DekaBank Deutsche Girozentrale Decreases Stake in VF Corporation (NYSE:VFC)

DekaBank Deutsche Girozentrale decreased its holdings in VF Corporation (NYSE:VFC) by 56.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 38,110 shares of the textile maker’s stock after selling 49,290 shares during the period. DekaBank Deutsche Girozentrale’s holdings in VF were worth $512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of VF by 22.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,241,702 shares of the textile maker’s stock valued at $60,951,000 after acquiring an additional 590,434 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of VF by 24.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 24,920 shares of the textile maker’s stock worth $469,000 after purchasing an additional 4,865 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of VF by 11.6% in the fourth quarter. Panagora Asset Management Inc. now owns 30,134 shares of the textile maker’s stock worth $567,000 after buying an additional 3,140 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of VF by 785.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 62,420 shares of the textile maker’s stock valued at $1,173,000 after buying an additional 55,371 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of VF during the 4th quarter valued at about $76,059,000. 86.84% of the stock is owned by institutional investors and hedge funds.

VF Stock Up 0.1 %

Shares of NYSE:VFC opened at $18.67 on Friday. The company’s fifty day moving average is $17.15 and its two-hundred day moving average is $14.78. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. VF Corporation has a 1-year low of $11.00 and a 1-year high of $20.69. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of -7.47, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53.

VF (NYSE:VFC) last released its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping the consensus estimate 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 firm 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 business earned ($0.15) earnings per share. VF’s quarterly revenue was down 8.9% on a year-over-year basis. Equities analysts anticipate that VF Corporation will post 0.73 EPS for the current year.

VF Dividend Announcement

The business also recently disclosed 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 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 dividend payout ratio is currently -14.40%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased 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. Evercore ISI raised their price target on shares of VF from $14.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. Citigroup upgraded shares of VF from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $11.00 to $20.00 in a report on Thursday, July 18th. BMO Capital Markets raised their target price on VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird lifted their target price on VF from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, VF presently has an average rating of “Hold” and a consensus price target of $16.19.

Insider Buying and Selling

In related news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were bought 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 owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

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.