V.F. Co. (NYSE:VFC) Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its position in V.F. Co. (NYSE:VFC) by 31.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,025 shares of the textile maker’s stock after selling 4,498 shares during the quarter. SVB Wealth LLC’s holdings in V.F. were worth $188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VFC. Wolff Wiese Magana LLC boosted its stake in shares of V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 1,276 shares during the period. CKW Financial Group acquired a new stake in shares of V.F. during the third quarter worth $30,000. Allworth Financial LP raised its holdings in shares of V.F. by 111.5% during the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares during the period. CVA Family Office LLC acquired a new stake in shares of V.F. during the fourth quarter worth $39,000. Finally, ORG Partners LLC acquired a new stake in shares of V.F. in the 4th quarter worth about $40,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, February 5th. Stifel Nicolaus restated a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. Wells Fargo & Company decreased 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. The Goldman Sachs Group cut shares of V.F. from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $14.00 in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. decreased 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 analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, V.F. has an average rating of “Hold” and a consensus price target of $17.97.

V.F. Trading Up 1.3 %

NYSE:VFC opened at $12.95 on Wednesday. V.F. Co. has a 12 month low of $11.91 and a 12 month high of $23.55. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -6.57, a P/E/G ratio of 1.43 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. The company’s 50 day moving average is $14.80 and its 200-day moving average is $16.25.

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

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s payout ratio is -18.27%.

Insider Transactions at V.F.

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

V.F. 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.