38,331 Shares in V.F. Co. (NYSE:VFC) Bought by Simplicity Solutions LLC

Simplicity Solutions LLC bought a new position in shares of V.F. Co. (NYSE:VFC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,331 shares of the textile maker’s stock, valued at approximately $721,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VFC. American Century Companies Inc. boosted its stake in V.F. by 65.3% in the first quarter. American Century Companies Inc. now owns 31,193 shares of the textile maker’s stock valued at $1,773,000 after acquiring an additional 12,328 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in V.F. by 98.9% in the first quarter. Panagora Asset Management Inc. now owns 28,234 shares of the textile maker’s stock valued at $1,605,000 after acquiring an additional 14,036 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in V.F. by 5.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,190 shares of the textile maker’s stock valued at $2,456,000 after acquiring an additional 2,270 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in V.F. by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,567,185 shares of the textile maker’s stock valued at $89,124,000 after acquiring an additional 187,008 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in V.F. by 6.0% in the first quarter. Vontobel Holding Ltd. now owns 13,192 shares of the textile maker’s stock valued at $771,000 after acquiring an additional 751 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Williams Trading restated a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. Telsey Advisory Group restated an “outperform” rating and issued a $22.00 price objective on shares of V.F. in a research note on Tuesday, January 30th. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. UBS Group reduced their target price on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, Wells Fargo & Company reduced their target price on shares of V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.97.

V.F. Stock Down 2.5 %

NYSE VFC opened at $12.25 on Thursday. V.F. Co. has a 52-week low of $11.91 and a 52-week high of $23.55. The firm has a 50-day moving average price of $15.06 and a 200 day moving average price of $16.36. 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 issued its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $3.24 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s quarterly revenue was down 16.2% compared to the same quarter last year. On average, equities research analysts predict that V.F. Co. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, March 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.94%. V.F.’s dividend payout ratio (DPR) is -18.27%.

Insider Transactions at V.F.

In other V.F. news, Director Juliana L. Chugg acquired 11,301 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $17.55 per share, with a total value of $198,332.55. Following the purchase, the director now directly owns 26,301 shares in the company, valued at approximately $461,582.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through 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 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 completion of the purchase, the director now directly owns 26,301 shares in the company, valued at approximately $461,582.55. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

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.