V.F. Co. (NYSE:VFC) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in V.F. Co. (NYSE:VFC) by 1,754.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,393 shares of the textile maker’s stock after acquiring an additional 27,808 shares during the period. International Assets Investment Management LLC’s holdings in V.F. were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of V.F. by 0.8% in the fourth quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock worth $1,708,000 after acquiring an additional 702 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in V.F. during the fourth quarter worth $234,000. Galibier Capital Management Ltd. acquired a new position in V.F. during the fourth quarter worth $1,537,000. Black Swift Group LLC acquired a new position in V.F. during the fourth quarter worth $470,000. Finally, Fifth Third Bancorp boosted its stake in V.F. by 6.2% during the fourth quarter. Fifth Third Bancorp now owns 33,071 shares of the textile maker’s stock worth $622,000 after buying an additional 1,942 shares during the last quarter. 86.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group lowered their price objective on V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. Wedbush lowered their price objective on V.F. from $16.50 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Williams Trading restated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. The Goldman Sachs Group downgraded V.F. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $14.00 in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company reduced their target price on V.F. from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.97.

Insider Buying and Selling

In related news, Director Juliana L. Chugg bought 11,301 shares of the 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 purchase, the director now directly owns 26,301 shares of the company’s stock, valued at approximately $461,582.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other V.F. news, insider Bracken Darrell acquired 65,360 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $15.38 per share, with a total value of $1,005,236.80. Following the transaction, the insider now 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 is available through the SEC website. Also, Director Juliana L. Chugg acquired 11,301 shares of the stock in a transaction dated 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 transaction, the director now owns 26,301 shares in the company, valued at approximately $461,582.55. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

V.F. Price Performance

VFC stock opened at $12.99 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $5.05 billion, a PE ratio of -6.59, a P/E/G ratio of 1.43 and a beta of 1.47. V.F. Co. has a 12-month low of $11.91 and a 12-month high of $23.55. The business’s fifty day moving average price is $14.71 and its 200 day moving average price is $16.23.

V.F. (NYSE:VFC) last posted its quarterly earnings data 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). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. V.F.’s quarterly revenue was down 16.2% compared to the same quarter last year. On average, sell-side analysts anticipate that V.F. Co. will post 1.1 EPS for the current 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 paid a dividend of $0.09 per share. The ex-dividend date was Friday, March 8th. This represents a $0.36 annualized dividend and a yield of 2.77%. V.F.’s payout ratio is -18.27%.

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.