VF Corporation (NYSE:VFC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in VF Corporation (NYSE:VFC) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 836,579 shares of the textile maker’s stock after selling 3,129 shares during the period. Rhumbline Advisers owned approximately 0.21% of VF worth $17,953,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Segall Bryant & Hamill LLC raised its position in VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after buying an additional 65,919 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after purchasing an additional 16,431 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in VF in the fourth quarter valued at about $1,878,000. Hanseatic Management Services Inc. purchased a new stake in VF in the 3rd quarter valued at approximately $640,000. Finally, Arkadios Wealth Advisors raised its stake in shares of VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after buying an additional 1,217 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Trading Down 3.7 %

VFC opened at $25.49 on Friday. VF Corporation has a 52-week low of $11.00 and a 52-week high of $29.02. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $9.93 billion, a P/E ratio of -21.42, a P/E/G ratio of 6.78 and a beta of 1.46. The firm’s 50 day moving average is $23.72 and its 200-day moving average is $20.72.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same quarter in the prior year, the business posted $0.57 EPS. Analysts expect that VF Corporation will post 0.73 EPS for the current fiscal year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, March 10th. This represents a $0.36 annualized dividend and a yield of 1.41%. VF’s payout ratio is -30.25%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VFC shares. Guggenheim lifted their price target on VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC assumed coverage on shares of VF in a research note on Wednesday, February 12th. They set a “buy” rating and a $28.00 price target on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $21.00 price objective on shares of VF in a research note on Wednesday, January 29th. Jefferies Financial Group upped their target price on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays lifted their price target on shares of VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.75.

VF Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.