V.F. (NYSE:VFC) Director Richard Carucci Buys 20,000 Shares of Stock

V.F. Corporation (NYSE:VFC) Director Richard Carucci acquired 20,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of $14.73 per share, for a total transaction of $294,600.00. Following the completion of the transaction, the director owned 356,215 shares in the company, valued at approximately $5,247,046.95. This represents a 5.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Richard Carucci also recently made the following trade(s):

• On Tuesday, June 9th, Richard Carucci acquired 30,000 shares of V.F. stock. The shares were bought at an average price of $17.17 per share, with a total value of $515,100.00.

V.F. Trading Up 0.1%

V.F. stock opened at $14.89 on Monday. V.F. Corporation has a 12-month low of $12.60 and a 12-month high of $22.27. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 1.07 and a beta of 1.57. The firm has a 50 day moving average of $16.42 and a 200 day moving average of $17.69. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. V.F. had a net margin of 2.88% and a return on equity of 18.91%. V.F.’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) EPS. As a group, research analysts predict that V.F. Corporation will post 1.07 earnings per share for the current year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, September 10th. V.F.’s dividend payout ratio is presently 52.17%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings lowered V.F. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Williams Trading set a $19.00 target price on V.F. in a research note on Sunday, May 17th. Wall Street Zen cut V.F. from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Zacks Research downgraded V.F. from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Stifel Nicolaus cut their price objective on shares of V.F. from $19.00 to $17.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, V.F. presently has an average rating of “Hold” and a consensus price target of $18.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VFC. Bank of New York Mellon Corp purchased a new position in shares of V.F. during the second quarter valued at about $42,038,000. Russell Investments Group Ltd. lifted its position in shares of V.F. by 14.0% in the fourth quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock worth $11,930,000 after buying an additional 81,006 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of V.F. by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 540,861 shares of the textile maker’s stock worth $9,779,000 after buying an additional 4,249 shares in the last quarter. Madison Asset Management LLC bought a new position in V.F. during the second quarter valued at approximately $3,913,000. Finally, Hillsdale Investment Management Inc. bought a new position in V.F. during the first quarter valued at approximately $3,209,000. Institutional investors own 86.84% of the company’s stock.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.