TB Alternative Assets Ltd. Takes $1.88 Million Position in VF Corporation (NYSE:VFC)

TB Alternative Assets Ltd. bought a new position in VF Corporation (NYSE:VFC) during the fourth quarter, HoldingsChannel reports. The firm bought 87,528 shares of the textile maker’s stock, valued at approximately $1,878,000. VF accounts for approximately 0.5% of TB Alternative Assets Ltd.’s holdings, making the stock its 29th biggest position.

Several other hedge funds have also bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after buying an additional 3,008 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in shares of VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after acquiring an additional 16,431 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after acquiring an additional 65,919 shares during the last quarter. Hanseatic Management Services Inc. bought a new position in VF in the 3rd quarter valued at about $640,000. Finally, Arkadios Wealth Advisors increased its holdings in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after purchasing an additional 1,217 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Stock Up 0.2 %

Shares of VF stock opened at $23.71 on Tuesday. The company’s 50-day moving average price is $21.23 and its 200-day moving average price is $19.01. VF Corporation has a 12-month low of $11.00 and a 12-month high of $24.00. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88.

VF (NYSE:VFC) last announced its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.41 by $0.19. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. As a group, research analysts expect that VF Corporation will post 0.48 earnings per share for the current year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.52%. VF’s payout ratio is currently -20.81%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VFC. TD Cowen lifted their target price on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Barclays lifted their price objective on shares of VF from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Robert W. Baird boosted their price target on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Guggenheim increased their price objective on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, VF presently has a consensus rating of “Hold” and an average target price of $19.63.

VF Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.