Belpointe Asset Management LLC Purchases Shares of 3,564 V.F. Co. (NYSE:VFC)

Posted by on May 20th, 2023

Belpointe Asset Management LLC purchased a new stake in V.F. Co. (NYSE:VFC – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,564 shares of the textile maker’s stock, valued at approximately $98,000.

A number of other large investors also recently bought and sold shares of the stock. TCI Wealth Advisors Inc. lifted its position in shares of V.F. by 345.7% during the 4th 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. increased 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 worth $28,000 after acquiring an additional 337 shares during the last quarter. General Partner Inc. acquired a new stake in shares of V.F. in the 4th quarter worth $30,000. Bogart Wealth LLC increased its stake in shares of V.F. by 878.9% in the 4th quarter. Bogart Wealth LLC now owns 1,116 shares of the textile maker’s stock worth $31,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Guardian Wealth Advisors LLC acquired a new stake in shares of V.F. in the 3rd quarter worth $33,000. 96.89% of the stock is owned by institutional investors and hedge funds.

V.F. Price Performance

VFC stock opened at $19.07 on Friday. The business has a 50 day moving average price of $21.73 and a 200 day moving average price of $26.28. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 3.01 and a beta of 1.44. V.F. Co. has a fifty-two week low of $18.78 and a fifty-two week high of $51.40. The company has a quick ratio of 0.58, a current ratio of 1.15 and a debt-to-equity ratio of 1.39.

Insider Buying and Selling

In other news, Director Carol L. Roberts acquired 7,109 shares of V.F. stock in a transaction on Wednesday, March 15th. The stock was bought at an average price of $21.07 per share, for a total transaction of $149,786.63. Following the completion of the purchase, the director now owns 7,109 shares in the company, valued at $149,786.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America cut their price objective on V.F. from $23.00 to $20.00 in a research report on Wednesday. BTIG Research reissued a “neutral” rating on shares of V.F. in a research report on Tuesday, February 7th. JPMorgan Chase & Co. cut their price objective on V.F. from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, February 8th. Wells Fargo & Company raised V.F. from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $18.00 to $22.00 in a research report on Friday, May 5th. Finally, Stifel Nicolaus raised V.F. from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, February 10th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.89.

About V.F.

(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.

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

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