V.F. (NYSE:VFC) Shares Gap Down to $14.07

V.F. Co. (NYSE:VFC) shares gapped down before the market opened on Thursday . The stock had previously closed at $14.07, but opened at $13.75. V.F. shares last traded at $13.73, with a volume of 277,335 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VFC shares. StockNews.com downgraded V.F. from a “hold” rating to a “sell” rating in a research note on Monday, May 27th. Bank of America dropped their price objective on V.F. from $13.00 to $11.00 and set an “underperform” rating on the stock in a research note on Thursday, May 23rd. The Goldman Sachs Group dropped their price objective on V.F. from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, May 23rd. TD Cowen dropped their price objective on V.F. from $14.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, May 23rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $13.00 price objective (down from $18.00) on shares of V.F. in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, V.F. has a consensus rating of “Hold” and a consensus target price of $13.06.

V.F. Trading Down 3.0 %

The firm’s fifty day moving average price is $12.99 and its two-hundred day moving average price is $15.08. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.22 and a quick ratio of 0.71.

V.F. (NYSE:VFC) last released 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 during the quarter, compared to the consensus estimate of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. As a group, sell-side analysts anticipate that V.F. Co. will post 0.85 earnings per share for the current year.

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors 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 yield of 2.64%. V.F.’s dividend payout ratio is presently -14.40%.

Insider Transactions at V.F.

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

Institutional Investors Weigh In On V.F.

Several institutional investors and hedge funds have recently made changes to their positions in VFC. Wolff Wiese Magana LLC increased its position in shares of V.F. by 2,835.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,321 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,276 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in V.F. in the 4th quarter worth approximately $25,000. Mather Group LLC. bought a new stake in V.F. in the 1st quarter worth approximately $27,000. Future Financial Wealth Managment LLC bought a new stake in V.F. in the 1st quarter worth approximately $31,000. Finally, Allworth Financial LP grew its position in V.F. by 111.5% in the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares during the period. Institutional investors own 86.84% of the company’s stock.

About V.F.

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.