Future Financial Wealth Managment LLC Takes $40,000 Position in VF Corporation (NYSE:VFC)

by · The Cerbat Gem

Future Financial Wealth Managment LLC acquired a new position in shares of VF Corporation (NYSE:VFC – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,000 shares of the textile maker’s stock, valued at approximately $40,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in VF in the 1st quarter worth about $27,000. Bank & Trust Co bought a new stake in VF during the second quarter worth approximately $35,000. Versant Capital Management Inc boosted its holdings in VF by 6,981.1% during the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after buying an additional 2,583 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in VF during the first quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after buying an additional 895 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Stock Performance

NYSE VFC opened at $20.26 on Friday. VF Corporation has a twelve month low of $11.00 and a twelve month high of $21.40. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. The stock has a 50-day simple moving average of $18.10 and a 200 day simple moving average of $15.17.

VF (NYSE:VFC – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.04. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the firm earned ($0.15) EPS. The firm’s revenue was down 8.9% compared to the same quarter last year. On average, research analysts forecast that VF Corporation will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.78%. VF’s dividend payout ratio is presently -11.92%.

Insider Buying and Selling

In other news, Director Richard Carucci acquired 15,000 shares of VF stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the transaction, the director now owns 230,178 shares of the company’s stock, valued at $3,843,972.60. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of VF in a research note on Monday, August 5th. Wells Fargo & Company increased their price objective on VF from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut their price target on VF from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Finally, Robert W. Baird boosted their price target on VF from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.41.

Check Out Our Latest Analysis on VFC

About VF

(Free Report)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.

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