Swiss National Bank Decreases Stake in V.F. Co. (NYSE:VFC)

Swiss National Bank decreased its holdings in shares of V.F. Co. (NYSE:VFC) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,029,700 shares of the textile maker’s stock after selling 29,700 shares during the quarter. Swiss National Bank’s holdings in V.F. were worth $19,358,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VFC. Charles Schwab Investment Management Inc. grew its holdings in shares of V.F. by 48.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock worth $54,756,000 after buying an additional 1,004,583 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of V.F. by 559.7% during the third quarter. Wellington Management Group LLP now owns 1,113,192 shares of the textile maker’s stock worth $19,670,000 after buying an additional 944,449 shares in the last quarter. FMR LLC grew its holdings in shares of V.F. by 44.8% during the third quarter. FMR LLC now owns 2,768,318 shares of the textile maker’s stock worth $48,916,000 after buying an additional 856,751 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of V.F. by 220.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,045,497 shares of the textile maker’s stock worth $18,474,000 after buying an additional 718,772 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of V.F. by 1.2% during the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after buying an additional 475,239 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Stock Up 1.2 %

Shares of VFC opened at $12.74 on Friday. The stock has a market capitalization of $4.95 billion, a PE ratio of -6.46, a P/E/G ratio of 1.38 and a beta of 1.49. V.F. Co. has a 1 year low of $11.91 and a 1 year high of $22.63. 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 company’s 50-day simple moving average is $13.99 and its 200-day simple moving average is $15.93.

V.F. (NYSE:VFC) last issued its quarterly 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 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 in the prior year, the company posted $1.12 EPS. Analysts forecast that V.F. Co. will post 1.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Juliana L. Chugg bought 11,301 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the purchase, the director now owns 26,301 shares of the company’s stock, valued at $461,582.55. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wedbush dropped their price objective on shares of V.F. from $16.50 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, February 7th. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BNP Paribas reissued a “neutral” rating and issued a $14.00 price objective (down previously from $18.00) on shares of V.F. in a report on Friday, April 12th. Wells Fargo & Company dropped their price objective on shares of V.F. from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Finally, UBS Group dropped their price objective on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.