VF Corporation (NYSE:VFC) Stock Position Lessened by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its holdings in shares of VF Corporation (NYSE:VFC) by 56.4% during the second quarter, Holdings Channel.com reports. The firm owned 38,110 shares of the textile maker’s stock after selling 49,290 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in VF were worth $512,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of VFC. M&G Plc bought a new position in VF during the 1st quarter valued at $200,768,000. Norges Bank acquired a new stake in shares of VF in the fourth quarter valued at $76,059,000. Capital World Investors bought a new position in VF during the first quarter valued at about $30,527,000. Principal Financial Group Inc. grew its holdings in VF by 328.0% during the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after acquiring an additional 1,244,448 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in VF by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,241,702 shares of the textile maker’s stock worth $60,951,000 after acquiring an additional 590,434 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

Insider Transactions at VF

In other news, Director Richard Carucci acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VFC. Citigroup raised shares of VF from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $11.00 to $20.00 in a research note on Thursday, July 18th. Wells Fargo & Company upped their price target on VF from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Argus upgraded VF to a “hold” rating in a report on Wednesday, August 28th. Finally, Barclays raised VF from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $22.00 in a report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, VF currently has an average rating of “Hold” and a consensus target price of $16.19.

VF Price Performance

NYSE VFC opened at $18.67 on Friday. The company has a 50 day simple moving average of $17.15 and a 200-day simple moving average of $14.78. VF Corporation has a 52-week low of $11.00 and a 52-week high of $20.69. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of -7.47, a price-to-earnings-growth ratio of 2.05 and a beta of 1.53. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51.

VF (NYSE:VFC) last issued its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the business posted ($0.15) EPS. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities research analysts predict that VF Corporation will post 0.73 earnings per share for the current fiscal year.

VF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.93%. The ex-dividend date was Tuesday, September 10th. VF’s payout ratio is currently -14.40%.

VF 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.