Golden State Equity Partners Acquires 5,351 Shares of V.F. Co. (NYSE:VFC)

Golden State Equity Partners grew its holdings in V.F. Co. (NYSE:VFC) by 19.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,362 shares of the textile maker’s stock after purchasing an additional 5,351 shares during the period. Golden State Equity Partners’ holdings in V.F. were worth $627,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in V.F. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after acquiring an additional 475,239 shares during the last quarter. Northern Trust Corp grew its position in V.F. by 1.1% during the 3rd quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after acquiring an additional 257,992 shares during the last quarter. Guinness Asset Management LTD grew its position in V.F. by 2.8% during the 3rd quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock worth $135,306,000 after acquiring an additional 207,783 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in V.F. by 48.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock worth $54,756,000 after acquiring an additional 1,004,583 shares during the last quarter. Finally, FMR LLC grew its position in shares of V.F. by 44.8% in the 3rd quarter. FMR LLC now owns 2,768,318 shares of the textile maker’s stock valued at $48,916,000 after buying an additional 856,751 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VFC. BNP Paribas reissued a “neutral” rating and issued a $14.00 price objective (down from $18.00) on shares of V.F. in a research note on Friday, April 12th. Williams Trading reaffirmed a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. Wedbush dropped their price target 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. UBS Group dropped their price target 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. Finally, JPMorgan Chase & Co. dropped their price target on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.88.

Insider Buying and Selling at V.F.

In other news, Director Juliana L. Chugg acquired 11,301 shares of V.F. stock in a transaction on Monday, February 12th. The stock was 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 owns 26,301 shares in the company, valued at $461,582.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Bracken Darrell bought 65,360 shares of the company’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the transaction, the insider now directly 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 at this link. Also, Director Juliana L. Chugg bought 11,301 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the transaction, the director now owns 26,301 shares of the company’s stock, valued at $461,582.55. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

V.F. Price Performance

Shares of VFC stock traded up $0.02 during trading on Friday, hitting $12.64. The company’s stock had a trading volume of 5,770,336 shares, compared to its average volume of 11,145,526. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The business has a fifty day moving average of $14.55 and a 200-day moving average of $16.18. V.F. Co. has a 52 week low of $11.91 and a 52 week high of $23.55.

V.F. (NYSE:VFC) last released its earnings results 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). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.24 billion. V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The business’s revenue was down 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 earnings per share. On average, research analysts expect that V.F. Co. will post 1.1 earnings per share for the current year.

V.F. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, March 8th. V.F.’s dividend payout ratio (DPR) is -18.27%.

V.F. 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.