Traders Buy Shares of V.F. Corporation (VFC) on Weakness

Traders purchased shares of V.F. Corporation (NYSE:VFC) on weakness during trading hours on Monday. $69.72 million flowed into the stock on the tick-up and $28.18 million flowed out of the stock on the tick-down, for a money net flow of $41.54 million into the stock. Of all companies tracked, V.F. Corporation had the 14th highest net in-flow for the day. V.F. Corporation traded down ($0.27) for the day and closed at $62.16

A number of equities research analysts have commented on VFC shares. TheStreet upgraded V.F. Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, July 13th. UBS AG increased their price target on V.F. Corporation from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity upgraded V.F. Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $58.00 to $73.00 in a research note on Monday, August 14th. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price target (up from $57.00) on shares of V.F. Corporation in a research note on Monday, August 14th. Finally, Piper Jaffray Companies set a $58.00 price target on V.F. Corporation and gave the company a “hold” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. V.F. Corporation has an average rating of “Hold” and a consensus price target of $60.30.

The company has a market cap of $24.47 billion, a PE ratio of 23.72 and a beta of 0.78. The company has a 50 day moving average of $62.89 and a 200-day moving average of $57.09.

V.F. Corporation (NYSE:VFC) last released its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts predict that V.F. Corporation will post $2.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 8th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, September 7th. V.F. Corporation’s payout ratio is 64.86%.

In other V.F. Corporation news, VP Aidan O’meara sold 29,336 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $62.54, for a total transaction of $1,834,673.44. Following the transaction, the vice president now owns 120,680 shares in the company, valued at approximately $7,547,327.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Eric C. Wiseman sold 110,943 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $63.65, for a total value of $7,061,521.95. Following the transaction, the chairman now owns 660,806 shares in the company, valued at approximately $42,060,301.90. The disclosure for this sale can be found here. Insiders have sold a total of 453,152 shares of company stock worth $28,649,326 in the last quarter. 1.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC acquired a new stake in shares of V.F. Corporation in the 2nd quarter worth approximately $9,602,000. RNC Capital Management LLC grew its holdings in shares of V.F. Corporation by 1.5% in the 2nd quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock worth $238,000 after acquiring an additional 60 shares during the period. Archford Capital Strategies LLC grew its holdings in shares of V.F. Corporation by 17,186.1% in the 2nd quarter. Archford Capital Strategies LLC now owns 6,223 shares of the textile maker’s stock worth $601,000 after acquiring an additional 6,187 shares during the period. Keel Point LLC grew its holdings in shares of V.F. Corporation by 3.4% in the 2nd quarter. Keel Point LLC now owns 4,531 shares of the textile maker’s stock worth $261,000 after acquiring an additional 148 shares during the period. Finally, Peapack Gladstone Financial Corp grew its holdings in shares of V.F. Corporation by 1.2% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 227,446 shares of the textile maker’s stock worth $13,101,000 after acquiring an additional 2,608 shares during the period. Institutional investors own 88.57% of the company’s stock.

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V.F. Corporation Company Profile

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

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