V.F. Co. (NYSE:VFC) Shares Sold by OPSEU Pension Plan Trust Fund

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OPSEU Pension Plan Trust Fund reduced its position in shares of V.F. Co. (NYSE:VFC) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,043 shares of the textile maker’s stock after selling 821 shares during the period. V.F. accounts for about 0.7% of OPSEU Pension Plan Trust Fund’s investment portfolio, making the stock its 23rd largest position. OPSEU Pension Plan Trust Fund’s holdings in V.F. were worth $2,207,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VFC. Kore Private Wealth LLC raised its holdings in V.F. by 298.4% in the second quarter. Kore Private Wealth LLC now owns 498 shares of the textile maker’s stock valued at $30,000 after buying an additional 373 shares during the period. Knuff & Co LLC raised its holdings in V.F. by 175.5% in the second quarter. Knuff & Co LLC now owns 551 shares of the textile maker’s stock valued at $34,000 after buying an additional 351 shares during the period. FIL Ltd purchased a new position in V.F. in the second quarter valued at approximately $52,000. Freestone Capital Holdings LLC purchased a new position in V.F. in the third quarter valued at approximately $53,000. Finally, Prestige Wealth Management Group LLC raised its holdings in V.F. by 26.3% in the third quarter. Prestige Wealth Management Group LLC now owns 899 shares of the textile maker’s stock valued at $64,000 after buying an additional 187 shares during the period. 69.41% of the stock is currently owned by institutional investors.

In other news, Director W Alan Mccollough sold 9,501 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $67.08, for a total transaction of $637,327.08. Following the completion of the transaction, the director now owns 27,272 shares of the company’s stock, valued at $1,829,405.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Laura C. Meagher sold 27,499 shares of the business’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $77.45, for a total transaction of $2,129,797.55. In the last three months, insiders have sold 90,059 shares of company stock valued at $6,957,724. Corporate insiders own 0.80% of the company’s stock.

VFC has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of V.F. from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Royal Bank of Canada lifted their price objective on shares of V.F. from $84.00 to $94.00 in a research note on Tuesday, November 10th. Piper Sandler raised their price target on shares of V.F. from $58.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 30th. TheStreet raised shares of V.F. from a “d+” rating to a “c” rating in a research report on Tuesday, September 15th. Finally, Robert W. Baird raised their price target on shares of V.F. from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $81.26.

V.F. stock traded up $1.17 during mid-day trading on Tuesday, reaching $83.45. The company’s stock had a trading volume of 26,082 shares, compared to its average volume of 2,803,717. The firm has a market cap of $32.09 billion, a price-to-earnings ratio of -632.92, a PEG ratio of 5.58 and a beta of 1.14. The business has a 50 day moving average price of $73.66 and a 200-day moving average price of $65.04. The company has a current ratio of 3.20, a quick ratio of 2.52 and a debt-to-equity ratio of 1.93. V.F. Co. has a twelve month low of $45.07 and a twelve month high of $100.25.

V.F. (NYSE:VFC) last released its quarterly earnings data on Friday, October 16th. The textile maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.19. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.54 billion. V.F. had a negative net margin of 0.52% and a positive return on equity of 16.44%. The firm’s revenue was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 earnings per share. On average, equities analysts expect that V.F. Co. will post 1.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Thursday, December 10th will be issued a dividend of $0.49 per share. This is an increase from V.F.’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, December 9th. This represents a $1.96 annualized dividend and a dividend yield of 2.35%. V.F.’s payout ratio is 71.64%.

V.F. Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through four segments: Outdoor, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.

Further Reading: Cash Flow Analysis in Stock Selection

Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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