Hanseatic Management Services Inc. Has $674,000 Stock Holdings in VF Corporation (NYSE:VFC)

Hanseatic Management Services Inc. lowered its holdings in shares of VF Corporation (NYSE:VFC) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,405 shares of the textile maker’s stock after selling 700 shares during the period. Hanseatic Management Services Inc.’s holdings in VF were worth $674,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Future Financial Wealth Managment LLC acquired a new position in VF during the third quarter worth about $40,000. Abich Financial Wealth Management LLC bought a new stake in shares of VF during the 2nd quarter valued at approximately $60,000. Thurston Springer Miller Herd & Titak Inc. increased its position in VF by 100.0% during the 4th 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. Legacy Financial Advisors Inc. bought a new position in VF in the 2nd quarter valued at approximately $158,000. Finally, Evergreen Capital Management LLC acquired a new stake in VF in the second quarter valued at approximately $226,000. 86.84% of the stock is currently owned by institutional investors.

VF Price Performance

Shares of VFC opened at $23.71 on Friday. VF Corporation has a 52-week low of $11.00 and a 52-week high of $24.00. The business’s 50 day moving average price is $21.23 and its two-hundred day moving average price is $18.92. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88.

VF (NYSE:VFC) last released its earnings results on Monday, October 28th. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. VF had a negative net margin of 6.68% and a positive return on equity of 12.53%. VF’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. Research analysts forecast that VF Corporation will post 0.48 EPS for the current year.

VF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.36 annualized dividend and a dividend yield of 1.52%. VF’s dividend payout ratio is presently -20.81%.

Analyst Ratings Changes

Several research firms recently weighed in on VFC. JPMorgan Chase & Co. raised their price objective on VF from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday. Guggenheim lifted their price target on VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Truist Financial assumed coverage on VF in a research note on Thursday, December 5th. They issued a “hold” rating and a $20.00 price objective for the company. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, Robert W. Baird upped their price target on shares of VF from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.63.

VF 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.