Quantitative Investment Management LLC Acquires 56,827 Shares of V.F. Corporation $VFC

Quantitative Investment Management LLC lifted its holdings in V.F. Corporation (NYSE:VFC) by 395.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 71,209 shares of the textile maker’s stock after purchasing an additional 56,827 shares during the period. Quantitative Investment Management LLC’s holdings in V.F. were worth $1,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VFC. Parallel Advisors LLC increased its holdings in V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after buying an additional 588 shares during the period. Root Financial Partners LLC increased its holdings in shares of V.F. by 282.9% in the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 2,255 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of V.F. by 151.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock worth $125,000 after acquiring an additional 4,167 shares in the last quarter. Versant Capital Management Inc raised its position in shares of V.F. by 213.7% in the 2nd quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock worth $135,000 after acquiring an additional 5,503 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of V.F. during the 2nd quarter worth $264,000. 86.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VFC shares. Barclays dropped their price objective on V.F. from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group lowered their price target on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Zacks Research downgraded shares of V.F. from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Telsey Advisory Group reduced their price objective on shares of V.F. from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings cut shares of V.F. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, V.F. currently has a consensus rating of “Hold” and an average target price of $18.21.

Insider Buying and Selling at V.F.

In other news, Director Richard Carucci bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were purchased at an average cost of $17.17 per share, with a total value of $515,100.00. Following the transaction, the director directly owned 336,043 shares in the company, valued at approximately $5,769,858.31. The trade was a 9.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bracken Darrell bought 32,894 shares of V.F. stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $14.98 per share, with a total value of $492,752.12. Following the purchase, the insider directly owned 1,402,109 shares in the company, valued at $21,003,592.82. The trade was a 2.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 82,894 shares of company stock worth $1,302,452. 1.54% of the stock is owned by insiders.

V.F. Price Performance

Shares of VFC stock opened at $13.39 on Tuesday. V.F. Corporation has a fifty-two week low of $13.02 and a fifty-two week high of $22.27. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 0.98 and a beta of 1.57. The stock’s 50-day simple moving average is $15.72 and its 200-day simple moving average is $17.20.

V.F. (NYSE:VFC) last released its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.24) earnings per share. As a group, equities analysts forecast that V.F. Corporation will post 1.07 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, September 10th. V.F.’s payout ratio is presently 52.17%.

V.F. Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.