Russell Investments Group Ltd. Increases Stock Holdings in V.F. Co. (NYSE:VFC)

Russell Investments Group Ltd. lifted its stake in shares of V.F. Co. (NYSE:VFC) by 33.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 513,974 shares of the textile maker’s stock after acquiring an additional 129,548 shares during the quarter. Russell Investments Group Ltd.’s holdings in V.F. were worth $9,667,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Wolff Wiese Magana LLC raised 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 worth $25,000 after acquiring an additional 1,276 shares in the last quarter. Allworth Financial LP grew its holdings in shares of V.F. by 111.5% during 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 during the last quarter. CVA Family Office LLC acquired a new stake in shares of V.F. during the fourth quarter worth about $39,000. ORG Partners LLC purchased a new stake in shares of V.F. in the 4th quarter valued at about $40,000. Finally, Covestor Ltd boosted its position in shares of V.F. by 335.8% in the 3rd 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 during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insider Activity at V.F.

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

Wall Street Analyst Weigh In

Several research analysts have commented on VFC shares. JPMorgan Chase & Co. cut their price target on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, April 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 price target on shares of V.F. in a research report on Tuesday, April 9th. UBS Group lowered 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 report on Monday, February 5th. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Williams Trading reissued a “sell” rating on shares of V.F. in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.88.

V.F. Price Performance

VFC opened at $12.78 on Tuesday. The business has a fifty day simple moving average of $14.13 and a 200-day simple moving average of $15.99. V.F. Co. has a fifty-two week low of $11.91 and a fifty-two week high of $22.63. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70.

V.F. (NYSE:VFC) last announced its 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). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the business earned $1.12 earnings per share. The business’s quarterly revenue was down 16.2% compared to the same quarter last year. On average, equities analysts predict that V.F. Co. will post 1.11 earnings per share for the current year.

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.