Bard Financial Services Inc. Lowers Position in VF Corporation (NYSE:VFC)

Bard Financial Services Inc. cut its holdings in VF Corporation (NYSE:VFC) by 60.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,790 shares of the textile maker’s stock after selling 55,800 shares during the period. Bard Financial Services Inc.’s holdings in VF were worth $571,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fiduciary Alliance LLC grew its holdings in shares of VF by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker’s stock valued at $4,634,000 after acquiring an additional 42,065 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of VF by 11.0% in the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker’s stock valued at $14,414,000 after acquiring an additional 92,174 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of VF by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock valued at $83,153,000 after acquiring an additional 211,440 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of VF by 1,355.2% in the first quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker’s stock valued at $6,276,000 after acquiring an additional 376,615 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of VF in the first quarter valued at approximately $350,000. 86.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VFC has been the subject of several research reports. Truist Financial reduced their price objective on VF from $24.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, May 22nd. Robert W. Baird reduced their price objective on VF from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, May 22nd. Needham & Company LLC reduced their price objective on VF from $28.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 21st. BMO Capital Markets set a $15.00 price objective on VF and gave the company a “market perform” rating in a report on Thursday, May 22nd. Finally, BNP Paribas reissued a “neutral” rating on shares of VF in a report on Thursday, May 22nd. Sixteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.21.

VF Price Performance

Shares of VFC opened at $12.96 on Wednesday. The firm has a market cap of $5.05 billion, a PE ratio of -10.89, a P/E/G ratio of 6.77 and a beta of 1.69. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The firm has a fifty day simple moving average of $12.28 and a two-hundred day simple moving average of $18.43. VF Corporation has a 1-year low of $9.41 and a 1-year high of $29.02.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.17 billion. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. VF’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.32) EPS. On average, equities analysts anticipate that VF Corporation will post 0.73 EPS for the current year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 10th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.36 dividend on an annualized basis and a yield of 2.78%. VF’s dividend payout ratio is presently -72.00%.

Insider Buying and Selling

In other news, insider Bracken Darrell acquired 85,840 shares of VF stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of $11.73 per share, with a total value of $1,006,903.20. Following the purchase, the insider now directly owns 295,406 shares in the company, valued at $3,465,112.38. The trade was a 40.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Abhishek Dalmia bought 50,000 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $11.78 per share, for a total transaction of $589,000.00. Following the transaction, the executive vice president now owns 380,614 shares in the company, valued at approximately $4,483,632.92. The trade was a 15.12% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 185,840 shares of company stock valued at $2,198,403. Corporate insiders own 0.70% of the company’s stock.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.