V.F. Co. (NYSE:VFC) Stock Holdings Lessened by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in V.F. Co. (NYSE:VFC) by 57.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 334,105 shares of the textile maker’s stock after selling 458,145 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in V.F. were worth $6,281,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp acquired a new stake in V.F. during the 4th quarter valued at $188,000. Louisiana State Employees Retirement System acquired a new stake in V.F. during the 4th quarter valued at $376,000. Simplicity Solutions LLC acquired a new stake in V.F. during the 4th quarter valued at $721,000. ORG Partners LLC acquired a new stake in V.F. during the 4th quarter valued at $40,000. Finally, GHP Investment Advisors Inc. raised its stake in V.F. by 62.9% during the 4th quarter. GHP Investment Advisors Inc. now owns 59,332 shares of the textile maker’s stock valued at $1,115,000 after purchasing an additional 22,907 shares during the period. Institutional investors own 86.84% of the company’s stock.

Insider Buying and Selling

In other news, Director Juliana L. Chugg acquired 11,301 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $17.55 per share, with a total value of $198,332.55. Following the completion of the acquisition, the director now 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 the SEC website. In other news, insider Bracken Darrell acquired 65,360 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $15.38 per share, with a total value of $1,005,236.80. Following the completion of the acquisition, the insider now owns 144,281 shares in the company, valued at approximately $2,219,041.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Juliana L. Chugg purchased 11,301 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were 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 directly owns 26,301 shares of the company’s stock, valued at $461,582.55. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

V.F. Stock Performance

Shares of VFC opened at $12.83 on Friday. The company has a 50-day simple moving average of $14.96 and a 200-day simple moving average of $16.30. 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. Co. has a 52 week low of $11.91 and a 52 week high of $23.55.

V.F. (NYSE:VFC) last announced 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). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the company posted $1.12 EPS. The firm’s quarterly revenue was down 16.2% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio (DPR) is presently -18.27%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VFC. UBS Group dropped their price target on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $22.00 price target on shares of V.F. in a research note on Tuesday, January 30th. Williams Trading reiterated a “sell” rating on shares of V.F. in a report on Thursday, January 25th. BNP Paribas reiterated a “neutral” rating and issued a $14.00 price objective (down from $18.00) on shares of V.F. in a report on Friday, April 12th. Finally, Wedbush decreased their price objective on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.97.

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.