Shell Asset Management Co. Has $301,000 Stock Holdings in V.F. Co. (NYSE:VFC)

Posted by on May 9th, 2023

Shell Asset Management Co. cut its holdings in V.F. Co. (NYSE:VFC – Get Rating) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,909 shares of the textile maker’s stock after selling 1,686 shares during the quarter. Shell Asset Management Co.’s holdings in V.F. were worth $301,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VFC. TCI Wealth Advisors Inc. boosted its stake in V.F. by 345.7% in the fourth quarter. TCI Wealth Advisors Inc. now owns 927 shares of the textile maker’s stock valued at $26,000 after buying an additional 719 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of 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 acquiring an additional 337 shares during the last quarter. General Partner Inc. bought a new stake in shares of V.F. during the fourth quarter worth about $30,000. Bogart Wealth LLC increased its position in V.F. by 878.9% in the 4th quarter. Bogart Wealth LLC now owns 1,116 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 1,002 shares during the period. Finally, Guardian Wealth Advisors LLC bought a new position in V.F. during the 3rd quarter worth $33,000. 96.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on VFC. JPMorgan Chase & Co. decreased their target price on shares of V.F. from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, February 8th. Piper Sandler started coverage on V.F. in a research note on Tuesday, April 25th. They issued an “overweight” rating on the stock. Robert W. Baird decreased their target price on V.F. from $30.00 to $24.00 in a research note on Monday, March 20th. BTIG Research reissued a “neutral” rating on shares of V.F. in a research note on Tuesday, February 7th. Finally, StockNews.com downgraded shares of V.F. from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, V.F. presently has an average rating of “Hold” and an average price target of $31.61.

Insider Buying and Selling at V.F.

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

V.F. Price Performance

V.F. stock opened at $22.21 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.39. The business’s 50 day simple moving average is $22.36 and its 200 day simple moving average is $26.70. V.F. Co. has a 12 month low of $20.03 and a 12 month high of $51.40. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 3.20 and a beta of 1.44.

V.F. (NYSE:VFC – Get Rating) last issued its quarterly 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. V.F. had a return on equity of 27.87% and a net margin of 3.54%. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. Sell-side analysts forecast that V.F. Co. will post 2.07 EPS for the current year.

V.F. 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.

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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