VF Corporation (NYSE:VFC) Shares Sold by Modus Advisors LLC

Modus Advisors LLC decreased its position in VF Corporation (NYSE:VFC) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,295 shares of the textile maker’s stock after selling 6,042 shares during the period. Modus Advisors LLC’s holdings in VF were worth $1,852,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in shares of VF in the 3rd quarter valued at $40,000. Abich Financial Wealth Management LLC acquired a new stake in shares of VF during the second quarter valued at about $60,000. Summit Financial LLC purchased a new stake in shares of VF in the 2nd quarter valued at approximately $137,000. Legacy Financial Advisors Inc. purchased a new position in shares of VF during the 2nd quarter worth approximately $158,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in VF in the 2nd quarter valued at approximately $196,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Stock Down 2.6 %

Shares of VFC traded down $0.55 during mid-day trading on Friday, reaching $20.99. 607,089 shares of the stock traded hands, compared to its average volume of 1,801,789. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of -12.13, a P/E/G ratio of 8.19 and a beta of 1.45. The stock has a fifty day simple moving average of $20.81 and a 200 day simple moving average of $18.27. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. VF Corporation has a 12-month low of $11.00 and a 12-month high of $23.49.

VF (NYSE:VFC) last posted its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.41 by $0.19. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. Sell-side analysts expect that VF Corporation will post 0.48 EPS for the current fiscal year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Tuesday, December 10th. VF’s dividend payout ratio (DPR) is -20.81%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VFC. Robert W. Baird raised their price target on VF from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Citigroup boosted their price target on shares of VF from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Jefferies Financial Group started coverage on VF in a report on Friday, September 27th. They set a “hold” rating and a $20.00 price objective on the stock. Telsey Advisory Group boosted their target price on VF from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group started coverage on VF in a research report on Friday, October 11th. They set a “neutral” rating and a $20.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, VF presently has a consensus rating of “Hold” and an average price target of $19.11.

VF 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.