B.A. Schrock Wealth Management Inc. Makes New $1.43 Million Investment in V.F. Corporation $VFC

B.A. Schrock Wealth Management Inc. acquired a new stake in V.F. Corporation (NYSE:VFC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 99,156 shares of the textile maker’s stock, valued at approximately $1,429,000.

Several other large investors have also bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in V.F. by 27.9% during the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after buying an additional 588 shares during the period. HB Wealth Management LLC grew its position in shares of V.F. by 4.9% in the 2nd quarter. HB Wealth Management LLC now owns 30,687 shares of the textile maker’s stock valued at $512,000 after buying an additional 1,428 shares during the last quarter. IFP Advisors Inc grew its position in shares of V.F. by 27.3% in the 2nd quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock valued at $111,000 after buying an additional 1,431 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of V.F. by 7.7% in the second quarter. Hsbc Holdings PLC now owns 29,518 shares of the textile maker’s stock valued at $492,000 after buying an additional 2,121 shares during the period. Finally, Root Financial Partners LLC increased its stake in shares of V.F. by 282.9% in the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock valued at $52,000 after buying an additional 2,255 shares during the period. 86.84% of the stock is owned by institutional investors.

Key V.F. News

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: Truist upgraded VFC to Buy from Hold and set a $20 price target, implying meaningful potential upside from recent trading levels. The firm’s call is helping drive renewed optimism around V.F.’s turnaround. Truist upgrades V.F. to Buy
• Positive Sentiment: Piper Sandler upgraded VFC to Overweight from Neutral, adding to the bullish analyst momentum surrounding the stock. Piper Sandler upgrades V.F.
• Positive Sentiment: Barclays expressed optimism that V.F.’s turnaround remains undervalued. The view suggests investors may be underappreciating the company’s recovery potential and improving earnings outlook. Barclays optimism on V.F.’s turnaround
• Positive Sentiment: Recent share-price strength occurred alongside above-average volume and favorable earnings-estimate revision trends, which may support continued momentum if the company delivers on its restructuring and brand-recovery plans. Zacks analysis of V.F. strength
• Neutral Sentiment: JPMorgan raised its rating to Neutral from Underweight, reducing a prior bearish overhang but stopping short of recommending the shares. JPMorgan upgrades V.F. to Neutral
• Negative Sentiment: Stifel maintained a Hold rating, while broader sell-side coverage still characterizes VFC as a Hold. This signals that analysts remain cautious about execution, profitability and the durability of the turnaround. Stifel maintains Hold rating on V.F.

Insider Activity at V.F.

In related news, insider Bracken Darrell bought 32,894 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of $14.98 per share, for a total transaction of $492,752.12. Following the transaction, the insider directly owned 1,402,109 shares of the company’s stock, valued at approximately $21,003,592.82. The trade was a 2.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Carucci bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average cost of $14.73 per share, for a total transaction of $294,600.00. Following the completion of the purchase, the director owned 356,215 shares of the company’s stock, valued at $5,247,046.95. This represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VFC. Stifel Nicolaus lowered their price objective on V.F. from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. Robert W. Baird reiterated a “neutral” rating and issued a $15.00 target price on shares of V.F. in a report on Monday, September 14th. UBS Group reduced their target price on V.F. from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Barclays increased their target price on shares of V.F. from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wall Street Zen lowered shares of V.F. from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, V.F. presently has an average rating of “Hold” and a consensus price target of $17.92.

V.F. Stock Up 2.4%

Shares of V.F. stock opened at $16.46 on Thursday. The stock’s 50-day moving average is $14.02 and its 200 day moving average is $16.19. V.F. Corporation has a one year low of $12.45 and a one year high of $22.27. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 0.85 and a beta of 1.56. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.43 and a quick ratio of 0.78.

V.F. (NYSE:VFC) last issued its earnings results on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Equities research analysts anticipate that V.F. Corporation will post 1.09 EPS for the current year.

V.F. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.2%. V.F.’s dividend payout ratio (DPR) is 52.17%.

V.F. Profile

V.F. Corporation (NYSE: VFC) is a global apparel, footwear and accessories company. Its portfolio includes well-known outdoor, active and workwear brands such as The North Face, Vans, Timberland and Dickies, which offer products ranging from outdoor clothing and hiking footwear to casual apparel, skate shoes and workwear.

The company sells its products through wholesale customers, brand-operated stores, e-commerce platforms and other digital channels. V.F. serves consumers in markets worldwide, with operations and distribution spanning North America, Europe, Asia-Pacific and other international regions.

Founded in 1899 as a manufacturer of gloves and mittens, the company later expanded into apparel and became known as Vanity Fair Mills before adopting the V.F.