New York State Teachers Retirement System Lowers Stock Holdings in V.F. Co. (NYSE:VFC)

Posted by Defense World Staff on Apr 15th, 2023

New York State Teachers Retirement System trimmed its stake in V.F. Co. (NYSE:VFC – Get Rating) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 329,829 shares of the textile maker’s stock after selling 4,005 shares during the period. New York State Teachers Retirement System owned about 0.08% of V.F. worth $9,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in V.F. in the 2nd quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its position in V.F. by 50.4% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,006 shares of the textile maker’s stock valued at $28,000 after buying an additional 337 shares during the period. General Partner Inc. purchased a new stake in shares of V.F. in the 4th quarter worth approximately $30,000. Hexagon Capital Partners LLC lifted its position in shares of V.F. by 389.7% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,043 shares of the textile maker’s stock worth $31,000 after purchasing an additional 830 shares during the period. Finally, Guardian Wealth Advisors LLC purchased a new stake in shares of V.F. in the 3rd quarter worth approximately $33,000. 96.89% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at V.F.

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

Analyst Upgrades and Downgrades

VFC has been the subject of several research reports. Edward Jones raised shares of V.F. from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company cut shares of V.F. from an “equal weight” rating to an “underweight” rating and set a $24.00 price target for the company. in a research report on Friday, January 6th. StockNews.com raised shares of V.F. from a “sell” rating to a “hold” rating in a research report on Wednesday. Williams Trading raised shares of V.F. from a “sell” rating to a “buy” rating in a research report on Monday, March 20th. Finally, BMO Capital Markets upped their price target on shares of V.F. from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.00.

V.F. Trading Up 3.0 %

Shares of V.F. stock opened at $22.48 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.39. V.F. Co. has a 12-month low of $20.03 and a 12-month high of $58.88. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 3.11 and a beta of 1.43. The firm’s 50 day simple moving average is $23.68 and its two-hundred day simple moving average is $27.60.

V.F. (NYSE:VFC – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The textile maker reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.49 billion. V.F. had a net margin of 3.54% and a return on equity of 27.87%. V.F.’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.35 EPS. Analysts predict that V.F. Co. will post 2.07 EPS for the current year.

V.F. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders of record on Friday, March 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.34%. V.F.’s payout ratio is currently 112.15%.

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.