Susquehanna Fundamental Investments LLC Purchases Shares of 411,260 V.F. Co. (NYSE:VFC)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of V.F. Co. (NYSE:VFC) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 411,260 shares of the textile maker’s stock, valued at approximately $6,309,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC grew its position in V.F. by 2,835.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,276 shares during the period. Eagle Bay Advisors LLC purchased a new position in V.F. in the fourth quarter valued at approximately $25,000. Mather Group LLC. acquired a new position in V.F. during the first quarter valued at approximately $27,000. Future Financial Wealth Managment LLC purchased a new stake in V.F. during the first quarter worth approximately $31,000. Finally, Allworth Financial LP raised its stake in shares of V.F. by 111.5% in the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 958 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

V.F. Stock Up 2.5 %

V.F. stock traded up $0.33 during midday trading on Friday, hitting $13.75. The stock had a trading volume of 6,286,929 shares, compared to its average volume of 6,036,852. The business has a fifty day moving average price of $13.14 and a 200 day moving average price of $14.58. V.F. Co. has a 12 month low of $11.00 and a 12 month high of $21.17. The stock has a market cap of $5.35 billion, a P/E ratio of -5.50, a P/E/G ratio of 1.06 and a beta of 1.53. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 2.84.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $0.17 earnings per share. V.F.’s revenue was down 13.4% compared to the same quarter last year. Research analysts predict that V.F. Co. will post 0.85 EPS for the current year.

V.F. Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VFC. TD Cowen decreased their price target on shares of V.F. from $14.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, May 23rd. Wedbush decreased their target price on V.F. from $15.50 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, May 21st. The Goldman Sachs Group dropped their target price on V.F. from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 price target (down previously from $18.00) on shares of V.F. in a report on Thursday, May 23rd. Finally, Citigroup dropped their price objective on shares of V.F. from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.06.

Insider Activity

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

V.F. 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.