32,271 Shares in VF Corporation (NYSE:VFC) Bought by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC purchased a new stake in shares of VF Corporation (NYSE:VFC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,271 shares of the textile maker’s stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VFC. Mather Group LLC. purchased a new position in shares of VF during the 1st quarter valued at approximately $27,000. Future Financial Wealth Managment LLC purchased a new position in VF during the first quarter valued at $31,000. Northwest Investment Counselors LLC acquired a new stake in shares of VF in the first quarter valued at about $39,000. Bank & Trust Co purchased a new stake in shares of VF during the second quarter worth about $35,000. Finally, Versant Capital Management Inc lifted its stake in VF by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after buying an additional 2,583 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Insider Activity at VF

In other news, Director Richard Carucci bought 15,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of $16.70 per share, with a total value of $250,500.00. Following the transaction, the director now directly owns 230,178 shares in the company, valued at approximately $3,843,972.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.70% of the company’s stock.

VF Stock Performance

Shares of VF stock opened at $19.26 on Friday. The business’s fifty day simple moving average is $17.45 and its 200-day simple moving average is $14.85. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The firm has a market cap of $7.50 billion, a PE ratio of -7.70, a price-to-earnings-growth ratio of 2.15 and a beta of 1.53. VF Corporation has a 52 week low of $11.00 and a 52 week high of $20.69.

VF (NYSE:VFC) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share. Equities analysts forecast that VF Corporation will post 0.72 earnings per share for the current year.

VF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.87%. VF’s dividend payout ratio is currently -14.40%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VFC shares. Telsey Advisory Group increased their target price on VF from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Wedbush restated a “neutral” rating and issued a $13.00 price objective on shares of VF in a report on Monday, August 5th. Citigroup raised shares of VF from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $20.00 in a research note on Thursday, July 18th. Wells Fargo & Company increased their target price on shares of VF from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. Finally, Jefferies Financial Group started coverage on shares of VF in a research report on Friday. They set a “hold” rating and a $20.00 price target on the stock. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.41.

VF 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.