Westwood Holdings Group Inc. decreased its holdings in shares of VF Co. (NYSE:VFC) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,388,087 shares of the textile maker’s stock after selling 67,056 shares during the quarter. Westwood Holdings Group Inc. owned 0.35% of VF worth $102,718,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of VFC. Cerebellum GP LLC acquired a new stake in shares of VF in the fourth quarter worth about $131,000. Carroll Financial Associates Inc. lifted its position in shares of 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 purchasing an additional 1,613 shares during the last quarter. IFG Advisory LLC acquired a new position in shares of VF during the 4th quarter worth about $774,000. Alps Advisors Inc. acquired a new position in shares of VF during the 4th quarter worth about $205,000. Finally, Mission Wealth Management LP acquired a new position in shares of VF during the 4th quarter worth about $207,000. Institutional investors and hedge funds own 85.48% of the company’s stock.
NYSE:VFC traded down $1.18 during mid-day 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 debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60. The company has a market capitalization of $30,739.54, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.19 and a beta of 0.93. VF Co. has a twelve month low of $51.22 and a twelve month high of $84.38.
VF (NYSE:VFC) last issued its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.01). The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.67 billion. VF had a return on equity of 31.49% and a net margin of 5.08%. The company’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. equities analysts forecast that VF Co. will post 3.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were given a $0.46 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.41%. VF’s payout ratio is 61.74%.
Several equities analysts recently issued reports on the company. Piper Jaffray upgraded VF from a “neutral” rating to an “overweight” rating and set a $56.00 price target on the stock in a research note on Monday, February 5th. Pivotal Research lowered VF from a “buy” rating to a “hold” rating and lowered their price objective for the company from $95.00 to $81.00 in a research note on Friday, February 16th. Barclays reiterated a “buy” rating and issued a $89.00 price objective (down from $96.00) on shares of VF in a research note on Tuesday, February 20th. Guggenheim restated a “buy” rating and set a $84.00 price target on shares of VF in a research report on Wednesday, January 10th. Finally, ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target 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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