Segall Bryant & Hamill LLC Buys 65,919 Shares of VF Corporation (NYSE:VFC)

Segall Bryant & Hamill LLC increased its stake in shares of VF Corporation (NYSE:VFC - Free Report) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,663,341 shares of the textile maker's stock after acquiring an additional 65,919 shares during the period. VF comprises about 1.0% of Segall Bryant & Hamill LLC's portfolio, making the stock its 6th largest position. Segall Bryant & Hamill LLC owned about 0.94% of VF worth $73,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VFC. Bank & Trust Co acquired a new position in VF during the second quarter worth $35,000. Versant Capital Management Inc increased its position in shares of VF by 6,981.1% in the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker's stock valued at $35,000 after acquiring an additional 2,583 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in VF during the third quarter worth about $40,000. EverSource Wealth Advisors LLC boosted its position in VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker's stock valued at $41,000 after purchasing an additional 895 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of VF during the 2nd quarter worth approximately $44,000. 86.84% of the stock is owned by institutional investors and hedge funds.

VF Stock Performance

NYSE VFC traded down $0.26 during trading on Wednesday, reaching $19.03. The company's stock had a trading volume of 1,635,837 shares, compared to its average volume of 8,188,392. VF Corporation has a 12 month low of $11.00 and a 12 month high of $23.09. The firm has a 50 day moving average price of $19.50 and a 200 day moving average price of $16.50. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of -11.15, a price-to-earnings-growth ratio of 7.69 and a beta of 1.52. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.86.

VF (NYSE:VFC - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. As a group, equities analysts anticipate that VF Corporation will post 0.49 EPS for the current fiscal year.

VF Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th will be given 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 yield of 1.89%. VF's dividend payout ratio is -20.81%.

Insiders Place Their Bets

In other VF news, Director Richard Carucci bought 15,000 shares of the business's stock in a transaction on Thursday, August 22nd. The stock was purchased at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now directly owns 230,178 shares of the company's stock, valued at approximately $3,843,972.60. This trade represents a 6.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of VF from $14.00 to $16.00 and gave the company an "in-line" rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of VF from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Wells Fargo & Company cut VF from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $16.00 to $15.00 in a report on Monday, October 14th. BMO Capital Markets upped their price objective on VF from $13.00 to $14.00 and gave the company a "market perform" rating in a research note on Wednesday, August 7th. Finally, Argus upgraded VF to a "hold" rating in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $18.19.

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.