TB Alternative Assets Ltd. Purchases Shares of 87,528 VF Corporation (NYSE:VFC)

TB Alternative Assets Ltd. acquired a new position in VF Corporation (NYSE:VFC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 87,528 shares of the textile maker's stock, valued at approximately $1,878,000. VF makes up approximately 0.5% of TB Alternative Assets Ltd.'s portfolio, making the stock its 29th largest position.

Several other hedge funds have also recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in VF in the third quarter valued at $40,000. Abich Financial Wealth Management LLC acquired a new stake in shares of VF in the 2nd quarter valued at about $60,000. Thurston Springer Miller Herd & Titak Inc. increased its position in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock valued at $129,000 after buying an additional 3,008 shares in the last quarter. Legacy Financial Advisors Inc. acquired a new position in VF during the 2nd quarter worth approximately $158,000. Finally, Quent Capital LLC boosted its holdings in VF by 1,917.1% in the third quarter. Quent Capital LLC now owns 12,627 shares of the textile maker's stock worth $247,000 after acquiring an additional 12,001 shares in the last quarter. 86.84% of the stock is owned by institutional investors.

VF Stock Performance

Shares of VFC stock traded up $1.15 during trading hours on Tuesday, hitting $24.82. 4,790,061 shares of the company were exchanged, compared to its average volume of 5,340,963. VF Corporation has a 52-week low of $11.00 and a 52-week high of $24.95. 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 has a fifty day simple moving average of $21.29 and a 200 day simple moving average of $19.08. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of -14.34, a P/E/G ratio of 9.18 and a beta of 1.45.

VF (NYSE:VFC - Get Free Report) last issued its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.19. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business earned $0.63 earnings per share. The company's quarterly revenue was down 5.6% on a year-over-year basis. Research analysts predict that VF Corporation will post 0.48 earnings per share for the current fiscal year.

VF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.45%. VF's dividend payout ratio is currently -20.81%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com raised VF from a "sell" rating to a "hold" rating in a research report on Saturday, October 26th. Argus raised shares of VF from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a research note on Tuesday, December 17th. OTR Global raised shares of VF from a "mixed" rating to a "positive" rating in a research report on Friday, January 10th. Citigroup raised their price target on shares of VF from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Finally, Robert W. Baird boosted their price objective on VF from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.63.

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.