Handelsbanken Fonder AB Acquires 30,800 Shares of VF Corporation (NYSE:VFC)

Handelsbanken Fonder AB increased its holdings in shares of VF Corporation (NYSE:VFC) by 40.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,700 shares of the textile maker’s stock after buying an additional 30,800 shares during the period. Handelsbanken Fonder AB’s holdings in VF were worth $2,149,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VFC. Quent Capital LLC raised its position in shares of VF by 1,917.1% during the 3rd quarter. Quent Capital LLC now owns 12,627 shares of the textile maker’s stock valued at $247,000 after acquiring an additional 12,001 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in VF in the second quarter valued at about $241,000. Teachers Retirement System of The State of Kentucky lifted its stake in VF by 90.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker’s stock valued at $2,737,000 after buying an additional 96,442 shares during the period. Algert Global LLC bought a new position in VF during the second quarter worth about $449,000. Finally, Susquehanna Fundamental Investments LLC grew its position in shares of VF by 39.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 572,762 shares of the textile maker’s stock worth $7,732,000 after buying an additional 161,502 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Richard Carucci purchased 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VFC shares. 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. Robert W. Baird boosted their price target on shares of VF from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Telsey Advisory Group raised their price objective on VF from $15.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Citigroup raised VF from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.00 to $20.00 in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. dropped their price target on VF from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.41.

VF Stock Up 0.4 %

Shares of VFC stock opened at $19.98 on Thursday. The firm’s fifty day moving average price is $18.04 and its two-hundred day moving average price is $15.14. 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. The firm has a market capitalization of $7.78 billion, a P/E ratio of -7.96, a PEG ratio of 2.44 and a beta of 1.53.

VF (NYSE:VFC) last released its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. VF’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) earnings per share. On average, equities analysts predict that VF Corporation will post 0.72 EPS for the current fiscal year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. VF’s dividend payout ratio 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.