Bracken Darrell Purchases 32,894 Shares of V.F. (NYSE:VFC) Stock

V.F. Corporation (NYSE:VFC) insider Bracken Darrell purchased 32,894 shares of V.F. stock in a transaction on Friday, July 31st. The stock was bought at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the transaction, the insider directly owned 1,402,109 shares in the company, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

V.F. Stock Up 0.1%

V.F. stock opened at $14.34 on Monday. V.F. Corporation has a 52-week low of $11.10 and a 52-week high of $22.27. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a 50 day moving average price of $16.82 and a two-hundred day moving average price of $18.00. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.02 and a beta of 1.57.

V.F. (NYSE:VFC) last posted its quarterly earnings data 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 business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.The business’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the business posted ($0.24) earnings per share. Equities analysts predict that V.F. Corporation will post 1.08 EPS for the current year.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.5%. V.F.’s payout ratio is currently 52.17%.

Wall Street Analyst Weigh In

VFC has been the subject of several analyst reports. Needham & Company LLC lowered their price objective on V.F. from $25.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings lowered V.F. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Citigroup began coverage on shares of V.F. in a research report on Thursday, May 21st. They set a “neutral” rating and a $18.00 price target for the company. Telsey Advisory Group dropped their price objective on V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company lowered their price objective on V.F. from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.21.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VFC. Parallel Advisors LLC boosted its stake in shares of V.F. by 27.9% in the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 588 shares in the last quarter. Root Financial Partners LLC increased its stake in V.F. by 282.9% in the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after purchasing an additional 2,255 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of V.F. by 151.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock valued at $125,000 after purchasing an additional 4,167 shares during the period. Versant Capital Management Inc grew its holdings in shares of V.F. by 213.7% in the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock worth $135,000 after purchasing an additional 5,503 shares during the last quarter. Finally, Quent Capital LLC raised its holdings in V.F. by 1,635.2% during the 4th quarter. Quent Capital LLC now owns 13,170 shares of the textile maker’s stock valued at $238,000 after buying an additional 12,411 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

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.