SG Americas Securities LLC Sells 25,984 Shares of VF Corporation (NYSE:VFC)

SG Americas Securities LLC trimmed its stake in shares of VF Corporation (NYSE:VFC) by 67.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 12,356 shares of the textile maker’s stock after selling 25,984 shares during the quarter. SG Americas Securities LLC’s holdings in VF were worth $247,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of VF during the 1st quarter valued at $27,000. Future Financial Wealth Managment LLC acquired a new position in shares of VF during the 1st quarter worth $31,000. Northwest Investment Counselors LLC acquired a new position in shares of VF during the 1st quarter worth $39,000. Bank & Trust Co acquired a new position in shares of VF during the 2nd quarter worth $35,000. Finally, Versant Capital Management Inc raised its holdings in shares of 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 buying an additional 2,583 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

Insider Activity at VF

In other VF news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now directly owns 230,178 shares in the company, valued at approximately $3,843,972.60. This trade represents 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 available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

VF Trading Down 7.3 %

Shares of VFC stock opened at $18.18 on Tuesday. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of -6.02, a PEG ratio of 2.19 and a beta of 1.53. The stock has a 50-day moving average of $18.54 and a 200-day moving average of $15.46. 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 Corporation has a 1-year low of $11.00 and a 1-year high of $21.40.

VF (NYSE:VFC) last announced its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.85 billion. During the same quarter in the prior year, the company earned ($0.15) EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts forecast that VF Corporation will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.98%. VF’s payout ratio is -11.92%.

Analysts Set New Price Targets

A number of research firms have recently commented on VFC. JPMorgan Chase & Co. lowered their price target on VF from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Citigroup raised VF from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $11.00 to $20.00 in a report on Thursday, July 18th. Argus raised VF to a “hold” rating in a report on Wednesday, August 28th. The Goldman Sachs Group began coverage on VF in a report on Friday, October 11th. They issued a “neutral” rating and a $20.00 target price for the company. Finally, Jefferies Financial Group began coverage on VF in a report on Friday, September 27th. They issued a “hold” rating and a $20.00 target price for the company. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.24.

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.