Jefferies Group LLC boosted its stake in shares of VF Co. (NYSE:VFC) by 177.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,535 shares of the textile maker’s stock after purchasing an additional 9,943 shares during the period. Jefferies Group LLC’s holdings in VF were worth $1,150,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of VFC. Investec Asset Management LTD bought a new position in VF during the fourth quarter valued at approximately $101,867,000. Congress Asset Management Co. MA lifted its position in VF by 379.0% during the fourth quarter. Congress Asset Management Co. MA now owns 763,659 shares of the textile maker’s stock valued at $56,511,000 after purchasing an additional 604,228 shares during the period. Boston Advisors LLC lifted its position in VF by 730.7% during the fourth quarter. Boston Advisors LLC now owns 474,814 shares of the textile maker’s stock valued at $35,136,000 after purchasing an additional 417,655 shares during the period. Smith Asset Management Group LP bought a new position in VF during the fourth quarter valued at approximately $27,544,000. Finally, Amundi Pioneer Asset Management Inc. lifted its position in VF by 88.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 748,905 shares of the textile maker’s stock valued at $55,419,000 after purchasing an additional 350,834 shares during the period. Institutional investors own 85.48% of the company’s stock.
VFC has been the topic of several recent research reports. Pivotal Research set a $95.00 price target on shares of VF and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Guggenheim reiterated a “buy” rating on shares of VF in a research report on Thursday, March 8th. Stifel Nicolaus upgraded shares of VF from a “hold” rating to a “buy” rating and increased their price target for the stock from $78.00 to $91.00 in a research report on Sunday, February 11th. Canaccord Genuity reiterated a “buy” rating and issued a $90.00 price target (up from $81.00) on shares of VF in a research report on Monday, January 29th. Finally, Robert W. Baird reiterated an “average” rating and issued a $84.00 price target on shares of VF in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $75.55.
Shares of NYSE VFC traded down $1.18 during midday trading on Friday, reaching $76.31. The stock had a trading volume of 2,344,010 shares, compared to its average volume of 2,408,365. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.60 and a quick ratio of 0.98. The stock has a market cap of $30,739.54, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.19 and a beta of 0.93. VF Co. has a 12-month low of $51.22 and a 12-month high of $84.38.
VF (NYSE:VFC) last announced its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01). The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.67 billion. VF had a return on equity of 31.49% and a net margin of 5.08%. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. research analysts expect that VF Co. will post 3.45 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 9th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $1.84 annualized dividend and a yield of 2.41%. VF’s payout ratio is 61.74%.
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V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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