V.F. Co. (NYSE:VFC) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its position in V.F. Co. (NYSE:VFC) by 35.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,196 shares of the textile maker’s stock after acquiring an additional 1,624 shares during the period. Parkside Financial Bank & Trust’s holdings in V.F. were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of V.F. by 1.2% in the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after buying an additional 475,239 shares during the last quarter. Northern Trust Corp raised its position in shares of V.F. by 1.1% in the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock valued at $419,817,000 after buying an additional 257,992 shares during the last quarter. Guinness Asset Management LTD increased its position in V.F. by 2.8% during the third quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock worth $135,306,000 after purchasing an additional 207,783 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in V.F. by 48.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock worth $54,756,000 after purchasing an additional 1,004,583 shares during the last quarter. Finally, FMR LLC increased its position in V.F. by 44.8% during the third quarter. FMR LLC now owns 2,768,318 shares of the textile maker’s stock worth $48,916,000 after purchasing an additional 856,751 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group lowered shares of V.F. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $14.00 in a research report on Wednesday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, April 8th. BNP Paribas reaffirmed a “neutral” rating and set a $14.00 price target (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. UBS Group dropped their price objective on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Finally, StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.97.

Insider Activity

In related news, insider Bracken Darrell bought 65,360 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the purchase, the insider now owns 144,281 shares in the company, valued at approximately $2,219,041.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Bracken Darrell bought 65,360 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the purchase, the insider now owns 144,281 shares in the company, valued at approximately $2,219,041.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Juliana L. Chugg bought 11,301 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the purchase, the director now owns 26,301 shares in the company, valued at approximately $461,582.55. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

V.F. Trading Up 0.3 %

Shares of VFC stock opened at $12.99 on Thursday. V.F. Co. has a 12 month low of $11.91 and a 12 month high of $23.55. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The company’s fifty day moving average price is $14.71 and its two-hundred day moving average price is $16.23.

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

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were paid a $0.09 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.77%. V.F.’s dividend payout ratio (DPR) is presently -18.27%.

V.F. Profile

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.