MainStreet Investment Advisors LLC bought a new position in VF Co. (NYSE:VFC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,690 shares of the textile maker’s stock, valued at approximately $791,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of VF by 1.6% during the fourth quarter. BlackRock Inc. now owns 21,891,867 shares of the textile maker’s stock valued at $1,619,997,000 after purchasing an additional 335,056 shares during the last quarter. Victory Capital Management Inc. raised its holdings in VF by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 3,913,402 shares of the textile maker’s stock worth $289,592,000 after acquiring an additional 236,963 shares during the last quarter. Geode Capital Management LLC raised its holdings in VF by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 3,817,062 shares of the textile maker’s stock worth $281,921,000 after acquiring an additional 172,234 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in VF by 5.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,744,948 shares of the textile maker’s stock worth $129,127,000 after acquiring an additional 97,588 shares during the last quarter. Finally, King Luther Capital Management Corp raised its holdings in VF by 15.3% in the 4th quarter. King Luther Capital Management Corp now owns 1,394,210 shares of the textile maker’s stock worth $103,172,000 after acquiring an additional 184,973 shares during the last quarter. Institutional investors and hedge funds own 85.48% of the company’s stock.
VFC stock traded down $1.18 during mid-day trading on Friday, reaching $76.31. The company 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 company has a market capitalization of $30,271.41, a P/E ratio of 25.61, a P/E/G ratio of 2.16 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 issued 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 company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. VF’s revenue was up 20.1% on a year-over-year basis. research analysts expect that VF Co. will post 3.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.41%. VF’s dividend payout ratio is presently 61.74%.
A number of equities research analysts have commented on VFC shares. Piper Jaffray raised shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 target price for the company in a research report on Monday, February 5th. Pivotal Research downgraded shares of VF from a “buy” rating to a “hold” rating and cut their target price for the stock from $95.00 to $81.00 in a research report on Friday, February 16th. Barclays reaffirmed a “buy” rating and issued a $89.00 target price (down previously from $96.00) on shares of VF in a research report on Tuesday, February 20th. Guggenheim reissued a “buy” rating and set a $84.00 price objective on shares of VF in a research report on Wednesday, January 10th. Finally, ValuEngine raised shares of 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 given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $75.55.
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VF Company Profile
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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