Raymond James & Associates Decreases Position in V.F. Co. (NYSE:VFC)

Raymond James & Associates decreased its stake in V.F. Co. (NYSE:VFC) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 181,884 shares of the textile maker’s stock after selling 50,839 shares during the quarter. Raymond James & Associates’ holdings in V.F. were worth $3,419,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Wolff Wiese Magana LLC boosted its stake in 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. Compagnie Lombard Odier SCmA boosted its stake in shares of V.F. by 14.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 520,366 shares of the textile maker’s stock worth $9,783,000 after purchasing an additional 66,823 shares during the period. Legato Capital Management LLC bought a new position in V.F. during the 4th quarter valued at about $258,000. Insight Folios Inc raised its position in V.F. by 10.4% in the 4th quarter. Insight Folios Inc now owns 11,881 shares of the textile maker’s stock worth $223,000 after purchasing an additional 1,120 shares during the period. Finally, SG Americas Securities LLC lifted its stake in V.F. by 102.5% in the fourth quarter. SG Americas Securities LLC now owns 115,244 shares of the textile maker’s stock worth $2,167,000 after purchasing an additional 58,323 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

Insider Transactions at V.F.

In other V.F. news, insider Bracken Darrell bought 65,360 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the purchase, the insider now directly owns 144,281 shares in the company, valued at $2,219,041.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Bracken Darrell purchased 65,360 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,219,041.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Juliana L. Chugg acquired 11,301 shares of the stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $17.55 per share, with a total value of $198,332.55. Following the completion of the purchase, the director now directly owns 26,301 shares of the company’s stock, valued at approximately $461,582.55. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com raised V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Wedbush reduced their target price on V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 target price on shares of V.F. in a research report on Tuesday, April 9th. Williams Trading restated a “sell” rating on shares of V.F. in a report on Thursday, January 25th. Finally, BNP Paribas reiterated a “neutral” rating and set a $14.00 price objective (down previously from $18.00) on shares of V.F. in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.97.

V.F. Stock Down 7.8 %

V.F. stock opened at $12.11 on Friday. V.F. Co. has a twelve month low of $12.02 and a twelve month high of $23.58. The business has a fifty day moving average of $15.30 and a two-hundred day moving average of $16.46. The firm has a market cap of $4.71 billion, a P/E ratio of -6.15, a P/E/G ratio of 1.47 and a beta of 1.47. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25.

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 company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter last year, the company earned $1.12 earnings per share. The company’s revenue for the quarter was down 16.2% compared to the same quarter last year. On average, analysts forecast that V.F. Co. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio is currently -18.27%.

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.