VF Corporation (NYSE:VFC) Shares Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC grew its stake in shares of VF Corporation (NYSE:VFC) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256,531 shares of the textile maker’s stock after purchasing an additional 16,431 shares during the period. Fiduciary Alliance LLC’s holdings in VF were worth $5,505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VFC. Future Financial Wealth Managment LLC bought a new stake in shares of VF in the 3rd quarter valued at approximately $40,000. Abich Financial Wealth Management LLC acquired a new stake in VF in the second quarter valued at approximately $60,000. Legacy Financial Advisors Inc. bought a new stake in VF in the second quarter worth approximately $158,000. Citizens Financial Group Inc. RI acquired a new position in shares of VF during the 2nd quarter worth $196,000. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of VF by 22.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 16,076 shares of the textile maker’s stock valued at $217,000 after purchasing an additional 2,919 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on VFC shares. Robert W. Baird increased their target price on shares of VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Stifel Nicolaus increased their price objective on VF from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 14th. TD Cowen boosted their target price on VF from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Barclays increased their price target on VF from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Guggenheim boosted their price objective on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, VF presently has an average rating of “Hold” and an average price target of $19.11.

VF Price Performance

Shares of VFC traded down $0.28 on Monday, hitting $22.51. The company’s stock had a trading volume of 519,468 shares, compared to its average volume of 4,372,216. The company has a 50 day moving average price of $21.02 and a 200 day moving average price of $18.65. VF Corporation has a fifty-two week low of $11.00 and a fifty-two week high of $23.49. The company has a market capitalization of $8.76 billion, a PE ratio of -13.01, a PEG ratio of 8.19 and a beta of 1.45. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88.

VF (NYSE:VFC) last announced its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. VF’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. On average, research analysts anticipate that VF Corporation will post 0.48 earnings per share for the current fiscal year.

VF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, December 10th. VF’s payout ratio is presently -20.81%.

VF Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.