Bleakley Financial Group LLC Invests $721,000 in V.F. Co. (NYSE:VFC)

Bleakley Financial Group LLC bought a new position in shares of V.F. Co. (NYSE:VFC) in the 4th quarter, Holdings Channel reports. The fund bought 38,331 shares of the textile maker’s stock, valued at approximately $721,000.

Other hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd boosted its stake in shares of V.F. by 106.9% during the first quarter. Point72 Hong Kong Ltd now owns 1,131 shares of the textile maker’s stock worth $64,000 after buying an additional 17,451 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of V.F. by 2,835.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after buying an additional 1,276 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of V.F. during the third quarter worth about $27,000. PCA Investment Advisory Services Inc. acquired a new stake in V.F. in the second quarter valued at about $31,000. Finally, CKW Financial Group acquired a new stake in V.F. in the third quarter valued at about $30,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. JPMorgan Chase & Co. reduced their price objective 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. UBS Group reduced 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. Wedbush reduced their price objective on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.97.

V.F. Trading Down 7.8 %

Shares of VFC opened at $12.11 on Friday. 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 firm has a 50 day simple moving average of $15.30 and a 200-day simple moving average of $16.46. V.F. Co. has a 1-year low of $12.02 and a 1-year high of $23.58. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of -6.15, a price-to-earnings-growth ratio of 1.47 and a beta of 1.47.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 earnings per share 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 business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the business earned $1.12 earnings per share. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. Equities analysts forecast that V.F. Co. will post 1.1 EPS for the current fiscal year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders 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 annualized dividend and a yield of 2.97%. V.F.’s payout ratio is currently -18.27%.

Insiders Place Their Bets

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

V.F. Company 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.