Federated Hermes Inc. Sells 32,192 Shares of V.F. Co. (NYSE:VFC)

Federated Hermes Inc. lowered its stake in shares of V.F. Co. (NYSE:VFC) by 80.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,635 shares of the textile maker’s stock after selling 32,192 shares during the quarter. Federated Hermes Inc.’s holdings in V.F. were worth $144,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $54,756,000 after acquiring an additional 1,004,583 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of V.F. by 559.7% in the third quarter. Wellington Management Group LLP now owns 1,113,192 shares of the textile maker’s stock worth $19,670,000 after purchasing an additional 944,449 shares during the period. FMR LLC increased its stake in V.F. by 44.8% in the 3rd quarter. FMR LLC now owns 2,768,318 shares of the textile maker’s stock worth $48,916,000 after acquiring an additional 856,751 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of V.F. by 220.0% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,045,497 shares of the textile maker’s stock valued at $18,474,000 after acquiring an additional 718,772 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of V.F. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after acquiring an additional 475,239 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

V.F. Stock Up 0.4 %

Shares of V.F. stock opened at $12.61 on Monday. 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. Co. has a 52-week low of $11.91 and a 52-week high of $22.63. The company’s 50 day moving average price is $14.19 and its 200-day moving average price is $16.03. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of -6.40, a P/E/G ratio of 1.38 and a beta of 1.49.

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 analysts’ consensus estimates of $0.79 by ($0.22). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. V.F.’s revenue was down 16.2% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. Equities research analysts forecast that V.F. Co. will post 1.11 EPS for the current 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 given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s payout ratio is -18.27%.

Insiders Place Their Bets

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

Analyst Ratings Changes

VFC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. Williams Trading restated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. The Goldman Sachs Group lowered their price target on V.F. from $14.00 to $12.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a $14.00 price target (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. One equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.88.

V.F. Company 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.