Hanseatic Management Services Inc. Invests $640,000 in VF Corporation (NYSE:VFC)

Hanseatic Management Services Inc. bought a new position in VF Corporation (NYSE:VFC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,105 shares of the textile maker's stock, valued at approximately $640,000.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC boosted its position in VF by 8.9% during the 2nd quarter. V Square Quantitative Management LLC now owns 10,803 shares of the textile maker's stock valued at $146,000 after acquiring an additional 879 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in VF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker's stock valued at $41,000 after acquiring an additional 895 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in VF by 0.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 106,281 shares of the textile maker's stock valued at $1,630,000 after acquiring an additional 959 shares in the last quarter. Arkadios Wealth Advisors boosted its position in 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 acquiring an additional 1,217 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in VF by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 92,524 shares of the textile maker's stock valued at $1,249,000 after acquiring an additional 1,681 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

VF Stock Up 3.9 %

VFC stock traded up $0.80 during midday trading on Thursday, hitting $21.63. The company's stock had a trading volume of 4,580,870 shares, compared to its average volume of 8,314,415. The company has a market cap of $8.42 billion, a PE ratio of -12.50, a P/E/G ratio of 8.19 and a beta of 1.52. VF Corporation has a 12 month low of $11.00 and a 12 month high of $23.09. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86. The firm's 50-day moving average is $19.09 and its 200-day moving average is $15.99.

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

VF Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.66%. VF's payout ratio is -20.81%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VFC. Evercore ISI lifted their price objective on VF from $14.00 to $16.00 and gave the company an "in-line" rating in a research report on Wednesday, August 7th. Jefferies Financial Group began coverage on VF in a research report on Friday, September 27th. They set a "hold" rating and a $20.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of VF from $21.00 to $25.00 and gave the company a "buy" rating in a report on Monday, October 14th. UBS Group lifted their target price on shares of VF from $12.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Finally, StockNews.com upgraded shares of VF from a "sell" rating to a "hold" rating in a report on Saturday, October 26th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $18.19.

Insider Activity

In other news, Director Richard Carucci purchased 15,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average cost of $16.70 per share, with a total value of $250,500.00. Following the acquisition, the director now directly owns 230,178 shares of the company's stock, valued at $3,843,972.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company's stock.

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.