B.A. Schrock Wealth Management Inc. bought a new stake in V.F. Corporation (NYSE:VFC – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 99,156 shares of the textile maker’s stock, valued at approximately $1,429,000.
Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of V.F. by 27.9% in the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 588 shares during the period. HB Wealth Management LLC increased its position in V.F. by 4.9% during the second quarter. HB Wealth Management LLC now owns 30,687 shares of the textile maker’s stock worth $512,000 after acquiring an additional 1,428 shares during the period. IFP Advisors Inc increased its position in V.F. by 27.3% during the second quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock worth $111,000 after acquiring an additional 1,431 shares during the period. Hsbc Holdings PLC raised its stake in V.F. by 7.7% in the 2nd quarter. Hsbc Holdings PLC now owns 29,518 shares of the textile maker’s stock worth $492,000 after purchasing an additional 2,121 shares in the last quarter. Finally, Root Financial Partners LLC raised 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 in the last quarter. Institutional investors own 86.84% of the company’s stock.
V.F. Stock Performance
NYSE VFC opened at $16.46 on Thursday. The firm’s fifty day moving average price is $14.02 and its two-hundred day moving average price is $16.19. The stock has a market cap of $6.47 billion, a PE ratio of 19.36, a PEG ratio of 0.85 and a beta of 1.56. V.F. Corporation has a fifty-two week low of $12.45 and a fifty-two 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.
V.F. (NYSE:VFC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). V.F. had a net margin of 2.88% and a return on equity of 18.91%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. On average, equities analysts expect that V.F. Corporation will post 1.09 EPS for the current fiscal year.
V.F. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 10th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 10th. V.F.’s dividend payout ratio is presently 52.17%.
Insider Activity
In other news, insider Bracken Darrell purchased 32,894 shares of V.F. stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $14.98 per share, for a total transaction of $492,752.12. Following the completion of the acquisition, the insider owned 1,402,109 shares in the company, valued at approximately $21,003,592.82. This trade represents a 2.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Carucci acquired 20,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was purchased at an average cost of $14.73 per share, with a total value of $294,600.00. Following the purchase, the director directly owned 356,215 shares of the company’s stock, valued at $5,247,046.95. This trade represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.54% of the stock is currently owned by company insiders.
Key V.F. News
Here are the key news stories impacting V.F. this week:
- Positive Sentiment: Truist upgraded VFC to Buy from Hold and set a $20 price target, implying meaningful potential upside from recent trading levels. The firm’s call is helping drive renewed optimism around V.F.’s turnaround. Truist upgrades V.F. to Buy
- Positive Sentiment: Piper Sandler upgraded VFC to Overweight from Neutral, adding to the bullish analyst momentum surrounding the stock. Piper Sandler upgrades V.F.
- Positive Sentiment: Barclays expressed optimism that V.F.’s turnaround remains undervalued. The view suggests investors may be underappreciating the company’s recovery potential and improving earnings outlook. Barclays optimism on V.F.’s turnaround
- Positive Sentiment: Recent share-price strength occurred alongside above-average volume and favorable earnings-estimate revision trends, which may support continued momentum if the company delivers on its restructuring and brand-recovery plans. Zacks analysis of V.F. strength
- Neutral Sentiment: JPMorgan raised its rating to Neutral from Underweight, reducing a prior bearish overhang but stopping short of recommending the shares. JPMorgan upgrades V.F. to Neutral
- Negative Sentiment: Stifel maintained a Hold rating, while broader sell-side coverage still characterizes VFC as a Hold. This signals that analysts remain cautious about execution, profitability and the durability of the turnaround. Stifel maintains Hold rating on V.F.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of V.F. in a research report on Tuesday, September 1st. The Goldman Sachs Group decreased their price target on V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen downgraded V.F. from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. BTIG Research reaffirmed a “buy” rating on shares of V.F. in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. raised shares of V.F. from an “underweight” rating to a “neutral” rating and set a $18.00 price objective for the company in a research report on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.92.
Read Our Latest Research Report on VFC
V.F. Company Profile
V.F. Corporation (NYSE: VFC) is a global apparel, footwear and accessories company. Its portfolio includes well-known outdoor, active and workwear brands such as The North Face, Vans, Timberland and Dickies, which offer products ranging from outdoor clothing and hiking footwear to casual apparel, skate shoes and workwear.
The company sells its products through wholesale customers, brand-operated stores, e-commerce platforms and other digital channels. V.F. serves consumers in markets worldwide, with operations and distribution spanning North America, Europe, Asia-Pacific and other international regions.
Founded in 1899 as a manufacturer of gloves and mittens, the company later expanded into apparel and became known as Vanity Fair Mills before adopting the V.F.
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