Northeast Investment Management trimmed its stake in shares of VF Corp (NYSE:VFC) by 30.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,212 shares of the textile maker’s stock after selling 2,322 shares during the quarter. Northeast Investment Management’s holdings in VF were worth $331,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Dearborn Partners LLC boosted its position in VF by 5.9% during the third quarter. Dearborn Partners LLC now owns 337,208 shares of the textile maker’s stock worth $21,436,000 after purchasing an additional 18,889 shares during the period. Camelot Portfolios LLC boosted its position in VF by 3.5% during the third quarter. Camelot Portfolios LLC now owns 27,300 shares of the textile maker’s stock worth $1,735,000 after purchasing an additional 932 shares during the period. Dorsey & Whitney Trust CO LLC bought a new position in VF during the third quarter worth $215,000. Zeke Capital Advisors LLC bought a new position in VF during the third quarter worth $462,000. Finally, Amundi Pioneer Asset Management Inc. boosted its position in VF by 16.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 398,071 shares of the textile maker’s stock worth $25,305,000 after purchasing an additional 57,581 shares during the period. 85.74% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Steven E. Rendle sold 65,604 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $70.57, for a total transaction of $4,629,674.28. Following the completion of the sale, the chief executive officer now owns 162,235 shares of the company’s stock, valued at $11,448,923.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott H. Baxter sold 89,822 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $71.14, for a total transaction of $6,389,937.08. Following the sale, the vice president now directly owns 127,844 shares of the company’s stock, valued at approximately $9,094,822.16. The disclosure for this sale can be found here. Insiders have sold 254,660 shares of company stock valued at $18,035,832 in the last ninety days. 1.60% of the stock is currently owned by company insiders.
Shares of VF Corp (NYSE:VFC) traded down $0.57 during trading on Tuesday, hitting $71.22. 4,297,500 shares of the stock were exchanged, compared to its average volume of 3,069,965. The company has a market capitalization of $28,140.00, a PE ratio of 23.61, a PEG ratio of 2.29 and a beta of 0.81. VF Corp has a 52 week low of $48.05 and a 52 week high of $74.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47.
VF (NYSE:VFC) last posted its quarterly earnings data on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.11. VF had a net margin of 8.24% and a return on equity of 29.22%. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the business posted $1.20 earnings per share. VF’s revenue was up 5.4% compared to the same quarter last year. equities analysts anticipate that VF Corp will post 3.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, December 8th will be given a dividend of $0.46 per share. This is a boost from VF’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.84 annualized dividend and a yield of 2.58%. VF’s dividend payout ratio is currently 69.71%.
A number of research firms have commented on VFC. DA Davidson lifted their price objective on shares of VF to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 24th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $75.00 price objective (up from $70.00) on shares of VF in a research report on Tuesday, August 15th. Cowen reaffirmed a “hold” rating and set a $63.00 price objective on shares of VF in a research report on Thursday, September 21st. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 target price (up previously from $57.00) on shares of VF in a research report on Monday, August 14th. Finally, Buckingham Research boosted their target price on shares of VF from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $65.84.
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V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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