M Holdings Securities Inc. Buys Shares of 2,979 VF Co. (VFC)

M Holdings Securities Inc. acquired a new position in shares of VF Co. (NYSE:VFC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,979 shares of the textile maker’s stock, valued at approximately $300,000.

Several other institutional investors have also modified their holdings of the business. Investec Asset Management LTD acquired a new position in VF in the 4th quarter worth $101,867,000. Congress Asset Management Co. MA boosted its stake in shares of VF by 379.0% during the 4th quarter. Congress Asset Management Co. MA now owns 763,659 shares of the textile maker’s stock worth $56,511,000 after buying an additional 604,228 shares during the last quarter. Boston Advisors LLC raised its holdings in VF by 730.7% in the 4th quarter. Boston Advisors LLC now owns 474,814 shares of the textile maker’s stock valued at $35,136,000 after acquiring an additional 417,655 shares during the period. Smith Asset Management Group LP bought a new position in VF in the 4th quarter valued at about $27,544,000. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in VF by 88.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 748,905 shares of the textile maker’s stock valued at $55,419,000 after acquiring an additional 350,834 shares during the period. Institutional investors own 85.48% of the company’s stock.

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Several research analysts have recently commented on the stock. Susquehanna Bancshares reissued a “buy” rating and issued a $95.00 price objective on shares of VF in a research note on Monday, January 29th. Pivotal Research set a $95.00 target price on shares of VF and gave the company a “buy” rating in a research report on Wednesday, February 14th. Canaccord Genuity restated a “buy” rating and issued a $90.00 target price (up previously from $81.00) on shares of VF in a research report on Monday, January 29th. Barclays began coverage on shares of VF in a report on Friday, February 2nd. They set an “overweight” rating and a $96.00 price target on the stock. Finally, Piper Jaffray upgraded shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 price target on the stock in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. VF has an average rating of “Hold” and a consensus price target of $75.55.

VF stock traded down $1.18 during midday trading on Friday, reaching $76.31. 2,344,010 shares of the stock were exchanged, compared to its average volume of 2,408,365. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $30,271.41, a PE ratio of 25.61, a price-to-earnings-growth ratio of 2.16 and a beta of 0.93. VF Co. has a 52 week low of $51.22 and a 52 week high of $84.38.

VF (NYSE:VFC) last posted its earnings results on Friday, February 16th. The textile maker reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01). The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. VF had a return on equity of 31.49% and a net margin of 5.08%. The business’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. research analysts forecast that VF Co. will post 3.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, March 8th. VF’s payout ratio is 61.74%.

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About VF

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.

Institutional Ownership by Quarter for VF (NYSE:VFC)

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