Segall Bryant & Hamill LLC Raises Holdings in VF Corporation (NYSE:VFC)

Segall Bryant & Hamill LLC raised its position in shares of VF Corporation (NYSE:VFC - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,874,781 shares of the textile maker's stock after acquiring an additional 211,440 shares during the period. VF makes up 1.1% of Segall Bryant & Hamill LLC's portfolio, making the stock its 5th biggest position. Segall Bryant & Hamill LLC owned about 0.99% of VF worth $83,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC raised its stake in shares of VF by 6.8% in 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. TB Alternative Assets Ltd. purchased a new position in VF in the fourth quarter valued at about $1,878,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of VF by 100.0% during 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 in the last quarter. Finally, CKW Financial Group grew its stake in shares of VF by 29.4% in the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after buying an additional 500 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VFC. UBS Group lifted their price objective on shares of VF from $24.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. 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. Argus raised VF from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group increased their price target on VF from $22.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Truist Financial reaffirmed a "hold" rating and issued a $24.00 target price (up from $20.00) on shares of VF in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $22.67.

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VF Stock Down 4.6 %

Shares of VFC stock traded down $0.76 during trading on Friday, hitting $15.71. 5,291,393 shares of the company were exchanged, compared to its average volume of 7,625,865. The business's 50-day simple moving average is $22.32 and its 200 day simple moving average is $21.06. VF Corporation has a twelve month low of $11.00 and a twelve month high of $29.02. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of -13.20, a P/E/G ratio of 6.77 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56.

VF (NYSE:VFC - Get Free Report) last released its 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 negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the prior year, the business posted $0.57 earnings per share. As a group, analysts forecast that VF Corporation will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.29%. VF's dividend payout ratio (DPR) is -30.25%.

About VF

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.