VF Corporation (NYSE:VFC) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. decreased its position in VF Corporation (NYSE:VFC) by 11.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,440 shares of the textile maker’s stock after selling 14,350 shares during the quarter. Bard Financial Services Inc.’s holdings in VF were worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in shares of VF in the third quarter valued at approximately $40,000. Abich Financial Wealth Management LLC purchased a new stake in shares of VF in the second quarter worth about $60,000. Banque Cantonale Vaudoise grew its stake in shares of VF by 113.3% in the second quarter. Banque Cantonale Vaudoise now owns 6,860 shares of the textile maker’s stock valued at $93,000 after buying an additional 3,644 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of VF during the 2nd quarter valued at about $103,000. Finally, Kessler Investment Group LLC lifted its position in VF by 49.2% during the 2nd quarter. Kessler Investment Group LLC now owns 9,347 shares of the textile maker’s stock worth $126,000 after acquiring an additional 3,084 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

VF Trading Up 0.9 %

Shares of VFC stock opened at $21.03 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 2.86. The stock has a 50-day simple moving average of $19.97 and a 200 day simple moving average of $17.26. VF Corporation has a fifty-two week low of $11.00 and a fifty-two week high of $23.09. The stock has a market capitalization of $8.19 billion, a P/E ratio of -12.03, a P/E/G ratio of 8.18 and a beta of 1.49.

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

VF Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, December 10th. VF’s dividend payout ratio is -20.81%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group boosted their target price on shares of VF from $12.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. TD Cowen boosted their price objective on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a report on Tuesday, October 29th. Citigroup raised their target price on VF from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Telsey Advisory Group boosted their price target on VF from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Finally, StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.29.

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.