Xponance Inc. Lowers Stock Position in V.F. Co. (NYSE:VFC)

Xponance Inc. lessened its stake in V.F. Co. (NYSE:VFC) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,712 shares of the textile maker’s stock after selling 9,735 shares during the period. Xponance Inc.’s holdings in V.F. were worth $935,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VFC. Arizona State Retirement System raised its holdings in shares of V.F. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock valued at $1,708,000 after buying an additional 702 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of V.F. by 28.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock worth $61,000 after acquiring an additional 715 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of V.F. by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 153,537 shares of the textile maker’s stock worth $2,713,000 after acquiring an additional 780 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of V.F. by 3.0% in the 3rd quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after purchasing an additional 812 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in shares of V.F. by 1.6% during the 3rd quarter. Savant Capital LLC now owns 54,783 shares of the textile maker’s stock valued at $968,000 after purchasing an additional 859 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

Insider Activity

In other news, Director Juliana L. Chugg purchased 11,301 shares of V.F. 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 purchase, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other V.F. news, Director Juliana L. Chugg purchased 11,301 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $17.55 per share, with a total value of $198,332.55. Following the transaction, the director now directly owns 26,301 shares in the company, valued at approximately $461,582.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bracken Darrell acquired 65,360 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the acquisition, the insider now owns 144,281 shares of the company’s stock, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VFC shares. The Goldman Sachs Group downgraded shares of V.F. from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $14.00 in a research note on Wednesday, February 7th. Telsey Advisory Group restated an “outperform” rating and set a $22.00 target price on shares of V.F. in a report on Tuesday, January 30th. StockNews.com upgraded V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BNP Paribas reiterated a “neutral” rating and issued a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. Finally, 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 report on Monday, February 5th. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.97.

V.F. Stock Down 2.9 %

Shares of V.F. stock opened at $12.62 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. V.F. Co. has a 12-month low of $11.91 and a 12-month high of $23.55. The company has a market cap of $4.90 billion, a P/E ratio of -6.40, a PEG ratio of 1.45 and a beta of 1.47. The company’s fifty day simple moving average is $14.63 and its two-hundred day simple moving average is $16.20.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. V.F.’s quarterly revenue was down 16.2% compared to the same quarter last year. Research analysts anticipate that V.F. Co. will post 1.1 EPS for the current year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio is currently -18.27%.

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.