Amalgamated Bank Has $2.08 Million Stake in VF Corporation (NYSE:VFC)

Amalgamated Bank lowered its holdings in shares of VF Corporation (NYSE:VFC - Free Report) by 30.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,379 shares of the textile maker's stock after selling 46,774 shares during the period. Amalgamated Bank's holdings in VF were worth $2,082,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in VF by 328.0% during the second quarter. Principal Financial Group Inc. now owns 1,623,875 shares of the textile maker's stock worth $21,922,000 after purchasing an additional 1,244,448 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in VF by 90.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 202,723 shares of the textile maker's stock valued at $2,737,000 after purchasing an additional 96,442 shares during the period. Murphy Pohlad Asset Management LLC bought a new stake in shares of VF during the 2nd quarter valued at about $1,668,000. Smith Thornton Advisors LLC purchased a new position in VF in the second quarter worth about $436,000. Finally, Scientech Research LLC raised its holdings in shares of VF by 220.1% during the second quarter. Scientech Research LLC now owns 93,861 shares of the textile maker's stock valued at $1,267,000 after purchasing an additional 64,541 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VF

In other news, Director Richard Carucci acquired 15,000 shares of the business's stock in a transaction dated 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 completion of the acquisition, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VFC shares. Robert W. Baird upped their target price on shares of VF from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Wedbush reissued a "neutral" rating and issued a $13.00 target price on shares of VF in a research note on Monday, August 5th. Jefferies Financial Group assumed coverage on shares of VF in a research note on Friday, September 27th. They issued a "hold" rating and a $20.00 target price on the stock. Citigroup increased their target price on shares of VF from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Finally, Barclays increased their target price on shares of VF from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.19.

VF Price Performance

VF stock traded down $0.62 during midday trading on Tuesday, reaching $20.14. 2,168,134 shares of the company were exchanged, compared to its average volume of 8,253,140. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.88 and a current ratio of 1.30. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of -12.00, a P/E/G ratio of 7.99 and a beta of 1.52. The firm's 50-day simple moving average is $19.26 and its 200-day simple moving average is $16.19. VF Corporation has a 1 year low of $11.00 and a 1 year high of $23.09.

VF (NYSE:VFC - Get Free Report) last announced its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a positive return on equity of 12.53% and a negative net margin of 6.68%. VF's quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. On average, analysts anticipate that VF Corporation will post 0.49 EPS for the current year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.79%. VF's payout ratio is -20.81%.

VF Company 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.