Mirae Asset Global Investments Co. Ltd. Has $1.90 Million Stock Position in V.F. Co. (NYSE:VFC)

Mirae Asset Global Investments Co. Ltd. lowered its stake in V.F. Co. (NYSE:VFC) by 62.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 101,107 shares of the textile maker’s stock after selling 171,054 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in V.F. were worth $1,901,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of V.F. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after purchasing an additional 475,239 shares in the last quarter. Northern Trust Corp grew its position in shares of V.F. by 1.1% during the 3rd quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after purchasing an additional 257,992 shares in the last quarter. State Street Corp grew its position in shares of V.F. by 0.9% during the 1st quarter. State Street Corp now owns 18,079,811 shares of the textile maker’s stock worth $1,028,018,000 after purchasing an additional 161,526 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of 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 purchasing an additional 15,827,472 shares in the last quarter. Finally, Guinness Asset Management LTD grew its position in shares of V.F. by 2.8% during the 3rd quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock worth $135,306,000 after purchasing an additional 207,783 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Upgrades and Downgrades

VFC has been the topic of a number of analyst reports. Williams Trading restated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. The Goldman Sachs Group downgraded shares of V.F. from a “buy” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $14.00 in a report on Wednesday, February 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $22.00 price target on shares of V.F. in a report on Tuesday, January 30th. Wells Fargo & Company cut their price target 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. Finally, JPMorgan Chase & Co. cut their price target on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.97.

V.F. Stock Up 1.3 %

Shares of NYSE VFC opened at $12.83 on Friday. The stock has a market capitalization of $4.99 billion, a P/E ratio of -6.51, a P/E/G ratio of 1.37 and a beta of 1.47. The company has a 50-day moving average price of $14.96 and a 200-day moving average price of $16.30. V.F. Co. has a 1 year low of $11.91 and a 1 year high of $23.55. 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 quarterly earnings data on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was down 16.2% compared to the same quarter last year. On average, equities research analysts forecast that V.F. Co. will post 1.1 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s payout ratio is currently -18.27%.

Insider Activity at V.F.

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