Traders Buy Shares of VF (VFC) on Weakness

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Traders purchased shares of VF Corp (NYSE:VFC) on weakness during trading hours on Friday. $185.10 million flowed into the stock on the tick-up and $54.53 million flowed out of the stock on the tick-down, for a money net flow of $130.57 million into the stock. Of all companies tracked, VF had the 20th highest net in-flow for the day. VF traded down ($0.16) for the day and closed at $84.78

A number of research firms have recently commented on VFC. Guggenheim reaffirmed a “buy” rating and set a $90.00 price target on shares of VF in a research report on Friday, January 18th. Piper Jaffray Companies set a $93.00 price target on VF and gave the stock a “buy” rating in a research report on Friday, January 18th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $96.00 price target (up previously from $88.00) on shares of VF in a research report on Tuesday, January 22nd. Cowen raised their price target on VF from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Finally, Wells Fargo & Co dropped their price target on VF from $90.00 to $85.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 2nd. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $92.27.

The stock has a market cap of $33.60 billion, a PE ratio of 28.45, a P/E/G ratio of 1.99 and a beta of 1.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.07.

VF (NYSE:VFC) last announced its earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.21. VF had a return on equity of 38.84% and a net margin of 10.11%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm earned $1.01 EPS. VF’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that VF Corp will post 3.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 8th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.41%. VF’s dividend payout ratio is 68.46%.

In related news, VP Curtis A. Holtz sold 24,926 shares of the business’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $85.75, for a total value of $2,137,404.50. Following the completion of the sale, the vice president now directly owns 61,433 shares in the company, valued at approximately $5,267,879.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott H. Baxter sold 64,996 shares of the business’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $86.07, for a total value of $5,594,205.72. Following the completion of the sale, the vice president now owns 215,057 shares of the company’s stock, valued at $18,509,955.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,356 shares of company stock valued at $15,204,424. Corporate insiders own 1.72% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC boosted its position in shares of VF by 23.1% during the 3rd quarter. Private Advisor Group LLC now owns 15,748 shares of the textile maker’s stock valued at $1,472,000 after purchasing an additional 2,953 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of VF during the 3rd quarter valued at about $692,000. Dupont Capital Management Corp boosted its position in shares of VF by 377.8% during the 3rd quarter. Dupont Capital Management Corp now owns 14,206 shares of the textile maker’s stock valued at $1,328,000 after purchasing an additional 11,233 shares in the last quarter. Lincoln National Corp bought a new stake in shares of VF during the 3rd quarter valued at about $228,000. Finally, SG Americas Securities LLC boosted its position in shares of VF by 46.9% during the 3rd quarter. SG Americas Securities LLC now owns 60,564 shares of the textile maker’s stock valued at $5,660,000 after purchasing an additional 19,344 shares in the last quarter. 83.88% of the stock is owned by institutional investors and hedge funds.

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About VF (NYSE:VFC)

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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