Handelsbanken Fonder AB Has $1.45 Million Stake in V.F. Co. (NYSE:VFC)

Handelsbanken Fonder AB raised its position in shares of V.F. Co. (NYSE:VFC) by 47.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 76,900 shares of the textile maker’s stock after acquiring an additional 24,800 shares during the period. Handelsbanken Fonder AB’s holdings in V.F. were worth $1,446,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VFC. Wolff Wiese Magana LLC increased its holdings 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 in the last quarter. Allworth Financial LP increased its holdings in shares of V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 958 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of V.F. in the fourth quarter valued at approximately $39,000. ORG Partners LLC acquired a new stake in shares of V.F. in the fourth quarter valued at approximately $40,000. Finally, Covestor Ltd increased its holdings in shares of V.F. by 335.8% in the third quarter. Covestor Ltd now owns 2,384 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 1,837 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered 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. Williams Trading reaffirmed a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. The Goldman Sachs Group reduced their price objective on shares of V.F. from $14.00 to $12.50 and set a “neutral” rating on the stock in a research note on Friday. UBS Group reduced their price objective 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. Finally, Wedbush reduced their price objective on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, V.F. currently has a consensus rating of “Hold” and a consensus price target of $17.88.

Insider Buying and Selling at V.F.

In other V.F. news, insider Bracken Darrell purchased 65,360 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the purchase, the insider now owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other V.F. news, insider Bracken Darrell purchased 65,360 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the purchase, the insider now owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Juliana L. Chugg purchased 11,301 shares of the stock in a transaction on Monday, February 12th. The stock was acquired at an average price 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 in the company, valued at approximately $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 Up 0.2 %

VFC opened at $12.64 on Friday. V.F. Co. has a 12 month low of $11.91 and a 12 month high of $23.55. The firm’s fifty day simple moving average is $14.55 and its 200 day simple moving average is $16.18. 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. (NYSE:VFC) last posted its quarterly earnings data 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 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%. The company’s revenue was down 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 earnings per share. On average, research analysts expect that V.F. Co. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

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

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.