V.F. Corporation $VFC Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its stake in shares of V.F. Corporation (NYSE:VFC) by 432.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,391 shares of the textile maker’s stock after purchasing an additional 58,792 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in V.F. were worth $1,018,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VFC. Parallel Advisors LLC lifted its stake in 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 during the last quarter. Root Financial Partners LLC grew its stake in shares of V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after buying an additional 2,255 shares during the last quarter. IFP Advisors Inc grew its stake in shares of 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 buying an additional 1,431 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of V.F. by 213.7% during the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock worth $135,000 after buying an additional 5,503 shares during the last quarter. Finally, Aspiriant LLC acquired a new position in shares of V.F. during the third quarter worth $145,000. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VFC. Barclays increased their price target on V.F. from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Weiss Ratings restated a “sell (d+)” rating on shares of V.F. in a research report on Tuesday, September 1st. Truist Financial set a $20.00 price objective on V.F. and gave the stock a “buy” rating in a research report on Tuesday, October 13th. UBS Group set a $17.00 target price on V.F. in a report on Monday, October 19th. Finally, Williams Trading set a $22.00 target price on V.F. in a research report on Thursday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.35.

Insiders Place Their Bets

In related news, insider Bracken Darrell acquired 32,894 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired 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 directly owned 1,402,109 shares of the company’s stock, valued at approximately $21,003,592.82. This trade represents a 2.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard Carucci acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of $14.73 per share, with a total value of $294,600.00. Following the completion of the acquisition, 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 insiders.

Key V.F. News

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: VFC reported adjusted earnings of $0.70 per share, exceeding the $0.54 analyst consensus, while revenue of approximately $2.70 billion also topped estimates. Net income increased to $285.3 million from $189.8 million a year earlier, supported by higher operating income and a 13.7% operating margin. V.F. Corp. Q2 Earnings Beat on Margin Gains, Brand Strength
• Positive Sentiment: The North Face and Timberland each delivered 4% revenue growth, while Altra also helped drive results. Management reaffirmed its fiscal 2027 outlook for constant-currency revenue growth of at least 2% and an adjusted operating margin of approximately 8%, reducing near-term guidance risk. VF Q2 Net Income Rises to $285 Million
• Positive Sentiment: BTIG Research reaffirmed its Buy rating and set a $23 price target, implying substantial upside from recent trading levels. VFC also declared its quarterly dividend of $0.09 per share. BTIG Research Ratings
• Neutral Sentiment: Management said Vans wholesale trends are expected to improve in the second half, but investors will likely look for evidence that the turnaround is gaining traction.
• Negative Sentiment: Quarterly revenue declined about 4% year over year, with Vans revenue falling 10% to $547.6 million. Wholesale revenue also decreased 6%, highlighting continued brand and channel pressure despite gains in other businesses. VF Corp. Finds Its Winning Formula With North Face and Timberland, but Vans Lags

V.F. Stock Up 1.1%

NYSE:VFC opened at $17.22 on Thursday. The firm’s 50 day simple moving average is $14.53 and its 200 day simple moving average is $16.97. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.43 and a quick ratio of 0.78. V.F. Corporation has a one year low of $12.45 and a one year high of $22.27. The company has a market cap of $6.77 billion, a PE ratio of 24.96, a P/E/G ratio of 0.90 and a beta of 1.56.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Wednesday, October 28th. The textile maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.16. V.F. had a net margin of 2.88% and a return on equity of 18.91%. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was down 3.8% on a year-over-year basis. On average, research analysts anticipate that V.F. Corporation will post 1.10 earnings per share for the current year.

V.F. Company Profile

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.

VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.