Golden State Equity Partners Boosts Holdings in V.F. Co. (NYSE:VFC)

Golden State Equity Partners grew its holdings in V.F. Co. (NYSE:VFC) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,362 shares of the textile maker’s stock after purchasing an additional 5,351 shares during the quarter. Golden State Equity Partners’ holdings in V.F. were worth $627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential PLC lifted its stake in V.F. by 20.6% in the third quarter. Prudential PLC now owns 23,864 shares of the textile maker’s stock worth $422,000 after acquiring an additional 4,070 shares during the last quarter. Deutsche Bank AG lifted its stake in V.F. by 11.9% in the third quarter. Deutsche Bank AG now owns 1,581,532 shares of the textile maker’s stock worth $27,946,000 after acquiring an additional 168,465 shares during the last quarter. Vanguard Group Inc. lifted its stake in V.F. by 1.2% in the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after acquiring an additional 475,239 shares during the last quarter. Nordea Investment Management AB lifted its stake in V.F. by 3.0% in the third quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock worth $486,000 after acquiring an additional 812 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of V.F. during the 4th quarter worth approximately $1,414,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on VFC shares. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. BNP Paribas restated a “neutral” rating and set a $14.00 price objective (down previously from $18.00) on shares of V.F. in a research report on Friday, April 12th. Williams Trading restated a “sell” rating on shares of V.F. in a research report on Thursday, January 25th. The Goldman Sachs Group reduced their price objective on shares of V.F. from $14.00 to $12.50 and set a “neutral” rating for the company in a research report on Friday. Finally, UBS Group reduced their price objective on shares of V.F. from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.88.

V.F. Stock Performance

Shares of NYSE VFC traded up $0.02 during trading on Friday, hitting $12.64. 5,770,336 shares of the company were exchanged, compared to its average volume of 11,145,526. V.F. Co. has a 1 year low of $11.91 and a 1 year high of $23.55. The firm’s fifty day moving average price is $14.55 and its 200 day moving average price is $16.18. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70.

V.F. (NYSE:VFC) last issued its earnings results on Tuesday, February 6th. The textile maker reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.24 billion. V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. V.F.’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. As a group, analysts anticipate that V.F. Co. will post 1.1 EPS for the current year.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 2.85%. V.F.’s payout ratio is currently -18.27%.

Insiders Place Their Bets

In other V.F. news, insider Bracken Darrell acquired 65,360 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the transaction, the insider now directly owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other V.F. news, insider Bracken Darrell acquired 65,360 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the transaction, the insider now directly owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Juliana L. Chugg acquired 11,301 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $17.55 per share, for a total transaction of $198,332.55. Following the completion of the transaction, the director now directly owns 26,301 shares in the company, valued at $461,582.55. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

About V.F.

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