Cwm LLC Purchases 6,937 Shares of V.F. Co. (NYSE:VFC)

Cwm LLC boosted its position in V.F. Co. (NYSE:VFC) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,772 shares of the textile maker’s stock after purchasing an additional 6,937 shares during the quarter. Cwm LLC’s holdings in V.F. were worth $522,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in V.F. by 1.2% in the third quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after purchasing an additional 475,239 shares in the last quarter. Northern Trust Corp grew its stake in shares of V.F. by 1.1% in the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker’s stock worth $419,817,000 after acquiring an additional 257,992 shares during the last quarter. Guinness Asset Management LTD grew its stake in shares of V.F. by 2.8% in the third quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker’s stock worth $135,306,000 after acquiring an additional 207,783 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of V.F. by 48.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,098,812 shares of the textile maker’s stock worth $54,756,000 after acquiring an additional 1,004,583 shares during the last quarter. Finally, FMR LLC grew its stake in shares of V.F. by 44.8% in the third quarter. FMR LLC now owns 2,768,318 shares of the textile maker’s stock worth $48,916,000 after acquiring an additional 856,751 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

Wall Street Analysts Forecast Growth

VFC has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on V.F. from $14.00 to $12.50 and set a “neutral” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. cut their target price on V.F. from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 8th. Williams Trading reissued a “sell” rating on shares of V.F. in a research note on Thursday, January 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 price objective on shares of V.F. in a research report on Tuesday, April 9th. Finally, Wells Fargo & Company dropped their price objective on V.F. from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.88.

Insider Transactions at V.F.

In related news, insider Bracken Darrell acquired 65,360 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $15.38 per share, with a total value of $1,005,236.80. Following the completion of the purchase, the insider now directly owns 144,281 shares of the company’s stock, valued at $2,219,041.78. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other V.F. news, Director Juliana L. Chugg bought 11,301 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price of $17.55 per share, with a total value of $198,332.55. Following the purchase, the director now owns 26,301 shares of the company’s stock, valued at $461,582.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bracken Darrell bought 65,360 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $15.38 per share, for a total transaction of $1,005,236.80. Following the purchase, the insider now directly owns 144,281 shares in the company, valued at approximately $2,219,041.78. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

V.F. Stock Performance

VFC stock opened at $12.46 on Wednesday. V.F. Co. has a fifty-two week low of $11.91 and a fifty-two week high of $23.53. The business’s 50-day moving average is $14.40 and its two-hundred day moving average is $16.15. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.23 and a quick ratio of 0.70.

V.F. (NYSE:VFC) last posted its earnings results on Tuesday, February 6th. The textile maker reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). V.F. had a negative net margin of 7.07% and a positive return on equity of 19.03%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period in the prior year, the company posted $1.12 EPS. The firm’s revenue was down 16.2% compared to the same quarter last year. On average, research analysts forecast that V.F. Co. will post 1.11 EPS for the current fiscal year.

V.F. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, March 8th. V.F.’s dividend payout ratio (DPR) is currently -18.27%.

V.F. Profile

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.