V.F. (NYSE:VFC) Director Acquires $294,600.00 in Stock

V.F. Corporation (NYSE:VFC) Director Richard Carucci purchased 20,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $14.73 per share, for a total transaction of $294,600.00. Following the completion of the transaction, the director directly owned 356,215 shares of the company’s stock, valued at approximately $5,247,046.95. The trade was a 5.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 acquired at an average cost of $17.17 per share, with a total value of $515,100.00.

V.F. Price Performance

VFC stock opened at $14.38 on Thursday. V.F. Corporation has a 1 year low of $12.60 and a 1 year 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 stock’s 50 day moving average price is $16.29 and its 200 day moving average price is $17.57. The firm has a market cap of $5.66 billion, a P/E ratio of 20.85, a PEG ratio of 1.03 and a beta of 1.57.

V.F. (NYSE:VFC) last announced its 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 company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company posted ($0.24) EPS. V.F.’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts expect that V.F. Corporation will post 1.07 earnings per share for the current fiscal year.

V.F. Dividend Announcement

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

Institutional Investors Weigh In On V.F.

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in V.F. in the second quarter valued at about $42,038,000. Madison Asset Management LLC bought a new stake in V.F. during the 2nd quarter worth about $3,913,000. Hillsdale Investment Management Inc. acquired a new position in V.F. during the 1st quarter valued at about $3,209,000. Public Employees Retirement System of Ohio bought a new position in shares of V.F. in the 2nd quarter valued at about $1,670,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of V.F. by 14.0% in the 4th quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock valued at $11,930,000 after purchasing an additional 81,006 shares during the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VFC has been the topic of several analyst reports. Telsey Advisory Group decreased their price target on shares of V.F. from $20.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, July 30th. BTIG Research reissued a “buy” rating on shares of V.F. in a research note on Friday, July 24th. The Goldman Sachs Group decreased their target price on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Evercore set a $16.00 target price on shares of V.F. in a research note on Thursday, July 30th. Finally, Barclays decreased their price objective on V.F. from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, V.F. presently has an average rating of “Hold” and an average target price of $18.21.

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.