Sei Investments Co. Purchases 43,697 Shares of VF Corporation (NYSE:VFC)

Sei Investments Co. raised its holdings in shares of VF Corporation (NYSE:VFC) by 26.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,120 shares of the textile maker’s stock after purchasing an additional 43,697 shares during the quarter. Sei Investments Co. owned 0.05% of VF worth $2,796,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of VF by 328.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker’s stock worth $21,922,000 after acquiring an additional 1,244,448 shares during the last quarter. Sompo Asset Management Co. Ltd. lifted its holdings in shares of VF by 60.6% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 351,520 shares of the textile maker’s stock valued at $6,609,000 after purchasing an additional 132,650 shares in the last quarter. Compass Wealth Management LLC purchased a new position in shares of VF during the first quarter valued at approximately $2,574,000. Virtu Financial LLC purchased a new position in shares of VF during the fourth quarter valued at approximately $1,036,000. Finally, Murphy Pohlad Asset Management LLC bought a new stake in VF during the second quarter worth $1,668,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Price Performance

VFC opened at $19.53 on Friday. The firm has a 50-day moving average price of $17.80 and a 200-day moving average price of $15.01. VF Corporation has a twelve month low of $11.00 and a twelve month high of $20.69. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of -7.81, a PEG ratio of 2.24 and a beta of 1.53.

VF (NYSE:VFC) last issued its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the firm posted ($0.15) EPS. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities analysts expect that VF Corporation will post 0.72 EPS for the current year.

VF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 1.84%. VF’s dividend payout ratio is currently -14.40%.

Insider Buying and Selling at VF

In other news, Director Richard Carucci purchased 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average cost of $16.70 per share, with a total value of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VFC shares. StockNews.com raised shares of VF from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Robert W. Baird upped their price objective on shares of VF from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Barclays raised shares of VF from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $22.00 in a research report on Wednesday, September 18th. Telsey Advisory Group upped their target price on VF from $15.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets lifted their price target on VF from $13.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.41.

VF 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.