Nisa Investment Advisors LLC Sells 49,381 Shares of V.F. Co. (NYSE:VFC)

Nisa Investment Advisors LLC decreased its position in shares of V.F. Co. (NYSE:VFC) by 40.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,835 shares of the textile maker’s stock after selling 49,381 shares during the period. Nisa Investment Advisors LLC’s holdings in V.F. were worth $1,350,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VFC. Moneta Group Investment Advisors LLC increased its position in V.F. by 97,005.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,843,788 shares of the textile maker’s stock worth $437,447,000 after buying an additional 15,827,472 shares during the period. Vanguard Group Inc. increased its position in V.F. by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 40,200,890 shares of the textile maker’s stock worth $2,285,822,000 after buying an additional 5,626,337 shares during the period. Millennium Management LLC increased its position in V.F. by 5,060.5% during the 4th quarter. Millennium Management LLC now owns 5,731,857 shares of the textile maker’s stock worth $158,257,000 after buying an additional 5,620,786 shares during the period. Renaissance Technologies LLC increased its position in shares of V.F. by 295.0% in the first quarter. Renaissance Technologies LLC now owns 4,454,300 shares of the textile maker’s stock worth $102,048,000 after purchasing an additional 3,326,600 shares during the period. Finally, Norges Bank bought a new position in shares of V.F. in the fourth quarter worth $83,445,000. Institutional investors own 86.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VFC. Williams Trading restated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Telsey Advisory Group restated an “outperform” rating and issued a $22.00 price target on shares of V.F. in a research report on Tuesday, January 30th. BNP Paribas restated a “neutral” rating and issued a $14.00 price target (down previously from $18.00) on shares of V.F. in a research report on Friday. StockNews.com upgraded V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Wells Fargo & Company reduced their price objective on V.F. from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. One 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.97.

V.F. Price Performance

Shares of VFC stock opened at $12.11 on Monday. The business’s 50-day moving average price is $15.30 and its 200-day moving average price is $16.45. V.F. Co. has a 12 month low of $12.02 and a 12 month high of $23.58. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70.

V.F. (NYSE:VFC) last posted its quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. V.F.’s revenue was down 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, equities analysts expect that V.F. Co. will post 1.1 earnings per share for the current year.

V.F. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend 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%.

Insider Buying and Selling

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