Pacer Advisors Inc. Has $159.61 Million Position in VF Corporation (NYSE:VFC)

Pacer Advisors Inc. raised its stake in VF Corporation (NYSE:VFC) by 28.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,822,885 shares of the textile maker’s stock after acquiring an additional 2,589,852 shares during the period. Pacer Advisors Inc. owned approximately 3.04% of VF worth $159,609,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. M&G Plc raised its stake in VF by 10.0% in the second quarter. M&G Plc now owns 14,729,396 shares of the textile maker’s stock valued at $206,212,000 after purchasing an additional 1,344,849 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of VF by 12.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,281,957 shares of the textile maker’s stock valued at $80,501,000 after buying an additional 473,952 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of VF by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,125,417 shares of the textile maker’s stock worth $55,694,000 after acquiring an additional 113,128 shares during the period. Norges Bank acquired a new stake in shares of VF during the 4th quarter worth approximately $76,059,000. Finally, Bank of New York Mellon Corp increased its stake in VF by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 2,481,600 shares of the textile maker’s stock valued at $33,502,000 after acquiring an additional 473,373 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors.

VF Stock Performance

VFC opened at $18.67 on Friday. The company has a market cap of $7.26 billion, a price-to-earnings ratio of -7.47, a PEG ratio of 2.05 and a beta of 1.53. The company’s fifty day moving average price is $17.15 and its two-hundred day moving average price is $14.78. VF Corporation has a 1-year low of $11.00 and a 1-year high of $20.69. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.84.

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 the consensus estimate of ($0.37) by $0.04. The business had revenue of $1.90 billion for 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 firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.15) EPS. On average, analysts expect that VF Corporation will post 0.73 EPS for the current fiscal year.

VF Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup upgraded VF from a “neutral” rating to a “buy” rating and upped their target price for the stock from $11.00 to $20.00 in a research note on Thursday, July 18th. JPMorgan Chase & Co. dropped their price objective on shares of VF from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, September 16th. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Argus upgraded shares of VF to a “hold” rating in a research report on Wednesday, August 28th. Finally, TD Cowen lifted their price target on shares of VF from $9.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, VF presently has a consensus rating of “Hold” and an average target price of $16.19.

Insider Activity at VF

In other VF news, Director Richard Carucci acquired 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were acquired at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the transaction, the director now owns 230,178 shares in the company, valued at $3,843,972.60. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

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.