Bank & Trust Co Takes Position in V.F. Co. (NYSE:VFC)

Bank & Trust Co acquired a new stake in shares of V.F. Co. (NYSE:VFC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,613 shares of the textile maker’s stock, valued at approximately $35,000.

Other large investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new position in shares of V.F. in the fourth quarter worth about $25,000. Mather Group LLC. acquired a new position in shares of V.F. during the 1st quarter worth about $27,000. Allworth Financial LP raised its position in shares of V.F. by 111.5% during the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of V.F. during the 1st quarter worth about $31,000. Finally, ORG Partners LLC acquired a new position in shares of V.F. during the 4th quarter worth about $40,000. 86.84% of the stock is owned by hedge funds and other institutional investors.

V.F. Trading Up 2.2 %

Shares of VFC stock traded up $0.36 during trading hours on Tuesday, hitting $16.43. The company had a trading volume of 12,536,237 shares, compared to its average volume of 8,725,544. The company’s fifty day moving average is $14.23 and its 200 day moving average is $14.45. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71. V.F. Co. has a fifty-two week low of $11.00 and a fifty-two week high of $21.17. The stock has a market capitalization of $6.39 billion, a PE ratio of -6.70, a price-to-earnings-growth ratio of 1.24 and a beta of 1.52.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.34). The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The business’s revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. Research analysts expect that V.F. Co. will post 0.85 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, June 10th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.19%. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

Wall Street Analyst Weigh In

VFC has been the subject of several research analyst reports. TD Cowen upped their price target on shares of V.F. from $9.00 to $16.00 and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on shares of V.F. from $11.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. dropped their price objective on shares of V.F. from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, April 8th. BNP Paribas reaffirmed a “neutral” rating and set a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research note on Friday, April 12th. Finally, Barclays upped their price objective on shares of V.F. from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, V.F. currently has an average rating of “Hold” and a consensus price target of $14.63.

Insiders Place Their Bets

In other news, Director Richard Carucci acquired 25,000 shares of V.F. stock in a transaction dated Thursday, June 13th. The shares were acquired at an average cost of $13.78 per share, for a total transaction of $344,500.00. Following the acquisition, the director now owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Richard Carucci acquired 25,000 shares of V.F. stock in a transaction dated Thursday, June 13th. The shares were acquired at an average cost of $13.78 per share, for a total transaction of $344,500.00. Following the acquisition, the director now owns 215,130 shares of the company’s stock, valued at $2,964,491.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bracken Darrell bought 75,200 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the completion of the transaction, the insider now directly owns 219,972 shares in the company, valued at $2,916,828.72. The disclosure for this purchase can be found here. 0.70% of the stock is owned by company insiders.

V.F. Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.