V.F. (NYSE:VFC) Director Richard Carucci Acquires 30,000 Shares

V.F. Corporation (NYSE:VFC) Director Richard Carucci bought 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average cost of $17.17 per share, for a total transaction of $515,100.00. Following the completion of the transaction, the director directly owned 336,043 shares in the company, valued at approximately $5,769,858.31. The trade was a 9.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

V.F. Trading Down 3.4%

NYSE VFC opened at $16.44 on Thursday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.84 and a quick ratio of 1.21. The firm’s fifty day moving average price is $17.95 and its 200 day moving average price is $18.43. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.57. V.F. Corporation has a 12 month low of $11.06 and a 12 month high of $22.27.

V.F. (NYSE:VFC) last posted its earnings results on Wednesday, May 20th. The textile maker reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.28). The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. V.F. had a net margin of 2.65% and a return on equity of 21.05%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned ($0.13) earnings per share. On average, sell-side analysts expect that V.F. Corporation will post 1.1 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Wednesday, June 10th will be given a $0.09 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.2%. V.F.’s payout ratio is currently 56.25%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Fiduciary Alliance LLC increased its stake in shares of V.F. by 10.3% in the 4th quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock valued at $11,707,000 after purchasing an additional 60,619 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of V.F. by 43.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock valued at $71,257,000 after purchasing an additional 1,495,148 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of V.F. by 14.0% in the 4th quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock valued at $11,930,000 after purchasing an additional 81,006 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of V.F. by 705.8% in the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 3,282 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of V.F. by 30.5% in the 4th quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after purchasing an additional 2,570 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on VFC. Williams Trading set a $19.00 price objective on V.F. in a research report on Sunday, May 17th. Barclays cut their price objective on V.F. from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Seaport Research Partners raised V.F. from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, April 14th. Weiss Ratings lowered V.F. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Finally, BTIG Research upgraded V.F. from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, V.F. currently has a consensus rating of “Hold” and an average price target of $18.58.

Trending Headlines about V.F.

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: Director Richard Carucci bought 30,000 shares at an average price of $17.17, increasing his stake by 9.8%. Insider buying is often viewed as a sign of confidence in the company’s outlook. SEC Form 4 filing
• Positive Sentiment: V.F. was highlighted by Zacks as a top-ranked value stock, which may be supporting demand from investors looking for undervalued names with potential upside. Zacks value stock article
• Neutral Sentiment: Recent coverage also notes the stock has been rising as the broader market weakens, suggesting investors may be rotating into V.F. as a relatively defensive or turnaround trade. V.F. market move article
• Neutral Sentiment: Older commentary points to ongoing turnaround efforts at the company, but it does not appear to have introduced any new catalyst today. Turnaround focus article

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.