V.F. Co. (NYSE:VFC) Shares Purchased by Newbridge Financial Services Group Inc.

Posted by Defense World Staff on Mar 25th, 2023

Newbridge Financial Services Group Inc. boosted its holdings in V.F. Co. (NYSE:VFC – Get Rating) by 384.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,608 shares of the textile maker’s stock after acquiring an additional 2,070 shares during the period. Newbridge Financial Services Group Inc.’s holdings in V.F. were worth $72,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VFC. Vanguard Group Inc. lifted its holdings in shares of V.F. by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 41,829,926 shares of the textile maker’s stock worth $1,251,133,000 after purchasing an additional 686,237 shares during the last quarter. BlackRock Inc. lifted its stake in V.F. by 1.3% in the third quarter. BlackRock Inc. now owns 26,308,313 shares of the textile maker’s stock valued at $786,882,000 after buying an additional 336,122 shares during the last quarter. State Street Corp boosted its holdings in shares of V.F. by 21.4% during the third quarter. State Street Corp now owns 24,962,446 shares of the textile maker’s stock valued at $746,627,000 after acquiring an additional 4,404,458 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of V.F. by 6.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,490,021 shares of the textile maker’s stock worth $369,023,000 after acquiring an additional 386,948 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of V.F. by 9.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,396,386 shares of the textile maker’s stock worth $101,586,000 after acquiring an additional 305,857 shares during the period. 96.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on VFC shares. Stifel Nicolaus upgraded shares of V.F. from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, February 10th. Robert W. Baird cut their target price on shares of V.F. from $30.00 to $24.00 in a research report on Monday, March 20th. Williams Trading upgraded shares of V.F. from a “sell” rating to a “buy” rating in a report on Monday, March 20th. Wells Fargo & Company downgraded V.F. from an “equal weight” rating to an “underweight” rating and set a $24.00 price target for the company. in a research note on Friday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on V.F. from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 8th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, V.F. presently has an average rating of “Hold” and a consensus target price of $32.22.

V.F. Stock Down 0.7 %

Shares of VFC stock opened at $20.29 on Friday. The stock has a market cap of $7.89 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 3.13 and a beta of 1.43. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 0.58. The stock has a fifty day moving average price of $26.22 and a 200 day moving average price of $29.48. V.F. Co. has a one year low of $20.03 and a one year high of $60.09.

V.F. (NYSE:VFC – Get Rating) last issued its earnings results on Tuesday, February 7th. The textile maker reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.13. V.F. had a net margin of 3.54% and a return on equity of 27.87%. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period in the previous year, the business earned $1.35 EPS. The firm’s revenue was down 2.6% on a year-over-year basis. Analysts predict that V.F. Co. will post 2.08 earnings per share for the current year.

V.F. Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders of record on Friday, March 10th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.91%. V.F.’s payout ratio is presently 112.15%.

Insider Buying and Selling

In related news, Director Juliana L. Chugg purchased 15,000 shares of the stock in a transaction on Monday, February 13th. The shares were purchased at an average cost of $26.69 per share, for a total transaction of $400,350.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $400,350. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Juliana L. Chugg acquired 15,000 shares of the business’s stock in a transaction on Monday, February 13th. The stock was bought at an average cost of $26.69 per share, with a total value of $400,350.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at $400,350. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Carol L. Roberts bought 7,109 shares of the stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average cost of $21.07 per share, for a total transaction of $149,786.63. Following the acquisition, the director now owns 7,109 shares in the company, valued at approximately $149,786.63. The disclosure for this purchase can be found here. 0.90% of the stock is owned by corporate insiders.

V.F. Profile

(Get Rating)

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.