Ladenburg Thalmann Financial Services Inc. boosted its holdings in VF Corp (NYSE:VFC) by 27.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,054 shares of the textile maker’s stock after purchasing an additional 7,713 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in VF were worth $2,668,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC purchased a new position in VF during the 4th quarter worth $131,000. Carroll Financial Associates Inc. boosted its holdings in VF by 368.3% during the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after acquiring an additional 1,613 shares during the last quarter. Alps Advisors Inc. purchased a new position in VF during the 4th quarter worth $205,000. Investment Partners Ltd. OH ADV purchased a new position in VF during the 4th quarter worth $207,000. Finally, Mission Wealth Management LP purchased a new position in VF during the 4th quarter worth $207,000. 85.46% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on VFC shares. Robert W. Baird reaffirmed an “average” rating and set a $84.00 price objective on shares of VF in a report on Wednesday, January 3rd. Piper Jaffray Companies set a $89.00 price objective on shares of VF and gave the stock a “buy” rating in a report on Friday, February 16th. Pivotal Research set a $95.00 price objective on shares of VF and gave the stock a “buy” rating in a report on Wednesday, February 14th. Stifel Nicolaus raised shares of VF from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $91.00 in a report on Sunday, February 11th. Finally, Susquehanna Bancshares reaffirmed a “buy” rating and set a $95.00 price objective on shares of VF in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $75.55.
Shares of VF stock opened at $74.62 on Thursday. The company has a market capitalization of $29,735.91, a price-to-earnings ratio of 24.34, a PEG ratio of 2.11 and a beta of 0.95. VF Corp has a 52 week low of $51.22 and a 52 week high of $84.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60.
VF (NYSE:VFC) last released its earnings results on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01). VF had a return on equity of 31.49% and a net margin of 5.08%. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. research analysts predict that VF Corp will post 3.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 9th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, March 8th. VF’s dividend payout ratio is currently 121.86%.
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VF Company Profile
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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