Bard Financial Services Inc. Has $1.99 Million Holdings in VF Corporation (NYSE:VFC)

Bard Financial Services Inc. trimmed its holdings in VF Corporation (NYSE:VFC) by 13.8% in the fourth quarter, Holdings Channel reports. The fund owned 92,590 shares of the textile maker’s stock after selling 14,850 shares during the period. Bard Financial Services Inc.’s holdings in VF were worth $1,987,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Segall Bryant & Hamill LLC raised its stake in shares of VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after purchasing an additional 65,919 shares during the period. Hanseatic Management Services Inc. acquired a new stake in VF in the 3rd quarter valued at approximately $640,000. Arkadios Wealth Advisors boosted its position in VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after acquiring an additional 1,217 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in shares of VF by 18.9% in the third quarter. Fiduciary Alliance LLC now owns 240,100 shares of the textile maker’s stock valued at $4,790,000 after purchasing an additional 38,088 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of VF in the third quarter worth $40,000. 86.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VFC has been the topic of several analyst reports. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price target on VF from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Barclays increased their price objective on VF from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Guggenheim boosted their target price on shares of VF from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Telsey Advisory Group lifted their price objective on shares of VF from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.11.

VF Stock Performance

Shares of VFC traded up $0.39 during midday trading on Monday, reaching $21.55. 2,238,052 shares of the stock were exchanged, compared to its average volume of 3,147,416. The stock’s 50 day simple moving average is $20.90 and its 200 day simple moving average is $18.39. The company has a market cap of $8.39 billion, a P/E ratio of -12.46, a PEG ratio of 8.19 and a beta of 1.45. VF Corporation has a twelve month low of $11.00 and a twelve month high of $23.49. 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 (NYSE:VFC) last posted its quarterly earnings data on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, sell-side analysts expect that VF Corporation will post 0.48 earnings per share for the current year.

VF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Tuesday, December 10th. VF’s dividend payout ratio (DPR) is currently -20.81%.

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.