State of Tennessee Department of Treasury Sells 11,333 Shares of VF Corporation (NYSE:VFC)

State of Tennessee Department of Treasury decreased its holdings in shares of VF Corporation (NYSE:VFC) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,459 shares of the textile maker’s stock after selling 11,333 shares during the period. State of Tennessee Department of Treasury’s holdings in VF were worth $2,800,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. CKW Financial Group boosted its holdings in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares in the last quarter. Fiduciary Alliance LLC grew its stake in VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after acquiring an additional 16,431 shares during the period. TB Alternative Assets Ltd. bought a new stake in shares of VF during the fourth quarter valued at approximately $1,878,000. Finally, Segall Bryant & Hamill LLC raised its position in shares of VF by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after purchasing an additional 211,440 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on VFC shares. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target on shares of VF in a research report on Friday, March 7th. Truist Financial reissued a “hold” rating and set a $24.00 target price (up from $20.00) on shares of VF in a research report on Thursday, January 30th. The Goldman Sachs Group dropped their price target on shares of VF from $25.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. OTR Global raised VF from a “mixed” rating to a “positive” rating in a report on Friday, January 10th. Finally, UBS Group increased their price objective on VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, VF currently has an average rating of “Hold” and a consensus price target of $21.70.

VF Stock Down 1.6 %

VFC opened at $11.35 on Monday. VF Corporation has a twelve month low of $9.41 and a twelve month high of $29.02. The company’s 50-day moving average price is $16.39 and its two-hundred day moving average price is $19.92. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of -9.54, a PEG ratio of 6.77 and a beta of 1.57. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the prior year, the business earned $0.57 EPS. As a group, equities analysts expect that VF Corporation will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Monday, March 10th. VF’s dividend payout ratio is currently -30.25%.

About VF

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.