Investors Buy V.F. Corporation (VFC) on Weakness

Traders bought shares of V.F. Corporation (NYSE:VFC) on weakness during trading hours on Tuesday. $42.49 million flowed into the stock on the tick-up and $14.80 million flowed out of the stock on the tick-down, for a money net flow of $27.69 million into the stock. Of all equities tracked, V.F. Corporation had the 24th highest net in-flow for the day. V.F. Corporation traded down ($0.01) for the day and closed at $62.15

A number of research firms recently weighed in on VFC. Canaccord Genuity restated a “hold” rating and issued a $53.00 price target on shares of V.F. Corporation in a research note on Friday, May 26th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $75.00 price objective (up previously from $70.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 price objective (up previously from $57.00) on shares of V.F. Corporation in a research report on Monday, August 14th. Buckingham Research increased their price objective on V.F. Corporation from $55.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 15th. Finally, Forward View reiterated a “hold” rating on shares of V.F. Corporation in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $60.30.

The company has a market cap of $24.46 billion, a P/E ratio of 23.71 and a beta of 0.78. The company has a 50-day moving average price of $62.89 and a 200 day moving average price of $57.09.

V.F. Corporation (NYSE:VFC) last released its quarterly earnings data on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.31 billion. During the same period in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts expect that V.F. Corporation will post $2.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, September 8th were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.70%. V.F. Corporation’s payout ratio is 64.86%.

In other V.F. Corporation news, Director W Alan Mccollough sold 22,852 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $62.94, for a total value of $1,438,304.88. Following the transaction, the director now directly owns 36,353 shares in the company, valued at approximately $2,288,057.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Eric C. Wiseman sold 290,021 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $63.15, for a total value of $18,314,826.15. Following the completion of the transaction, the chairman now owns 552,426 shares in the company, valued at $34,885,701.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 453,152 shares of company stock worth $28,649,326. 1.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lowe Brockenbrough & Co. Inc. increased its stake in V.F. Corporation by 35.2% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 29,400 shares of the textile maker’s stock worth $1,616,000 after acquiring an additional 7,655 shares during the last quarter. Dean Investment Associates LLC increased its stake in V.F. Corporation by 55.7% in the 1st quarter. Dean Investment Associates LLC now owns 17,110 shares of the textile maker’s stock worth $941,000 after acquiring an additional 6,120 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in V.F. Corporation by 76.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 66,964 shares of the textile maker’s stock worth $3,681,000 after acquiring an additional 28,959 shares during the last quarter. Jensen Investment Management Inc. bought a new position in V.F. Corporation in the 1st quarter worth about $677,000. Finally, BlackRock Inc. increased its stake in V.F. Corporation by 1,744.1% in the 1st quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock worth $1,070,143,000 after acquiring an additional 18,412,097 shares during the last quarter. Institutional investors and hedge funds 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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