22.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 16,076 shares of the textile maker’s stock valued at $217,000 after buying an additional 2,919 shares during the period. American Century Companies Inc. increased its stake in shares of VF by 22.3% in the 2nd quarter. American Century Companies Inc. now owns 88,093 shares of the textile maker’s stock valued at $1,189,000 after buying an additional 16,041 shares during the period. AGF Management Ltd. acquired a new stake in shares of VF in the 2nd quarter valued at $2,547,000. Finally, Van Hulzen Asset Management LLC acquired a new stake in shares of VF in the 2nd quarter valued at $458,000. Institutional investors own 86.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VFC. TD Cowen lifted their target price on VF from $9.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Telsey Advisory Group lifted their price objective on VF from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. BMO Capital Markets lifted their price objective on VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price objective on VF from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Wedbush reaffirmed a “neutral” rating and set a $13.00 price objective on shares of VF in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.19.

VF Stock Down 2.4 %

NYSE:VFC opened at $18.65 on Friday. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of -7.46, a PEG ratio of 2.05 and a beta of 1.53. The stock has a 50-day moving average price of $17.05 and a two-hundred day moving average price of $14.76. VF Corporation has a 1 year low of $11.00 and a 1 year high of $20.69. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84.

VF (NYSE:VFC) last released its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.04. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. VF’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.15) earnings per share. As a group, equities analysts expect that VF Corporation will post 0.73 earnings per share for the current year.

VF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s dividend payout ratio is currently -14.40%.

Insider Buying and Selling

In other VF news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by company insiders.

About VF

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.