V.F. Co. (NYSE:VFC) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in V.F. Co. (NYSE:VFC) by 8.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 102,317 shares of the textile maker’s stock after buying an additional 7,927 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in V.F. were worth $1,570,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VFC. Wolff Wiese Magana LLC increased its holdings in shares of V.F. by 2,835.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 1,276 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in V.F. in the 4th quarter valued at about $25,000. Mather Group LLC. acquired a new stake in shares of V.F. during the 1st quarter worth about $27,000. Allworth Financial LP grew its holdings in shares of V.F. by 111.5% during the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after buying an additional 958 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of V.F. in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Price Performance

Shares of NYSE VFC opened at $13.75 on Monday. V.F. Co. has a twelve month low of $11.00 and a twelve month high of $21.17. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71. The company’s fifty day moving average is $13.14 and its 200-day moving average is $14.58.

V.F. (NYSE:VFC) last released its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.34). V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The company’s revenue was down 13.4% on a year-over-year basis. On average, equities analysts predict that V.F. Co. will post 0.85 earnings per share for the current year.

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, June 10th were issued a $0.09 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.36 annualized dividend and a yield of 2.62%. V.F.’s dividend payout ratio is currently -14.40%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VFC shares. Barclays cut their price target on V.F. from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. JPMorgan Chase & Co. decreased their price target on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. StockNews.com downgraded shares of V.F. from a “hold” rating to a “sell” rating in a research note on Monday, May 27th. Robert W. Baird reduced their target price on V.F. from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Finally, BMO Capital Markets decreased their price objective on shares of V.F. from $18.00 to $13.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.06.

Insider Transactions at V.F.

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

About V.F.

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.