VF Corporation (NYSE:VFC) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. cut its holdings in shares of VF Corporation (NYSE:VFC) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,200 shares of the textile maker’s stock after selling 22,180 shares during the period. Sompo Asset Management Co. Ltd. owned approximately 0.09% of VF worth $4,984,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its holdings in shares of VF by 3,350.1% during the second quarter. Thrivent Financial for Lutherans now owns 486,082 shares of the textile maker’s stock valued at $6,562,000 after purchasing an additional 471,993 shares during the period. Sei Investments Co. raised its position in shares of VF by 26.7% during the 2nd quarter. Sei Investments Co. now owns 207,120 shares of the textile maker’s stock worth $2,796,000 after buying an additional 43,697 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of VF by 28.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,822,885 shares of the textile maker’s stock worth $159,609,000 after acquiring an additional 2,589,852 shares during the period. Hsbc Holdings PLC increased its stake in shares of VF by 14.7% during the second quarter. Hsbc Holdings PLC now owns 415,433 shares of the textile maker’s stock valued at $5,579,000 after acquiring an additional 53,133 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of VF by 37.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,072 shares of the textile maker’s stock valued at $365,000 after acquiring an additional 7,380 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at VF

In related news, Director Richard Carucci purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average price of $16.70 per share, with a total value of $250,500.00. Following the purchase, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VFC shares. Robert W. Baird boosted their price target on shares of VF from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Telsey Advisory Group increased their target price on shares of VF from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Barclays upgraded shares of VF from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $22.00 in a research report on Wednesday. Wells Fargo & Company raised their price objective on VF from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets increased their price target on shares of VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.19.

VF Stock Up 0.1 %

VF stock opened at $18.67 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. VF Corporation has a fifty-two week low of $11.00 and a fifty-two week high of $20.69. The firm has a fifty day moving average price of $17.15 and a two-hundred day moving average price of $14.78. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of -7.47, a P/E/G ratio of 2.05 and a beta of 1.53.

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

VF Announces Dividend

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

VF 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.