Strengthening Families & Communities LLC Buys 118,481 Shares of V.F. Corporation $VFC

Strengthening Families & Communities LLC grew its stake in V.F. Corporation (NYSE:VFC) by 9,099.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,783 shares of the textile maker’s stock after purchasing an additional 118,481 shares during the period. Strengthening Families & Communities LLC’s holdings in V.F. were worth $1,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Investment Research Partners LLC acquired a new stake in V.F. during the third quarter worth about $154,000. Kaufman Rossin Wealth LLC acquired a new position in V.F. in the 3rd quarter valued at approximately $202,000. Avail Investment Partners LLC acquired a new position in V.F. in the 3rd quarter valued at approximately $151,000. Aspiriant LLC acquired a new position in V.F. in the 3rd quarter valued at approximately $145,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of V.F. by 242.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 765,146 shares of the textile maker’s stock worth $10,758,000 after acquiring an additional 541,627 shares during the period. Institutional investors own 86.84% of the company’s stock.

Insider Activity at V.F.

In related news, Director Richard Carucci bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $14.73 per share, for a total transaction of $294,600.00. Following the transaction, the director directly 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bracken Darrell purchased 32,894 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of $14.98 per share, for a total transaction of $492,752.12. Following the purchase, the insider owned 1,402,109 shares in the company, valued at $21,003,592.82. This represents a 2.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.54% of the stock is owned by company insiders.

V.F. Price Performance

NYSE:VFC traded down $0.21 during mid-day trading on Wednesday, hitting $17.25. The company’s stock had a trading volume of 2,243,824 shares, compared to its average volume of 7,538,455. V.F. Corporation has a fifty-two week low of $12.45 and a fifty-two week high of $22.27. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 0.89 and a beta of 1.56. The stock has a fifty day moving average of $14.20 and a 200-day moving average of $16.20.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Wednesday, July 29th. The textile maker reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The business had revenue of $1.67 billion for 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 firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.24) EPS. As a group, equities analysts forecast that V.F. Corporation will post 1.10 EPS for the current fiscal year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.1%. V.F.’s dividend payout ratio is presently 52.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VFC. Piper Sandler raised V.F. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $16.00 to $20.00 in a report on Tuesday, October 13th. The Goldman Sachs Group cut their target price on V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Wells Fargo & Company cut their target price on V.F. from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $15.00 target price on shares of V.F. in a research report on Monday, September 14th. Finally, Stifel Nicolaus decreased their price target on shares of V.F. from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.14.

About V.F.

V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its brand portfolio includes The North Face, Vans, Timberland, Dickies, JanSport, Smartwool, Icebreaker, Kipling, Eastpak and Napapijri. These brands serve outdoor, active, workwear, lifestyle and youth-oriented markets.

VF sells products through wholesale partners, company-operated retail stores, brand websites and other digital channels. Its offerings include jackets, outdoor and performance apparel, footwear, backpacks, luggage and workwear.