Ontario Teachers Pension Plan Board reduced its holdings in shares of VF Corp (NYSE:VFC) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,104 shares of the textile maker’s stock after selling 2,108 shares during the period. Ontario Teachers Pension Plan Board’s holdings in VF were worth $5,780,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pensionfund Sabic purchased a new position in VF during the 4th quarter valued at about $1,850,000. Oak Point Wealth Management purchased a new position in VF during the 4th quarter valued at about $1,479,000. Amundi Pioneer Asset Management Inc. lifted its position in VF by 16.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 398,071 shares of the textile maker’s stock valued at $25,305,000 after acquiring an additional 57,581 shares during the period. First Merchants Corp lifted its position in VF by 8.1% during the 3rd quarter. First Merchants Corp now owns 69,631 shares of the textile maker’s stock valued at $4,425,000 after acquiring an additional 5,201 shares during the period. Finally, Oak Ridge Investments LLC lifted its position in VF by 27.1% during the 3rd quarter. Oak Ridge Investments LLC now owns 176,542 shares of the textile maker’s stock valued at $11,223,000 after acquiring an additional 37,613 shares during the period. 85.22% of the stock is owned by institutional investors.
Shares of VF Corp (NYSE VFC) opened at $75.21 on Friday. VF Corp has a 12 month low of $51.22 and a 12 month high of $84.38. The company has a market cap of $29,720.00, a P/E ratio of 41.55, a PEG ratio of 2.04 and a beta of 0.91. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.59.
VF (NYSE:VFC) last announced its quarterly earnings results on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). VF had a return on equity of 31.49% and a net margin of 5.08%. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The business’s revenue was up 20.1% compared to the same quarter last year. research analysts anticipate that VF Corp will post 3.5 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, March 8th. VF’s payout ratio is 101.66%.
A number of brokerages recently issued reports on VFC. Guggenheim reissued a “buy” rating and set a $84.00 price target on shares of VF in a research report on Wednesday, January 10th. Piper Jaffray Companies raised shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 price target for the company in a research report on Monday, February 5th. KeyCorp reissued a “hold” rating on shares of VF in a research report on Tuesday, October 31st. Robert W. Baird restated an “average” rating and set a $84.00 price objective on shares of VF in a research note on Wednesday, January 3rd. Finally, Pivotal Research set a $95.00 price objective on shares of VF and gave the company a “buy” rating in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. VF currently has a consensus rating of “Hold” and a consensus target price of $75.10.
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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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