GAMMA Investing LLC Buys 3,348 Shares of V.F. Co. (NYSE:VFC)

GAMMA Investing LLC grew its stake in shares of V.F. Co. (NYSE:VFC) by 21.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,291 shares of the textile maker’s stock after buying an additional 3,348 shares during the quarter. GAMMA Investing LLC’s holdings in V.F. were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. M&G Plc bought a new position in shares of V.F. during the first quarter valued at about $200,768,000. M&G Investment Management Ltd. boosted its holdings in shares of V.F. by 19.4% during the fourth quarter. M&G Investment Management Ltd. now owns 12,413,169 shares of the textile maker’s stock worth $235,850,000 after purchasing an additional 2,016,470 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of V.F. by 12.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,281,957 shares of the textile maker’s stock worth $80,501,000 after purchasing an additional 473,952 shares during the period. Norges Bank purchased a new stake in shares of V.F. during the fourth quarter worth about $76,059,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of V.F. by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,265,581 shares of the textile maker’s stock worth $61,393,000 after purchasing an additional 166,769 shares during the period. 86.84% of the stock is owned by institutional investors.

V.F. Stock Up 5.5 %

Shares of VFC stock traded up $0.88 during trading hours on Tuesday, hitting $16.95. 6,278,881 shares of the company’s stock traded hands, compared to its average volume of 8,683,905. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of -6.70, a PEG ratio of 1.24 and a beta of 1.52. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 2.84. The stock’s fifty day simple moving average is $14.23 and its two-hundred day simple moving average is $14.45. V.F. Co. has a 12-month low of $11.00 and a 12-month high of $21.17.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.34). The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a negative net margin of 9.27% and a positive return on equity of 13.14%. V.F.’s revenue was down 13.4% on a year-over-year basis. During the same period last year, the business earned $0.17 EPS. On average, analysts expect that V.F. Co. will post 0.85 EPS for the current year.

V.F. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were paid a $0.09 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.12%. V.F.’s dividend payout ratio is presently -14.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VFC shares. BMO Capital Markets dropped their target price on shares of V.F. from $18.00 to $13.00 and set a “market perform” rating for the company in a report on Thursday, May 23rd. UBS Group lowered their price objective on shares of V.F. from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Robert W. Baird lowered their price objective on shares of V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. Bank of America lowered their price objective on shares of V.F. from $13.00 to $11.00 and set an “underperform” rating for the company in a report on Thursday, May 23rd. Finally, Citigroup upgraded shares of V.F. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.00 to $20.00 in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.63.

Insider Activity

In related news, insider Bracken Darrell bought 75,200 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the purchase, the insider now owns 219,972 shares in the company, valued at $2,916,828.72. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, Director Richard Carucci bought 25,000 shares of V.F. stock in a transaction that occurred on Thursday, June 13th. The stock was bought at an average cost of $13.78 per share, with a total value of $344,500.00. Following the acquisition, the director now owns 215,130 shares of the company’s stock, valued at approximately $2,964,491.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bracken Darrell bought 75,200 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of $13.26 per share, for a total transaction of $997,152.00. Following the purchase, the insider now owns 219,972 shares in the company, valued at approximately $2,916,828.72. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate insiders.

V.F. Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.