V.F. Co. (NYSE:VFC) Shares Sold by Cerity Partners LLC

Cerity Partners LLC decreased its stake in shares of V.F. Co. (NYSE:VFC) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,806 shares of the textile maker’s stock after selling 8,312 shares during the period. Cerity Partners LLC’s holdings in V.F. were worth $316,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC increased its stake in V.F. by 2,835.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after buying an additional 1,276 shares during the period. Allworth Financial LP increased its stake in V.F. by 111.5% during the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after buying an additional 958 shares during the period. CVA Family Office LLC acquired a new position in V.F. during the 4th quarter valued at about $39,000. Covestor Ltd increased its stake in V.F. by 335.8% during the 3rd quarter. Covestor Ltd now owns 2,384 shares of the textile maker’s stock valued at $42,000 after buying an additional 1,837 shares during the period. Finally, Global Retirement Partners LLC increased its stake in V.F. by 28.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,225 shares of the textile maker’s stock valued at $61,000 after buying an additional 715 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insider Activity at V.F.

In other V.F. news, Director Juliana L. Chugg acquired 11,301 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 26,301 shares in the company, valued at $461,582.55. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other V.F. news, Director Juliana L. Chugg acquired 11,301 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 26,301 shares in the company, valued at $461,582.55. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bracken Darrell acquired 65,360 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the transaction, 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. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

VFC has been the topic of several research analyst reports. Williams Trading reissued a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. Telsey Advisory Group restated an “outperform” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, January 30th. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.88.

V.F. Stock Performance

VFC stock opened at $12.64 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 has a market cap of $4.91 billion, a P/E ratio of -6.42, a P/E/G ratio of 1.41 and a beta of 1.47. The firm has a 50 day simple moving average of $14.55 and a 200 day simple moving average of $16.18. V.F. Co. has a 52 week low of $11.91 and a 52 week high of $23.55.

V.F. (NYSE:VFC) last posted its quarterly 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 positive return on equity of 19.03% and a negative net margin of 7.07%. The business’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 earnings per share. Research analysts anticipate that V.F. Co. will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

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