Ieq Capital LLC Takes Position in V.F. Co. (NYSE:VFC)

Ieq Capital LLC acquired a new stake in shares of V.F. Co. (NYSE:VFCFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,209 shares of the textile maker’s stock, valued at approximately $233,000.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of V.F. during the 3rd quarter valued at $27,000. CKW Financial Group bought a new stake in shares of V.F. during the 3rd quarter valued at $30,000. PCA Investment Advisory Services Inc. bought a new stake in shares of V.F. during the 2nd quarter valued at $31,000. Quent Capital LLC grew its position in shares of V.F. by 43.0% during the 3rd quarter. Quent Capital LLC now owns 2,133 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 641 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of V.F. by 121.4% during the 2nd quarter. Harbour Investments Inc. now owns 2,068 shares of the textile maker’s stock valued at $39,000 after acquiring an additional 1,134 shares during the period. Institutional investors own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

VFC has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of V.F. from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $15.00 to $19.00 in a research note on Wednesday, November 15th. TheStreet cut shares of V.F. from a “c-” rating to a “d+” rating in a research note on Monday, October 30th. Williams Trading restated a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. Piper Sandler lowered their target price on shares of V.F. from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 31st. Finally, StockNews.com assumed coverage on shares of V.F. in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.03.

Read Our Latest Analysis on VFC

Insider Transactions at V.F.

In other V.F. news, Director Matthew J. Shattock bought 20,000 shares of V.F. stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of $14.58 per share, for a total transaction of $291,600.00. Following the acquisition, the director now directly owns 40,000 shares in the company, valued at approximately $583,200. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

V.F. Price Performance

V.F. stock opened at $16.46 on Thursday. The company’s 50-day moving average price is $17.59 and its 200-day moving average price is $17.84. V.F. Co. has a twelve month low of $12.85 and a twelve month high of $32.13. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.78 and a current ratio of 1.48.

V.F. (NYSE:VFCGet Free Report) last posted its earnings results on Monday, October 30th. The textile maker reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). V.F. had a positive return on equity of 24.58% and a negative net margin of 1.89%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was down 2.6% on a year-over-year basis. Analysts predict that V.F. Co. will post 1.52 earnings per share for the current year.

V.F. Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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