Gladstone Institutional Advisory LLC Acquires Shares of 12,814 V.F. Co. (NYSE:VFC)

Gladstone Institutional Advisory LLC acquired a new position in V.F. Co. (NYSE:VFCFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,814 shares of the textile maker’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in V.F. in the 4th quarter valued at $76,059,000. Jackson Square Partners LLC purchased a new position in V.F. during the fourth quarter worth about $46,646,000. M&G Investment Management Ltd. grew its stake in shares of V.F. by 19.4% in the 4th quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock valued at $235,850,000 after buying an additional 2,016,470 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of V.F. by 48.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock worth $54,756,000 after buying an additional 1,004,583 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of V.F. by 559.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,113,192 shares of the textile maker’s stock valued at $19,670,000 after buying an additional 944,449 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VFC shares. UBS Group decreased their price target on V.F. from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. StockNews.com upgraded shares of V.F. from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Barclays cut their price objective on shares of V.F. from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday. BNP Paribas restated a “neutral” rating and issued a $14.00 target price (down previously from $18.00) on shares of V.F. in a report on Friday, April 12th. Finally, The Goldman Sachs Group cut their price target on shares of V.F. from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, V.F. presently has an average rating of “Hold” and an average target price of $13.44.

Get Our Latest Analysis on VFC

V.F. Trading Up 3.1 %

Shares of VFC traded up $0.37 during trading hours on Friday, hitting $12.34. The stock had a trading volume of 20,023,455 shares, compared to its average volume of 7,465,847. The company’s fifty day simple moving average is $13.24 and its 200 day simple moving average is $15.62. V.F. Co. has a 12-month low of $11.00 and a 12-month high of $21.17. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.70 and a current ratio of 1.22. The firm has a market cap of $4.80 billion, a P/E ratio of -4.93, a P/E/G ratio of 1.43 and a beta of 1.49.

V.F. (NYSE:VFCGet Free Report) last posted its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.34). V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue was down 13.4% compared to the same quarter last year. Equities research analysts forecast that V.F. Co. will post 1.27 EPS for the current fiscal year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.92%. V.F.’s dividend payout ratio (DPR) is -14.40%.

About V.F.

(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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