Modus Advisors LLC Decreases Stock Holdings in VF Corporation (NYSE:VFC)

Modus Advisors LLC lowered its stake in VF Corporation (NYSE:VFC) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,295 shares of the textile maker’s stock after selling 6,042 shares during the quarter. Modus Advisors LLC’s holdings in VF were worth $1,852,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC grew its holdings in shares of VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after acquiring an additional 65,919 shares during the period. Hanseatic Management Services Inc. bought a new stake in shares of VF during the 3rd quarter valued at about $640,000. Arkadios Wealth Advisors increased its position in shares of VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock valued at $481,000 after purchasing an additional 1,217 shares during the last quarter. Fiduciary Alliance LLC lifted its stake in shares of VF by 18.9% in the 3rd quarter. Fiduciary Alliance LLC now owns 240,100 shares of the textile maker’s stock worth $4,790,000 after purchasing an additional 38,088 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in VF during the third quarter valued at approximately $40,000. Institutional investors own 86.84% of the company’s stock.

Analyst Upgrades and Downgrades

VFC has been the subject of a number of analyst reports. Stifel Nicolaus upped their target price on VF from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Guggenheim lifted their target price on VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group started coverage on shares of VF in a report on Friday, September 27th. They issued a “hold” rating and a $20.00 price target on the stock. Argus raised VF from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat, VF currently has an average rating of “Hold” and an average target price of $19.11.

VF Price Performance

Shares of VF stock traded down $0.55 during mid-day trading on Friday, reaching $20.99. 607,089 shares of the stock traded hands, compared to its average volume of 1,801,789. 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 business has a 50-day moving average of $20.81 and a 200 day moving average of $18.27. The stock has a market capitalization of $8.17 billion, a PE ratio of -12.13, a PEG ratio of 8.19 and a beta of 1.45. VF Corporation has a fifty-two week low of $11.00 and a fifty-two week high of $23.49.

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

VF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, December 10th. VF’s dividend payout ratio (DPR) is -20.81%.

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.