Andra AP fonden trimmed its position in VF Corp (NYSE:VFC) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,200 shares of the textile maker’s stock after selling 4,200 shares during the quarter. Andra AP fonden’s holdings in VF were worth $6,560,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of VF by 9.6% during the 2nd quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock worth $2,019,258,000 after purchasing an additional 2,179,165 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of VF during the 2nd quarter worth $152,000. XR Securities LLC acquired a new stake in shares of VF during the 3rd quarter worth $308,000. Tyers Asset Management LLC grew its holdings in shares of VF by 7.9% during the 2nd quarter. Tyers Asset Management LLC now owns 8,382 shares of the textile maker’s stock worth $683,000 after purchasing an additional 616 shares in the last quarter. Finally, Federated Investors Inc. PA grew its holdings in shares of VF by 1,270.2% during the 2nd quarter. Federated Investors Inc. PA now owns 113,415 shares of the textile maker’s stock worth $9,246,000 after purchasing an additional 105,138 shares in the last quarter.
Shares of VFC stock opened at $77.76 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. VF Corp has a twelve month low of $65.73 and a twelve month high of $97.00. The firm has a market cap of $34.53 billion, a P/E ratio of 26.09, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.
VF (NYSE:VFC) last announced its quarterly earnings data on Friday, October 19th. The textile maker reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. VF had a return on equity of 35.37% and a net margin of 5.46%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the prior year, the company earned $1.23 EPS. VF’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, research analysts expect that VF Corp will post 3.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 10th will be given a dividend of $0.51 per share. This is an increase from VF’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.62%. VF’s dividend payout ratio is currently 61.74%.
Several analysts have recently issued reports on the company. Buckingham Research reduced their target price on VF from $89.00 to $86.00 and set a “neutral” rating on the stock in a report on Wednesday. Wedbush assumed coverage on VF in a report on Monday, October 15th. They set a “neutral” rating and a $94.00 target price on the stock. They noted that the move was a valuation call. Pivotal Research set a $90.00 target price on VF and gave the stock a “hold” rating in a report on Monday, October 15th. Cowen raised VF from a “market perform” rating to a “buy” rating and increased their target price for the stock from $96.00 to $106.00 in a report on Friday, September 14th. Finally, Bank of America set a $105.00 target price on VF and gave the stock a “buy” rating in a report on Thursday, September 13th. Nine equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $95.00.
In other VF news, VP Kevin Bailey sold 4,400 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $91.95, for a total value of $404,580.00. Following the completion of the transaction, the vice president now directly owns 28,861 shares in the company, valued at $2,653,768.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bryan H. Mcneill sold 25,232 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $92.45, for a total value of $2,332,698.40. Following the completion of the transaction, the vice president now owns 5,122 shares of the company’s stock, valued at $473,528.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,533 shares of company stock valued at $11,932,040. 1.72% of the stock is owned by corporate insiders.
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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