Nisa Investment Advisors LLC Has $1.35 Million Stake in V.F. Co. (NYSE:VFC)

Nisa Investment Advisors LLC decreased its stake in shares of V.F. Co. (NYSE:VFC) by 40.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 71,835 shares of the textile maker’s stock after selling 49,381 shares during the period. Nisa Investment Advisors LLC’s holdings in V.F. were worth $1,350,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Prudential PLC increased its holdings in shares of V.F. by 20.6% during the 3rd quarter. Prudential PLC now owns 23,864 shares of the textile maker’s stock valued at $422,000 after acquiring an additional 4,070 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of V.F. by 11.9% during the 3rd quarter. Deutsche Bank AG now owns 1,581,532 shares of the textile maker’s stock valued at $27,946,000 after acquiring an additional 168,465 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of V.F. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock valued at $728,708,000 after acquiring an additional 475,239 shares during the last quarter. Nordea Investment Management AB grew its holdings in V.F. by 3.0% in the 3rd quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after buying an additional 812 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in V.F. in the 4th quarter valued at approximately $1,414,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insider Activity at V.F.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wedbush lowered their target price on V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. The Goldman Sachs Group lowered V.F. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $14.00 in a report on Wednesday, February 7th. JPMorgan Chase & Co. lowered their target price on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 8th. Williams Trading reaffirmed a “sell” rating on shares of V.F. in a report on Thursday, January 25th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $14.00 target price (down previously from $18.00) on shares of V.F. in a report on Friday. One 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.97.

V.F. Stock Performance

V.F. stock opened at $12.11 on Monday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. V.F. Co. has a one year low of $12.02 and a one year high of $23.58. The business has a 50 day simple moving average of $15.30 and a 200 day simple moving average of $16.45.

V.F. (NYSE:VFC) last posted 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). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. V.F.’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 EPS. Research analysts anticipate that V.F. Co. will post 1.1 EPS for the current fiscal year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.97%. V.F.’s dividend payout ratio (DPR) is presently -18.27%.

About V.F.

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.