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

TB Alternative Assets Ltd. bought a new position in shares of VF Corporation (NYSE:VFC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 87,528 shares of the textile maker’s stock, valued at approximately $1,878,000. VF makes up about 0.5% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds also recently modified their holdings of VFC. Thurston Springer Miller Herd & Titak Inc. increased its stake 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 valued at $129,000 after acquiring an additional 3,008 shares during the last quarter. Fiduciary Alliance LLC boosted its stake in VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after acquiring an additional 65,919 shares during the last quarter. Hanseatic Management Services Inc. acquired a new position in VF during the third quarter worth about $640,000. Finally, Arkadios Wealth Advisors lifted its holdings in shares of VF by 5.3% in the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after acquiring an additional 1,217 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

VF Stock Up 0.2 %

Shares of VF stock opened at $23.71 on Tuesday. The business has a 50-day moving average price of $21.23 and a two-hundred day moving average price of $19.01. VF Corporation has a 1-year low of $11.00 and a 1-year high of $24.00. 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) last released its earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.41 by $0.19. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations 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 revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share. As a group, sell-side analysts expect that VF Corporation will post 0.48 earnings per share for the current year.

VF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were issued 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 1.52%. VF’s dividend payout ratio is currently -20.81%.

Analysts Set New Price Targets

Several equities analysts recently commented on VFC shares. JPMorgan Chase & Co. increased their price objective on shares of VF from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. TD Cowen raised their price objective on VF from $16.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. Truist Financial initiated coverage on VF in a report on Thursday, December 5th. They issued a “hold” rating and a $20.00 target price for the company. Jefferies Financial Group assumed coverage on VF in a research note on Friday, September 27th. They set a “hold” rating and a $20.00 price target on the stock. Finally, Citigroup upped their price objective on VF from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.63.

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.