33,295 Shares in VF Corporation (NYSE:VFC) Bought by Algert Global LLC

Algert Global LLC acquired a new stake in shares of VF Corporation (NYSE:VFC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 33,295 shares of the textile maker’s stock, valued at approximately $449,000.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VFC shares. Wells Fargo & Company boosted 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. Telsey Advisory Group boosted their price target 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. Barclays upgraded shares of VF from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, September 18th. Robert W. Baird boosted their target price on shares of VF from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, UBS Group raised their price target on shares of VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.41.

Insider Buying and Selling

In related news, Director Richard Carucci purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average price of $16.70 per share, with a total value of $250,500.00. Following the acquisition, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. This 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 through the SEC website. 0.70% of the stock is owned by company insiders.

VF Trading Down 6.9 %

Shares of VFC opened at $19.83 on Tuesday. VF Corporation has a twelve month low of $11.00 and a twelve month high of $21.40. The stock has a market cap of $7.72 billion, a PE ratio of -7.94, a P/E/G ratio of 2.23 and a beta of 1.53. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The business’s 50-day moving average price is $17.90 and its 200-day moving average price is $15.06.

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 the consensus estimate of ($0.37) by $0.04. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) EPS. On average, equities analysts forecast that VF Corporation will post 0.72 EPS for the current fiscal year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.82%. 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.