Fiduciary Alliance LLC Has $8.47 Million Stock Holdings in V.F. Corporation $VFC

Fiduciary Alliance LLC increased its position in V.F. Corporation (NYSE:VFC) by 22.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 586,877 shares of the textile maker’s stock after buying an additional 105,786 shares during the quarter. Fiduciary Alliance LLC owned 0.15% of V.F. worth $8,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. 1620 Investment Advisors Inc. increased its position in V.F. by 5.7% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 21,903 shares of the textile maker’s stock valued at $316,000 after acquiring an additional 1,172 shares during the period. Farther Finance Advisors LLC increased its holdings in V.F. by 94.8% in the second quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 2,421 shares during the period. Rexford Capital Inc. bought a new position in V.F. during the 2nd quarter worth $48,000. Global Wealth Strategies & Associates acquired a new position in V.F. during the 3rd quarter worth about $82,000. Finally, Russell Investments Group Ltd. lifted its holdings in V.F. by 11.1% during the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker’s stock worth $4,306,000 after buying an additional 27,727 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VFC has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on V.F. from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Tuesday. UBS Group restated a “neutral” rating on shares of V.F. in a report on Monday, December 1st. Telsey Advisory Group set a $16.00 price objective on shares of V.F. in a research note on Wednesday, October 29th. Jefferies Financial Group increased their price objective on shares of V.F. from $14.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, December 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of V.F. in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.91.

V.F. Stock Down 2.6%

V.F. stock opened at $18.53 on Thursday. The company has a market capitalization of $7.24 billion, a PE ratio of 84.21, a PEG ratio of 1.91 and a beta of 1.67. V.F. Corporation has a 12-month low of $9.41 and a 12-month high of $29.02. The firm’s fifty day moving average is $16.01 and its 200 day moving average is $14.21. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 2.40.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Tuesday, October 28th. The textile maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. V.F. had a net margin of 0.95% and a return on equity of 20.34%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the company posted $0.60 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts predict that V.F. Corporation will post 0.73 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Wednesday, December 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, December 10th. V.F.’s payout ratio is presently 163.64%.

About V.F.

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.