UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 44,980 Shares of V.F. Corporation $VFC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in V.F. Corporation (NYSE:VFC) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,166,296 shares of the textile maker’s stock after selling 44,980 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of V.F. worth $19,454,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Optimize Financial Inc lifted its holdings in V.F. by 1.5% in the 4th quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock worth $730,000 after purchasing an additional 580 shares in the last quarter. Parallel Advisors LLC grew 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 valued at $46,000 after buying an additional 588 shares in the last quarter. Hsbc Holdings PLC lifted its holdings 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 worth $492,000 after buying an additional 2,121 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of V.F. by 282.9% during the first quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after acquiring an additional 2,255 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in V.F. by 151.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock valued at $125,000 after acquiring an additional 4,167 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Analyst Upgrades and Downgrades

VFC has been the subject of several research reports. The Goldman Sachs Group dropped their price objective on shares of V.F. from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of V.F. in a research report on Tuesday. Stifel Nicolaus dropped their price target on V.F. from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Wall Street Zen cut V.F. from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Wells Fargo & Company reduced their price objective on V.F. from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, V.F. currently has a consensus rating of “Hold” and a consensus target price of $18.21.

Insider Activity

In other V.F. news, Director Richard Carucci bought 20,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $14.73 per share, with a total value of $294,600.00. Following the completion of the purchase, the director owned 356,215 shares in the company, valued at $5,247,046.95. This represents a 5.95% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bracken Darrell acquired 32,894 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $14.98 per share, with a total value of $492,752.12. Following the acquisition, the insider owned 1,402,109 shares in the company, valued at $21,003,592.82. This trade represents a 2.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 82,894 shares of company stock valued at $1,302,452 in the last 90 days. Company insiders own 1.54% of the company’s stock.

V.F. Trading Up 2.4%

Shares of NYSE VFC opened at $13.46 on Friday. V.F. Corporation has a 1-year low of $12.94 and a 1-year high of $22.27. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.43 and a quick ratio of 0.78. The business’s 50 day moving average is $15.41 and its two-hundred day moving average is $17.02. The stock has a market capitalization of $5.29 billion, a P/E ratio of 19.51, a PEG ratio of 0.95 and a beta of 1.57.

V.F. (NYSE:VFC) last announced its 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 company had revenue of $1.67 billion during 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% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.24) EPS. As a group, research analysts expect that V.F. Corporation will post 1.07 EPS for the current year.

V.F. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.7%. V.F.’s dividend payout ratio is currently 52.17%.

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.