Susquehanna Fundamental Investments LLC Buys 161,502 Shares of VF Corporation (NYSE:VFC)

Susquehanna Fundamental Investments LLC boosted its position in shares of VF Corporation (NYSE:VFC) by 39.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 572,762 shares of the textile maker’s stock after buying an additional 161,502 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.15% of VF worth $7,732,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of VF during the first quarter worth $27,000. Future Financial Wealth Managment LLC acquired a new position in VF in the first quarter valued at approximately $31,000. Bank & Trust Co bought a new position in VF in the second quarter valued at approximately $35,000. Versant Capital Management Inc grew its holdings in VF by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after acquiring an additional 2,583 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in shares of VF in the 1st quarter valued at $39,000. 86.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on VFC. Evercore ISI lifted their price objective on VF from $14.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. TD Cowen increased their price target on shares of VF from $9.00 to $16.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company boosted their price objective on shares of VF from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. Barclays raised 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, September 18th. Finally, BMO Capital Markets upped their price objective on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.41.

VF Stock Performance

VFC opened at $19.57 on Friday. The business’s 50-day simple moving average is $17.51 and its 200 day simple moving average is $14.87. VF Corporation has a 52-week low of $11.00 and a 52-week high of $20.69. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The firm has a market capitalization of $7.62 billion, a PE ratio of -7.83, a PEG ratio of 2.15 and a beta of 1.53.

VF (NYSE:VFC) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (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 for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business posted ($0.15) EPS. The business’s revenue was down 8.9% compared to the same quarter last year. As a group, sell-side analysts expect that VF Corporation will post 0.72 earnings per share for the current fiscal year.

VF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s dividend payout ratio (DPR) is presently -14.40%.

VF 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.