Belpointe Asset Management LLC boosted its position in VF Co. (NYSE:VFC) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,460 shares of the textile maker’s stock after purchasing an additional 635 shares during the quarter. Belpointe Asset Management LLC’s holdings in VF were worth $552,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. New York State Common Retirement Fund increased its stake in VF by 2.4% during the 3rd quarter. New York State Common Retirement Fund now owns 934,700 shares of the textile maker’s stock valued at $59,419,000 after buying an additional 22,300 shares during the period. Oak Ridge Investments LLC increased its stake 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 buying an additional 37,613 shares during the period. Pacer Advisors Inc. increased its stake in VF by 7.6% during the 3rd quarter. Pacer Advisors Inc. now owns 18,716 shares of the textile maker’s stock valued at $1,190,000 after buying an additional 1,328 shares during the period. Haverford Trust Co. increased its stake in VF by 25.4% during the 3rd quarter. Haverford Trust Co. now owns 6,413 shares of the textile maker’s stock valued at $408,000 after buying an additional 1,300 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its stake 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 buying an additional 57,581 shares during the period. Hedge funds and other institutional investors own 85.48% of the company’s stock.
Shares of VF stock traded down $1.18 during trading on Friday, hitting $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 market cap of $30,271.41, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.60 and a quick ratio of 0.98. VF Co. has a 1 year low of $51.22 and a 1 year high of $84.38.
VF (NYSE:VFC) last released its earnings results on Friday, February 16th. The textile maker reported $1.01 earnings per share for the quarter, missing the 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 was up 20.1% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share. analysts expect that VF Co. will post 3.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, March 8th. VF’s dividend payout ratio (DPR) is currently 61.74%.
Several equities analysts have commented on the stock. TheStreet cut shares of VF from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. Canaccord Genuity set a $90.00 price objective on shares of VF and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Cowen set a $79.00 price objective on shares of VF and gave the stock a “hold” rating in a research note on Monday, February 5th. Barclays started coverage on shares of VF in a research note on Friday, February 2nd. They issued an “overweight” rating and a $96.00 price objective on the stock. Finally, Susquehanna Bancshares reaffirmed a “buy” rating and issued a $95.00 price objective on shares of VF in a research note on Monday, January 29th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. VF currently has an average rating of “Hold” and a consensus target price of $75.55.
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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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