Evergreen Capital Management LLC Invests $226,000 in VF Corporation (NYSE:VFC)

Evergreen Capital Management LLC bought a new position in VF Corporation (NYSE:VFC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,708 shares of the textile maker’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new position in shares of VF during the first quarter valued at about $27,000. Future Financial Wealth Managment LLC bought a new position in VF during the 1st quarter worth approximately $31,000. Bank & Trust Co purchased a new position in VF in the 2nd quarter worth approximately $35,000. Versant Capital Management Inc lifted its position in VF by 6,981.1% in the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 2,583 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of VF during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Insider Activity at VF

In other news, Director Richard Carucci bought 15,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

VFC has been the subject of a number of recent analyst reports. Telsey Advisory Group upped their price target on shares of VF from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Evercore ISI boosted their price target on VF from $14.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 7th. TD Cowen increased their price objective on VF from $9.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, UBS Group boosted their target price on VF from $12.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.41.

VF Price Performance

Shares of VFC opened at $19.57 on Friday. VF Corporation has a fifty-two week low of $11.00 and a fifty-two week high of $20.69. The firm’s 50-day simple moving average is $17.51 and its two-hundred day simple moving average is $14.88. The stock has a market cap of $7.62 billion, a PE ratio of -7.83, a price-to-earnings-growth ratio of 2.15 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.

VF (NYSE:VFC) last posted its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.04. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. VF 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 in the prior year, the business posted ($0.15) EPS. Analysts anticipate that VF Corporation will post 0.72 earnings per share for the current fiscal year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Tuesday, September 10th. VF’s payout ratio is -14.40%.

About VF

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.