Cubist Systematic Strategies LLC Acquires 14,860 Shares of VF Corp (VFC)

Cubist Systematic Strategies LLC raised its holdings in VF Corp (NYSE:VFC) by 349.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,109 shares of the textile maker’s stock after buying an additional 14,860 shares during the period. Cubist Systematic Strategies LLC’s holdings in VF were worth $1,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VFC. Private Capital Group LLC increased its stake in VF by 5,303.7% in the 1st quarter. Private Capital Group LLC now owns 1,459 shares of the textile maker’s stock valued at $108,000 after buying an additional 1,432 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in VF by 179.8% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 1,480 shares of the textile maker’s stock valued at $110,000 after buying an additional 951 shares during the last quarter. Fort L.P. acquired a new stake in VF in the 2nd quarter valued at $119,000. Parallel Advisors LLC increased its stake in VF by 154.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,814 shares of the textile maker’s stock valued at $147,000 after buying an additional 1,102 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in VF in the 2nd quarter valued at $152,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Several equities research analysts have issued reports on VFC shares. JPMorgan Chase & Co. upgraded shares of VF from a “neutral” rating to an “overweight” rating and set a $78.00 price target on the stock in a research note on Monday, July 16th. Stifel Nicolaus lifted their price target on shares of VF from $91.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Robert W. Baird reiterated an “outperform” rating and issued a $97.00 price target (up from $90.00) on shares of VF in a research note on Thursday, July 19th. Bank of America upgraded shares of VF from an “underperform” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Friday, July 13th. Finally, Deutsche Bank initiated coverage on shares of VF in a research note on Thursday, July 12th. They issued a “buy” rating and a $93.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $94.61.

VF stock opened at $91.17 on Monday. The stock has a market cap of $35.54 billion, a PE ratio of 30.59, a PEG ratio of 2.32 and a beta of 0.98. VF Corp has a fifty-two week low of $61.56 and a fifty-two week high of $97.00. The company has a current ratio of 1.45, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58.

VF (NYSE:VFC) last announced its earnings results on Friday, July 20th. The textile maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.32 by $0.11. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.68 billion. VF had a net margin of 5.46% and a return on equity of 35.37%. VF’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. research analysts expect that VF Corp will post 3.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Monday, September 10th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, September 7th. VF’s payout ratio is 61.74%.

In related news, VP Bryan H. Mcneill sold 25,232 shares of VF stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $92.45, for a total transaction of $2,332,698.40. Following the completion of the sale, the vice president now owns 5,122 shares of the company’s stock, valued at approximately $473,528.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura C. Meagher sold 69,357 shares of VF stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $93.05, for a total transaction of $6,453,668.85. Following the sale, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $3,384,135.45. The disclosure for this sale can be found here. Insiders have sold a total of 128,533 shares of company stock valued at $11,932,040 in the last ninety days. 1.72% of the stock is currently owned by insiders.

About VF

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor & Action Sports, Jeanswear, Imagewear and Others. The Outdoor & Action Sports segment refers to outdoor and activity-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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