Investors Research Corp Sells 5,500 Shares of V.F. Co. (NYSE:VFC)

Investors Research Corp lessened its stake in V.F. Co. (NYSE:VFC) by 21.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,008 shares of the textile maker’s stock after selling 5,500 shares during the quarter. Investors Research Corp’s holdings in V.F. were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of VFC. Moneta Group Investment Advisors LLC increased its holdings in V.F. by 97,005.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,843,788 shares of the textile maker’s stock worth $437,447,000 after buying an additional 15,827,472 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of V.F. by 16.3% in the first quarter. Vanguard Group Inc. now owns 40,200,890 shares of the textile maker’s stock valued at $2,285,822,000 after acquiring an additional 5,626,337 shares in the last quarter. Millennium Management LLC grew its stake in shares of V.F. by 5,060.5% in the fourth quarter. Millennium Management LLC now owns 5,731,857 shares of the textile maker’s stock valued at $158,257,000 after acquiring an additional 5,620,786 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of V.F. by 295.0% in the first quarter. Renaissance Technologies LLC now owns 4,454,300 shares of the textile maker’s stock valued at $102,048,000 after acquiring an additional 3,326,600 shares in the last quarter. Finally, Norges Bank bought a new stake in V.F. during the fourth quarter worth about $83,445,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VFC. BNP Paribas reissued a “neutral” rating and issued a $14.00 target price (down previously from $18.00) on shares of V.F. in a report on Friday. Williams Trading reiterated a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. Telsey Advisory Group reissued an “outperform” rating and issued a $22.00 price target on shares of V.F. in a research report on Tuesday, January 30th. The Goldman Sachs Group downgraded shares of V.F. from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $14.00 in a report on Wednesday, February 7th. Finally, StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.97.

V.F. Stock Performance

NYSE:VFC opened at $12.15 on Tuesday. V.F. Co. has a fifty-two week low of $12.02 and a fifty-two week high of $23.55. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70. The business has a 50 day moving average price of $15.21 and a 200-day moving average price of $16.42.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. V.F.’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 EPS. Equities analysts forecast that V.F. Co. will post 1.1 earnings per share for the current year.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio (DPR) is -18.27%.

Insider Activity

In other V.F. news, insider Bracken Darrell bought 65,360 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the transaction, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Juliana L. Chugg bought 11,301 shares of the stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $17.55 per share, with a total value of $198,332.55. Following the completion of the acquisition, the director now owns 26,301 shares of the company’s stock, valued at $461,582.55. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bracken Darrell bought 65,360 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the acquisition, the insider now directly owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.