Boston Trust Walden Corp Sells 2,350 Shares of V.F. Co. (NYSE:VFC)

Posted by Defense World Staff on Mar 31st, 2023

Boston Trust Walden Corp lessened its stake in shares of V.F. Co. (NYSE:VFC – Get Rating) by 16.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,660 shares of the textile maker’s stock after selling 2,350 shares during the period. Boston Trust Walden Corp’s holdings in V.F. were worth $322,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of VFC. American Century Companies Inc. grew its holdings in V.F. by 65.3% during the first quarter. American Century Companies Inc. now owns 31,193 shares of the textile maker’s stock valued at $1,773,000 after purchasing an additional 12,328 shares during the period. Panagora Asset Management Inc. lifted its position in shares of V.F. by 98.9% in the first quarter. Panagora Asset Management Inc. now owns 28,234 shares of the textile maker’s stock valued at $1,605,000 after acquiring an additional 14,036 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of V.F. by 5.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,190 shares of the textile maker’s stock valued at $2,456,000 after acquiring an additional 2,270 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of V.F. by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,567,185 shares of the textile maker’s stock valued at $89,124,000 after acquiring an additional 187,008 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of V.F. by 6.0% in the first quarter. Vontobel Holding Ltd. now owns 13,192 shares of the textile maker’s stock valued at $771,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 96.89% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on V.F. from $23.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 8th. Robert W. Baird lowered their price objective on V.F. from $30.00 to $24.00 in a research 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 objective on the stock. in a research report on Friday, January 6th. Barclays boosted their target price on V.F. from $28.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 9th. Finally, Stifel Nicolaus upgraded V.F. from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, February 10th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.94.

V.F. Trading Up 2.2 %

VFC opened at $22.22 on Friday. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 3.21 and a beta of 1.43. The stock’s 50 day moving average price is $25.53 and its 200-day moving average price is $28.91. V.F. Co. has a one year low of $20.03 and a one year high of $60.09. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.58 and a current ratio of 1.15.

V.F. (NYSE:VFC – Get Rating) last released its earnings results on Tuesday, February 7th. The textile maker reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.13. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.49 billion. V.F. had a return on equity of 27.87% and a net margin of 3.54%. The company’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. On average, equities analysts forecast that V.F. Co. will post 2.08 EPS for the current year.

V.F. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Friday, March 10th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 9th. This represents a $1.20 annualized dividend and a yield of 5.40%. V.F.’s dividend payout ratio (DPR) is currently 112.15%.

V.F. Company Profile

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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.