Retirement Systems of Alabama Sells 1,887 Shares of V.F. Co. (NYSE:VFC)

Retirement Systems of Alabama lowered its position in shares of V.F. Co. (NYSE:VFC) by 2.5% during the fourth quarter, HoldingsChannel reports. The fund owned 72,849 shares of the textile maker’s stock after selling 1,887 shares during the quarter. Retirement Systems of Alabama’s holdings in V.F. were worth $1,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC raised its stake in shares of V.F. by 2,835.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,276 shares during the last quarter. Allworth Financial LP grew its position in shares of V.F. by 111.5% in 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 last quarter. CVA Family Office LLC acquired a new stake in shares of V.F. in the fourth quarter valued at about $39,000. ORG Partners LLC bought a new position in shares of V.F. during the fourth quarter worth about $40,000. Finally, Covestor Ltd lifted its stake 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 worth $42,000 after acquiring an additional 1,837 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insider Transactions at V.F.

In related news, Director Juliana L. Chugg purchased 11,301 shares of V.F. stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average price of $17.55 per share, for a total transaction 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 Securities & Exchange Commission, which is available at this link. In other V.F. news, insider Bracken Darrell purchased 65,360 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Juliana L. Chugg acquired 11,301 shares of V.F. stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $17.55 per share, with a total value 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 Down 0.6 %

VFC opened at $12.59 on Thursday. 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. The company’s 50-day moving average is $14.06 and its 200 day moving average is $15.96. The firm has a market capitalization of $4.90 billion, a P/E ratio of -6.39, a PEG ratio of 1.38 and a beta of 1.49.

V.F. (NYSE:VFC) last released its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.22). The business 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 business’s revenue was down 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 earnings per share. Research analysts expect that V.F. Co. will post 1.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of V.F. from $14.00 to $12.50 and set a “neutral” rating for the company in a report on Friday, April 26th. UBS Group decreased their price target on V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, February 5th. BNP Paribas reissued a “neutral” rating and issued a $14.00 price objective (down from $18.00) on shares of V.F. in a research note on Friday, April 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 target price on shares of V.F. in a report on Tuesday, April 9th. Finally, 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 report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, V.F. currently has an average rating of “Hold” and a consensus target price 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.