abrdn plc Purchases 89,883 Shares of V.F. Co. (NYSE:VFC)

abrdn plc lifted its stake in V.F. Co. (NYSE:VFC) by 28.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 408,574 shares of the textile maker’s stock after buying an additional 89,883 shares during the quarter. abrdn plc owned about 0.11% of V.F. worth $7,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of V.F. by 1.2% in the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after buying an additional 475,239 shares during the period. Northern Trust Corp raised its stake in shares of V.F. by 1.1% in the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after buying an additional 257,992 shares during the period. Guinness Asset Management LTD raised its stake in shares of V.F. by 2.8% in the third quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock worth $135,306,000 after buying an additional 207,783 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of V.F. by 48.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock worth $54,756,000 after buying an additional 1,004,583 shares during the period. Finally, FMR LLC raised its stake in shares of V.F. by 44.8% in the third quarter. FMR LLC now owns 2,768,318 shares of the textile maker’s stock worth $48,916,000 after buying an additional 856,751 shares during the period. Institutional investors own 86.84% of the company’s stock.

Insider Activity

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

V.F. Trading Up 0.2 %

NYSE VFC opened at $12.64 on Friday. V.F. Co. has a 1-year low of $11.91 and a 1-year high of $23.55. The business has a 50 day simple moving average of $14.55 and a two-hundred day simple moving average of $16.18. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23.

V.F. (NYSE:VFC) last posted its quarterly earnings data 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). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 earnings per share. On average, sell-side analysts anticipate that V.F. Co. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com raised V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. UBS Group cut their target price on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Williams Trading reiterated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $22.00 target price on shares of V.F. in a research report on Tuesday, January 30th. Finally, Wedbush cut their target price on V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.88.

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.