Richard Carucci Purchases 30,000 Shares of V.F. (NYSE:VFC) Stock

V.F. Corporation (NYSE:VFC) Director Richard Carucci purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were purchased at an average cost of $17.17 per share, for a total transaction of $515,100.00. Following the completion of the purchase, the director owned 336,043 shares in the company, valued at $5,769,858.31. This trade represents a 9.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

V.F. Stock Up 6.5%

VFC stock opened at $17.48 on Friday. The stock’s 50 day simple moving average is $17.96 and its 200 day simple moving average is $18.44. V.F. Corporation has a fifty-two week low of $11.06 and a fifty-two week high of $22.27. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.21 and a current ratio of 1.84. The company has a market cap of $6.85 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.32 and a beta of 1.57.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.28). The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. V.F. had a return on equity of 21.05% and a net margin of 2.65%.The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted ($0.13) earnings per share. On average, research analysts expect that V.F. Corporation will post 1.1 earnings per share for the current fiscal year.

V.F. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, June 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.1%. V.F.’s dividend payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Evercore set a $18.00 price objective on V.F. in a research note on Thursday, May 21st. Weiss Ratings downgraded V.F. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. UBS Group lowered their price objective on V.F. from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Barclays lowered their price objective on V.F. from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Finally, Williams Trading set a $19.00 price objective on V.F. in a research note on Sunday, May 17th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.58.

More V.F. News

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

• Positive Sentiment: Director Richard Carucci bought 30,000 shares of V.F. at $17.17, increasing his stake by 9.8%. Insider buying is often seen as a vote of confidence in the company’s outlook. SEC Form 4 filing
• Positive Sentiment: Zacks highlighted V.F. as a top-ranked value stock, which may be supporting interest from investors looking for undervalued turnaround candidates. Zacks value stock article
• Neutral Sentiment: Recent market coverage noted V.F. has been outperforming while the broader market weakens, suggesting some investors are rotating into the name as a relative defensive or value trade. V.F. market move article
• Neutral Sentiment: Analyst sentiment remains mixed overall, with a consensus rating of Hold and an average price target near current levels, which may limit upside enthusiasm. Consensus recommendation article
• Negative Sentiment: One recent headline argued that V.F. is still risky, reinforcing concerns about execution, turnaround progress, and profitability. 3 Reasons VFC is Risky and 1 Stock to Buy Instead

Hedge Funds Weigh In On V.F.

Several institutional investors have recently modified their holdings of the business. Optimize Financial Inc grew its holdings in shares of V.F. by 1.5% in the fourth quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock valued at $730,000 after acquiring an additional 580 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of V.F. by 27.9% in the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 588 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of V.F. by 59.7% in the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after acquiring an additional 1,027 shares in the last quarter. Root Financial Partners LLC grew its holdings 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 acquiring an additional 2,255 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of V.F. by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock valued at $199,000 after acquiring an additional 2,570 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.