10,019 Shares in V.F. Co. (NYSE:VFC) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new stake in V.F. Co. (NYSE:VFC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 10,019 shares of the textile maker’s stock, valued at approximately $188,000.

Other large investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in shares of V.F. by 2,835.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,276 shares in the last quarter. Allworth Financial LP boosted its stake in V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of V.F. during the fourth quarter worth $39,000. ORG Partners LLC acquired a new stake in shares of V.F. in the fourth quarter valued at $40,000. Finally, Covestor Ltd raised 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 buying an additional 1,837 shares during the last quarter. 86.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. dropped 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $22.00 price objective on shares of V.F. in a research report on Tuesday, January 30th. The Goldman Sachs Group dropped their target price on V.F. from $14.00 to $12.50 and set a “neutral” rating for the company in a research report on Friday. Finally, BNP Paribas reiterated a “neutral” rating and issued a $14.00 price target (down previously from $18.00) on shares of V.F. in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.88.

V.F. Stock Performance

Shares of VFC stock opened at $12.89 on Tuesday. The firm has a market cap of $5.01 billion, a PE ratio of -6.54, a P/E/G ratio of 1.41 and a beta of 1.48. V.F. Co. has a 12 month low of $11.91 and a 12 month high of $23.53. The company’s fifty day simple moving average is $14.47 and its 200-day simple moving average is $16.17. 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 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 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 firm’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. Equities research analysts expect that V.F. Co. will post 1.1 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.79%. V.F.’s dividend payout ratio is presently -18.27%.

Insider Activity at V.F.

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

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.