2,613 Shares in V.F. Co. (NYSE:VFC) Purchased by Bank & Trust Co

Bank & Trust Co acquired a new position in shares of V.F. Co. (NYSE:VFC) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,613 shares of the textile maker’s stock, valued at approximately $35,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its position in shares of V.F. by 6,981.1% during 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in V.F. in the 2nd quarter valued at approximately $44,000. Moody National Bank Trust Division boosted its holdings in shares of V.F. by 4.3% in the second quarter. Moody National Bank Trust Division now owns 101,776 shares of the textile maker’s stock worth $1,374,000 after acquiring an additional 4,168 shares during the period. Modus Advisors LLC boosted its stake in V.F. by 5.8% in the 2nd quarter. Modus Advisors LLC now owns 95,195 shares of the textile maker’s stock worth $1,285,000 after purchasing an additional 5,247 shares during the period. Finally, First Hawaiian Bank grew its stake in V.F. by 22.7% during the second quarter. First Hawaiian Bank now owns 46,700 shares of the textile maker’s stock valued at $630,000 after acquiring an additional 8,640 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

V.F. Stock Up 2.2 %

Shares of VFC stock traded up $0.36 during mid-day trading on Tuesday, reaching $16.43. 12,536,237 shares of the company’s stock traded hands, compared to its average volume of 8,725,544. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 2.84. The company’s 50-day moving average price is $14.23 and its 200-day moving average price is $14.45. The company has a market cap of $6.39 billion, a P/E ratio of -6.70, a P/E/G ratio of 1.24 and a beta of 1.52. V.F. Co. has a 12 month low of $11.00 and a 12 month high of $21.17.

V.F. (NYSE:VFC) last announced its 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 business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the business posted $0.17 EPS. V.F.’s revenue for the quarter was down 13.4% on a year-over-year basis. On average, equities analysts expect that V.F. Co. will post 0.85 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The company also recently announced 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 of this dividend was Monday, June 10th. This represents a $0.36 annualized dividend and a yield of 2.19%. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

Wall Street Analyst Weigh In

VFC has been the subject of several recent analyst reports. Barclays boosted their price objective on V.F. from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Wedbush reaffirmed a “neutral” rating and set a $13.00 price objective on shares of V.F. in a report on Monday. StockNews.com cut V.F. from a “hold” rating to a “sell” rating in a research note on Monday, May 27th. UBS Group dropped their price target on V.F. from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Finally, Wells Fargo & Company lifted their target price on shares of V.F. from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.63.

Insider Activity at V.F.

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

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.