Insider Buying: V.F. (NYSE:VFC) Insider Buys $492,752.12 in Stock

V.F. Corporation (NYSE:VFC) insider Bracken Darrell purchased 32,894 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $14.98 per share, with a total value of $492,752.12. Following the purchase, the insider directly owned 1,402,109 shares of the company’s stock, valued at $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 link.

V.F. Trading Up 0.1%

Shares of NYSE:VFC opened at $15.24 on Thursday. V.F. Corporation has a 52 week low of $11.65 and a 52 week high of $22.27. The company’s 50 day moving average is $16.71 and its two-hundred day moving average is $17.91. 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 cap of $5.99 billion, a PE ratio of 22.09, a P/E/G ratio of 1.10 and a beta of 1.57.

V.F. (NYSE:VFC) last released its quarterly earnings data on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.64 billion. V.F. had a return on equity of 18.91% and a net margin of 2.88%.V.F.’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the firm posted ($0.24) earnings per share. Equities analysts predict that V.F. Corporation will post 1.07 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 10th. V.F.’s dividend payout ratio (DPR) is 52.17%.

Analysts Set New Price Targets

VFC has been the subject of a number of research analyst reports. Citigroup started coverage on V.F. in a report on Thursday, May 21st. They issued a “neutral” rating and a $18.00 price target for the company. Williams Trading set a $19.00 price objective on shares of V.F. in a research report on Sunday, May 17th. Wells Fargo & Company lowered their target price on shares of V.F. from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Seaport Research Partners upgraded shares of V.F. from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, April 14th. Finally, Wall Street Zen cut shares of V.F. from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.21.

Institutional Investors Weigh In On V.F.

A number of institutional investors have recently added to or reduced their stakes in VFC. Parallel Advisors LLC raised its stake in shares of 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 in the last quarter. Root Financial Partners LLC lifted its holdings in shares of V.F. by 282.9% in the 1st 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. EverSource Wealth Advisors LLC boosted its stake in shares of V.F. by 151.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock valued at $125,000 after buying an additional 4,167 shares in the last quarter. Versant Capital Management Inc grew its holdings in V.F. by 213.7% during the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock worth $135,000 after acquiring an additional 5,503 shares during the period. Finally, Quent Capital LLC grew its holdings in V.F. by 1,635.2% during the fourth quarter. Quent Capital LLC now owns 13,170 shares of the textile maker’s stock worth $238,000 after acquiring an additional 12,411 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

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.