V.F. Co. (NYSE:VFC) Stock Holdings Cut by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of V.F. Co. (NYSE:VFC) by 62.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,107 shares of the textile maker’s stock after selling 171,054 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in V.F. were worth $1,901,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its stake in V.F. by 115.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 296,041 shares of the textile maker’s stock valued at $5,599,000 after purchasing an additional 158,899 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of V.F. by 6.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 56,617 shares of the textile maker’s stock valued at $1,064,000 after acquiring an additional 3,588 shares during the last quarter. Allworth Financial LP lifted its position in shares of V.F. by 111.5% during 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 last quarter. International Assets Investment Management LLC lifted its position in shares of V.F. by 1,754.4% during the 4th quarter. International Assets Investment Management LLC now owns 29,393 shares of the textile maker’s stock valued at $553,000 after acquiring an additional 27,808 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of V.F. by 0.8% during the 4th quarter. Arizona State Retirement System now owns 90,845 shares of the textile maker’s stock valued at $1,708,000 after acquiring an additional 702 shares during the last quarter. 86.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other V.F. news, insider Bracken Darrell purchased 65,360 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the purchase, the insider now directly owns 144,281 shares in the company, valued at $2,219,041.78. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other V.F. news, insider Bracken Darrell purchased 65,360 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the completion of the purchase, the insider now directly owns 144,281 shares in the company, valued at $2,219,041.78. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Juliana L. Chugg purchased 11,301 shares of the business’s stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $17.55 per share, with a total value of $198,332.55. Following the purchase, the director now owns 26,301 shares of the company’s stock, valued at $461,582.55. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

V.F. Stock Up 1.3 %

VFC stock opened at $12.83 on Friday. V.F. Co. has a twelve month low of $11.91 and a twelve month high of $23.55. The company has a market cap of $4.99 billion, a PE ratio of -6.51, a price-to-earnings-growth ratio of 1.37 and a beta of 1.47. The business’s 50-day simple moving average is $14.96 and its 200 day simple moving average is $16.30. The company has a quick ratio of 0.70, a current ratio of 1.23 and a debt-to-equity ratio of 2.25.

V.F. (NYSE:VFC) last released its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period last year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was down 16.2% compared to the same quarter last year. On average, research analysts anticipate that V.F. Co. will post 1.1 earnings per share for the current year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio is -18.27%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VFC shares. StockNews.com upgraded V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. BNP Paribas reiterated a “neutral” rating and set a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. The Goldman Sachs Group lowered V.F. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $14.00 in a report on Wednesday, February 7th. Finally, Williams Trading restated a “sell” rating on shares of V.F. in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.97.

V.F. Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.