Squarepoint Ops LLC Has $29.74 Million Stock Holdings in V.F. Corporation $VFC

Squarepoint Ops LLC lifted its position in V.F. Corporation (NYSE:VFC) by 298.1% during the 2nd quarter, Holdings Channel reports. The firm owned 1,782,904 shares of the textile maker’s stock after buying an additional 1,335,057 shares during the quarter. Squarepoint Ops LLC’s holdings in V.F. were worth $29,739,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of V.F. by 27.9% in the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after acquiring an additional 588 shares in the last quarter. Root Financial Partners LLC boosted its stake in V.F. by 282.9% in the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after purchasing an additional 2,255 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of V.F. by 151.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock worth $125,000 after purchasing an additional 4,167 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of V.F. by 213.7% during the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock worth $135,000 after purchasing an additional 5,503 shares during the last quarter. Finally, Nykredit A S acquired a new stake in shares of V.F. in the second quarter valued at $179,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insiders Place Their Bets

In other V.F. news, insider Bracken Darrell bought 32,894 shares of the stock in a transaction 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 acquisition, the insider owned 1,402,109 shares of the company’s stock, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Carucci bought 20,000 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of $14.73 per share, with a total value of $294,600.00. Following the transaction, the director directly owned 356,215 shares in the company, valued at approximately $5,247,046.95. The trade was a 5.95% increase in their position. The SEC filing for this purchase provides additional information. 1.54% of the stock is currently owned by insiders.

V.F. Stock Performance

Shares of NYSE:VFC opened at $13.22 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70. V.F. Corporation has a 1-year low of $12.94 and a 1-year high of $22.27. The stock has a market capitalization of $5.20 billion, a P/E ratio of 19.17, a P/E/G ratio of 0.97 and a beta of 1.57. The business has a 50-day moving average price of $15.28 and a two-hundred day moving average price of $16.89.

V.F. (NYSE:VFC) last issued its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.05). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted ($0.24) EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities analysts predict that V.F. Corporation will post 1.07 earnings per share for the current year.

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.7%. V.F.’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VFC. Evercore set a $16.00 price target on V.F. in a report on Thursday, July 30th. The Goldman Sachs Group lowered their price objective on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Barclays dropped their target price on shares of V.F. from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Stifel Nicolaus lowered their price target on shares of V.F. from $19.00 to $17.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Finally, Telsey Advisory Group reduced their price objective on V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.21.

V.F. Company 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.