Daiwa Securities Group Inc. Grows Position in V.F. Co. (NYSE:VFC)

Daiwa Securities Group Inc. boosted its stake in V.F. Co. (NYSE:VFC) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,298 shares of the textile maker’s stock after buying an additional 1,054 shares during the period. Daiwa Securities Group Inc.’s holdings in V.F. were worth $570,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VFC. Prudential PLC raised its stake in shares of V.F. by 20.6% in the 3rd quarter. Prudential PLC now owns 23,864 shares of the textile maker’s stock valued at $422,000 after acquiring an additional 4,070 shares during the period. Deutsche Bank AG raised its position in V.F. by 11.9% in the third quarter. Deutsche Bank AG now owns 1,581,532 shares of the textile maker’s stock valued at $27,946,000 after purchasing an additional 168,465 shares during the period. Vanguard Group Inc. lifted its stake in V.F. by 1.2% during the third 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. Nordea Investment Management AB boosted its position in shares of V.F. by 3.0% during the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock worth $486,000 after buying an additional 812 shares during the period. Finally, Modus Advisors LLC purchased a new stake in shares of V.F. in the 4th quarter valued at $1,414,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insider Buying and Selling

In other news, insider Bracken Darrell acquired 65,360 shares of the company’s stock in a transaction on Friday, February 9th. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Juliana L. Chugg acquired 11,301 shares of the firm’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 completion of the acquisition, the director now owns 26,301 shares of the company’s stock, valued at $461,582.55. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bracken Darrell bought 65,360 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the acquisition, the insider now directly owns 144,281 shares in the company, valued at $2,219,041.78. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

V.F. Stock Down 2.9 %

V.F. stock opened at $12.62 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The stock’s fifty day moving average is $14.63 and its two-hundred day moving average is $16.20. V.F. Co. has a 1-year low of $11.91 and a 1-year high of $23.55.

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). The business had revenue of $2.96 billion for 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% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. On average, equities research analysts anticipate that V.F. Co. will post 1.1 EPS for the current fiscal year.

V.F. Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Friday, March 8th. V.F.’s dividend payout ratio (DPR) is -18.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VFC shares. Wedbush lowered their target price on V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, February 7th. BNP Paribas reissued a “neutral” rating and issued a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. UBS Group cut their target price 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 reissued an “outperform” rating and issued a $22.00 price target on shares of V.F. in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.97.

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.