GAMMA Investing LLC Has $557,000 Stock Holdings in VF Corporation (NYSE:VFC)

GAMMA Investing LLC increased its holdings in shares of VF Corporation (NYSE:VFC) by 44.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,906 shares of the textile maker’s stock after purchasing an additional 8,615 shares during the quarter. GAMMA Investing LLC’s holdings in VF were worth $557,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VFC. Handelsbanken Fonder AB raised its holdings in shares of VF by 40.1% during the third quarter. Handelsbanken Fonder AB now owns 107,700 shares of the textile maker’s stock worth $2,149,000 after acquiring an additional 30,800 shares during the period. Quent Capital LLC raised its stake in shares of VF by 1,917.1% in the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after purchasing an additional 12,001 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of VF in the second quarter valued at about $241,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of VF by 90.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock worth $2,737,000 after buying an additional 96,442 shares during the period. Finally, Algert Global LLC bought a new position in shares of VF during the second quarter worth about $449,000. Institutional investors own 86.84% of the company’s stock.

VF Stock Up 0.3 %

VFC opened at $19.89 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84. The stock’s fifty day simple moving average is $17.97 and its 200 day simple moving average is $15.10. VF Corporation has a 1-year low of $11.00 and a 1-year high of $21.40. The stock has a market cap of $7.74 billion, a PE ratio of -7.96, a price-to-earnings-growth ratio of 2.44 and a beta of 1.53.

VF (NYSE:VFC) last posted its earnings results 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 negative net margin of 11.39% and a positive return on equity of 11.75%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company posted ($0.15) EPS. VF’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, research analysts expect that VF Corporation will post 0.72 earnings per share for the current year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, September 10th. VF’s payout ratio is -14.40%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VFC shares. Wedbush reaffirmed a “neutral” rating and set a $13.00 price target on shares of VF in a research report on Monday, August 5th. Telsey Advisory Group increased their target price on shares of VF from $15.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. BMO Capital Markets lifted their price target on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Argus upgraded shares of VF to a “hold” rating in a research note on Wednesday, August 28th. Finally, Barclays raised VF from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $19.00 to $22.00 in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.41.

Insider Transactions at VF

In other VF news, Director Richard Carucci purchased 15,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were acquired at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The trade was a 0.00 % increase in their ownership of the stock. The purchase 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.

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.