AQR Capital Management LLC Sells 659,345 Shares of VF Corporation (NYSE:VFC)

AQR Capital Management LLC lessened its holdings in VF Corporation (NYSE:VFC - Free Report) by 84.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,137 shares of the textile maker's stock after selling 659,345 shares during the quarter. AQR Capital Management LLC's holdings in VF were worth $1,611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VFC. Grace & Mercy Foundation Inc. lifted its stake in VF by 12.5% in the fourth quarter. Grace & Mercy Foundation Inc. now owns 54,000 shares of the textile maker's stock valued at $1,015,000 after buying an additional 6,000 shares during the last quarter. V Square Quantitative Management LLC grew its position in VF by 11.5% in the 4th quarter. V Square Quantitative Management LLC now owns 13,242 shares of the textile maker's stock worth $249,000 after purchasing an additional 1,367 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of VF by 36.3% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 105,322 shares of the textile maker's stock valued at $1,981,000 after buying an additional 28,027 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of VF during the fourth quarter worth approximately $1,036,000. Finally, Royal London Asset Management Ltd. boosted its position in shares of VF by 0.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 137,480 shares of the textile maker's stock worth $2,585,000 after buying an additional 1,079 shares during the period. 86.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at VF

In other VF news, Director Richard Carucci bought 15,000 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the purchase, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. This trade 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. 0.70% of the stock is currently owned by corporate insiders.

VF Stock Down 0.0 %

Shares of VFC traded down $0.01 during trading hours on Friday, hitting $20.24. 1,133,268 shares of the company were exchanged, compared to its average volume of 8,198,863. The firm's 50 day moving average is $18.17 and its 200-day moving average is $15.21. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. VF Corporation has a 52 week low of $11.00 and a 52 week high of $21.40. The company has a market cap of $7.88 billion, a PE ratio of -6.62, a PEG ratio of 2.24 and a beta of 1.53.

VF (NYSE:VFC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.04. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company posted ($0.15) earnings per share. The company's revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts forecast that VF Corporation will post 0.73 EPS for the current fiscal year.

VF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, September 10th. VF's dividend payout ratio (DPR) is -11.92%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VFC shares. Evercore ISI boosted their price target on VF from $14.00 to $16.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 7th. StockNews.com raised shares of VF from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of VF from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. UBS Group upped their target price on VF from $12.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. Finally, BMO Capital Markets lifted their price target on VF from $13.00 to $14.00 and gave the company a "market perform" rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, VF presently has an average rating of "Hold" and an average price target of $16.94.

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.