Russell Investments Group Ltd. Decreases Holdings in VF Corporation (NYSE:VFC)

Russell Investments Group Ltd. reduced its position in shares of VF Corporation (NYSE:VFC - Free Report) by 69.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,715 shares of the textile maker's stock after selling 555,636 shares during the period. Russell Investments Group Ltd. owned 0.06% of VF worth $5,359,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VFC. Segall Bryant & Hamill LLC raised its position in shares of VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after acquiring an additional 211,440 shares in the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of VF during the 4th quarter valued at $1,878,000. Fiduciary Alliance LLC lifted its position in VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock valued at $5,505,000 after acquiring an additional 16,431 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock worth $129,000 after purchasing an additional 3,008 shares during the period. Finally, CKW Financial Group grew its stake in shares of VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company's stock.

VF Stock Performance

NYSE VFC traded up $0.13 on Friday, reaching $10.44. 10,710,503 shares of the stock were exchanged, compared to its average volume of 7,741,741. The firm has a market capitalization of $4.07 billion, a PE ratio of -8.77, a PEG ratio of 6.77 and a beta of 1.57. VF Corporation has a one year low of $9.41 and a one year high of $29.02. The company's 50-day simple moving average is $17.82 and its two-hundred day simple moving average is $20.23. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period last year, the firm posted $0.57 earnings per share. Analysts expect that VF Corporation will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Monday, March 10th. VF's dividend payout ratio (DPR) is presently -30.25%.

Wall Street Analyst Weigh In

VFC has been the subject of several recent analyst reports. Piper Sandler lowered their price target on VF from $18.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Truist Financial reaffirmed a "hold" rating and issued a $24.00 target price (up from $20.00) on shares of VF in a report on Thursday, January 30th. Jefferies Financial Group increased their price target on shares of VF from $21.00 to $24.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of VF from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $28.00 target price on shares of VF in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, VF has an average rating of "Hold" and an average price target of $22.35.

VF Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.