SVB Wealth LLC Sells 4,498 Shares of V.F. Co. (NYSE:VFC)

SVB Wealth LLC decreased its holdings in V.F. Co. (NYSE:VFC) by 31.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,025 shares of the textile maker’s stock after selling 4,498 shares during the period. SVB Wealth LLC’s holdings in V.F. were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its stake in V.F. by 2,835.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock worth $25,000 after buying an additional 1,276 shares in the last quarter. CKW Financial Group bought a new position in V.F. in the third quarter worth approximately $30,000. Allworth Financial LP raised its stake in V.F. by 111.5% in the fourth quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after buying an additional 958 shares in the last quarter. CVA Family Office LLC bought a new position in V.F. in the fourth quarter worth approximately $39,000. Finally, ORG Partners LLC acquired a new position in shares of V.F. during the fourth quarter worth $40,000. Institutional investors own 86.84% of the company’s stock.

V.F. Price Performance

NYSE:VFC opened at $12.95 on Wednesday. V.F. Co. has a one year low of $11.91 and a one year high of $23.55. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -6.57, a PEG ratio of 1.43 and a beta of 1.47. The firm’s fifty day moving average is $14.80 and its two-hundred day moving average is $16.25.

V.F. (NYSE:VFC) last posted its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.24 billion. During the same period in the previous year, the company earned $1.12 earnings per share. The company’s revenue was down 16.2% compared to the same quarter last year. Research analysts expect that V.F. Co. will post 1.1 EPS for the current year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Friday, March 8th. V.F.’s payout ratio is currently -18.27%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, April 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 price target on shares of V.F. in a research report on Tuesday, April 9th. BNP Paribas reaffirmed a “neutral” rating and set a $14.00 price target (down from $18.00) on shares of V.F. in a research report on Friday, April 12th. Wells Fargo & Company reduced their price target on V.F. from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group downgraded V.F. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $14.00 in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, V.F. currently has an average rating of “Hold” and a consensus price target of $17.97.

Insider Buying and Selling

In related news, Director Juliana L. Chugg purchased 11,301 shares of V.F. stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the transaction, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Bracken Darrell purchased 65,360 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $15.38 per share, for a total transaction of $1,005,236.80. Following the acquisition, the insider now directly owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Juliana L. Chugg purchased 11,301 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $17.55 per share, with a total value of $198,332.55. Following the acquisition, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The disclosure for this purchase can be found here. Insiders own 0.60% 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 related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.