Crossmark Global Holdings Inc. Sells 641 Shares of V.F. Co. (NYSE:VFC)

Crossmark Global Holdings Inc. trimmed its holdings in shares of V.F. Co. (NYSE:VFC) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,659 shares of the textile maker’s stock after selling 641 shares during the period. Crossmark Global Holdings Inc.’s holdings in V.F. were worth $373,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Eagle Bay Advisors LLC bought a new stake in shares of V.F. during the 4th quarter valued at $25,000. Mather Group LLC. bought a new stake in V.F. in the first quarter valued at about $27,000. Future Financial Wealth Managment LLC acquired a new position in V.F. in the first quarter valued at about $31,000. Bank & Trust Co bought a new position in V.F. during the second quarter worth about $35,000. Finally, Versant Capital Management Inc grew its position in shares of V.F. by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after buying an additional 2,583 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

V.F. Stock Performance

Shares of VFC stock opened at $18.83 on Wednesday. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of -7.53, a PEG ratio of 1.88 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. V.F. Co. has a 52 week low of $11.00 and a 52 week high of $20.69. The company has a 50-day simple moving average of $15.89 and a 200 day simple moving average of $14.57.

V.F. (NYSE:VFC) last announced its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. V.F. had a positive return on equity of 11.75% and a negative net margin of 11.39%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.15) earnings per share. On average, sell-side analysts predict that V.F. Co. will post 0.79 earnings per share for the current year.

V.F. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th will be given a $0.09 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.91%. V.F.’s payout ratio is presently -14.40%.

Insider Activity at V.F.

In other V.F. news, Director Richard Carucci acquired 15,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now directly owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bracken Darrell acquired 75,200 shares of V.F. stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $13.26 per share, for a total transaction of $997,152.00. Following the completion of the purchase, the insider now directly owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 115,200 shares of company stock worth $1,592,152. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VFC shares. Wells Fargo & Company lifted their price objective on shares of V.F. from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Bank of America dropped their price objective on V.F. from $13.00 to $11.00 and set an “underperform” rating on the stock in a research note on Thursday, May 23rd. TD Cowen raised their target price on shares of V.F. from $9.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, Argus upgraded shares of V.F. to a “hold” rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.50.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.