V.F. Co. (NYSE:VFC) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in V.F. Co. (NYSE:VFC) by 43.2% in the second quarter, HoldingsChannel reports. The fund owned 299,024 shares of the textile maker’s stock after purchasing an additional 90,200 shares during the quarter. Envestnet Asset Management Inc.’s holdings in V.F. were worth $5,708,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VFC. Vanguard Group Inc. lifted its stake in V.F. by 16.3% during 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 purchasing an additional 5,626,337 shares during the last quarter. State Street Corp lifted its stake in V.F. by 0.9% during the first quarter. State Street Corp now owns 18,079,811 shares of the textile maker’s stock valued at $1,028,018,000 after purchasing an additional 161,526 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake 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 valued at $437,447,000 after purchasing an additional 15,827,472 shares during the last quarter. M&G Investment Management Ltd. lifted its stake in V.F. by 47.0% during the second quarter. M&G Investment Management Ltd. now owns 8,515,602 shares of the textile maker’s stock valued at $161,796,000 after purchasing an additional 2,720,879 shares during the last quarter. Finally, Guinness Asset Management LTD lifted its stake in V.F. by 74.6% during the second quarter. Guinness Asset Management LTD now owns 7,463,164 shares of the textile maker’s stock valued at $142,505,000 after purchasing an additional 3,188,721 shares during the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

V.F. Stock Performance

Shares of VFC opened at $17.21 on Friday. The company’s fifty day moving average is $16.74 and its 200-day moving average is $18.54. V.F. Co. has a 12 month low of $12.85 and a 12 month high of $34.44. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of -31.29, a price-to-earnings-growth ratio of 1.67 and a beta of 1.47. The company has a quick ratio of 0.78, a current ratio of 1.48 and a debt-to-equity ratio of 2.56.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Monday, October 30th. The textile maker reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). V.F. had a positive return on equity of 24.58% and a negative net margin of 1.89%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the company earned $0.73 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities analysts expect that V.F. Co. will post 1.56 EPS for the current fiscal year.

V.F. Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, December 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.09%. V.F.’s dividend payout ratio (DPR) is -218.18%.

Analysts Set New Price Targets

VFC has been the subject of several recent research reports. Evercore ISI initiated coverage on shares of V.F. in a research note on Tuesday, November 7th. They set an “inline” rating and a $17.00 target price for the company. BMO Capital Markets cut their price target on shares of V.F. from $22.00 to $18.00 and set a “market perform” rating on the stock in a report on Tuesday, October 31st. Wedbush cut their price target on shares of V.F. from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, October 31st. Barclays cut their price target on shares of V.F. from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 2nd. Finally, Telsey Advisory Group cut their price target on shares of V.F. from $27.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.59.

Insider Transactions at V.F.

In other news, Director Matthew J. Shattock acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average cost of $15.31 per share, with a total value of $306,200.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at $306,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company 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.