Bard Financial Services Inc. Sells 53,150 Shares of VF Corporation (NYSE:VFC)

Bard Financial Services Inc. reduced its stake in VF Corporation (NYSE:VFC) by 43.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,640 shares of the textile maker’s stock after selling 53,150 shares during the period. Bard Financial Services Inc.’s holdings in VF were worth $1,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mather Group LLC. acquired a new stake in shares of VF in the 1st quarter valued at approximately $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of VF in the 1st quarter worth approximately $31,000. Northwest Investment Counselors LLC purchased a new position in VF in the first quarter valued at approximately $39,000. Bank & Trust Co bought a new stake in VF during the 2nd quarter valued at $35,000. Finally, Versant Capital Management Inc increased its holdings in shares of VF by 6,981.1% in the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after purchasing an additional 2,583 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on VFC. Evercore ISI upped their price target on shares of VF from $14.00 to $16.00 and gave the company an “in-line” rating in a research report on Wednesday, August 7th. Telsey Advisory Group raised their price target on shares of VF from $15.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their price target on shares of VF from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Jefferies Financial Group started coverage on shares of VF in a research note on Friday, September 27th. They set a “hold” rating and a $20.00 target price on the stock. Finally, Barclays upgraded shares of VF from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $22.00 in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, VF has a consensus rating of “Hold” and an average target price of $16.41.

VF Price Performance

Shares of VFC stock traded up $1.78 on Friday, hitting $21.31. 9,646,982 shares of the company’s stock were exchanged, compared to its average volume of 8,300,110. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. VF Corporation has a 12 month low of $11.00 and a 12 month high of $21.33. The stock has a market cap of $8.29 billion, a P/E ratio of -8.53, a price-to-earnings-growth ratio of 2.23 and a beta of 1.53. The company has a 50 day moving average of $17.90 and a 200 day moving average of $15.05.

VF (NYSE:VFC) last posted its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.15) earnings per share. On average, equities research analysts predict that VF Corporation will post 0.72 EPS for the current year.

VF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 1.69%. VF’s dividend payout ratio (DPR) is presently -14.40%.

Insider Activity

In other VF news, Director Richard Carucci purchased 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

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.