Private Capital Group LLC lifted its position in VF Corp (NYSE:VFC) by 5,303.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,459 shares of the textile maker’s stock after buying an additional 1,432 shares during the quarter. Private Capital Group LLC’s holdings in VF were worth $108,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of VFC. Sei Investments Co. raised its holdings in shares of VF by 41.3% in the 4th quarter. Sei Investments Co. now owns 70,352 shares of the textile maker’s stock valued at $5,206,000 after buying an additional 20,570 shares during the period. Standard Life Aberdeen plc increased its holdings in VF by 1.1% during the 4th quarter. Standard Life Aberdeen plc now owns 88,521 shares of the textile maker’s stock worth $6,551,000 after purchasing an additional 936 shares during the period. Quadrature Capital Ltd purchased a new stake in VF during the 4th quarter worth about $3,239,000. Bank of Hawaii increased its holdings in VF by 9.4% during the 4th quarter. Bank of Hawaii now owns 16,360 shares of the textile maker’s stock worth $1,211,000 after purchasing an additional 1,411 shares during the period. Finally, Financial Counselors Inc. increased its holdings in VF by 11.3% during the 4th quarter. Financial Counselors Inc. now owns 51,871 shares of the textile maker’s stock worth $3,838,000 after purchasing an additional 5,276 shares during the period.
Several brokerages have weighed in on VFC. Buckingham Research upped their price target on VF to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, May 8th. Canaccord Genuity set a $90.00 price target on VF and gave the stock a “buy” rating in a report on Wednesday, March 14th. Pivotal Research restated a “hold” rating and set a $82.00 price target on shares of VF in a report on Monday, May 7th. TheStreet upgraded VF from a “c+” rating to a “b+” rating in a report on Friday, May 4th. Finally, Argus began coverage on VF in a report on Monday, May 21st. They set a “buy” rating and a $101.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $80.52.
VF opened at $81.58 on Monday, MarketBeat Ratings reports. The stock has a market cap of $32.90 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.36 and a beta of 0.90. VF Corp has a 1 year low of $55.45 and a 1 year high of $85.15. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 0.60.
VF (NYSE:VFC) last released its quarterly earnings data on Friday, May 4th. The textile maker reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.91 billion. VF had a return on equity of 34.05% and a net margin of 5.24%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. research analysts forecast that VF Corp will post 3.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Stockholders of record on Friday, June 8th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, June 7th. This represents a $1.84 annualized dividend and a dividend yield of 2.26%. VF’s dividend payout ratio is currently 61.74%.
In related news, VP Kevin Bailey sold 15,000 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $77.42, for a total value of $1,161,300.00. Following the completion of the sale, the vice president now directly owns 54,571 shares of the company’s stock, valued at approximately $4,224,886.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Guerrini Martino Scabbia sold 20,096 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $84.10, for a total value of $1,690,073.60. Following the completion of the sale, the vice president now directly owns 127,485 shares of the company’s stock, valued at $10,721,488.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 220,900 shares of company stock valued at $17,948,688. Insiders own 1.72% of the company’s stock.
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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