Neumann Capital Management LLC Takes Position in VF Corp (VFC)

Neumann Capital Management LLC acquired a new position in shares of VF Corp (NYSE:VFC) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,720 shares of the textile maker’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its position 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 valued at $2,019,258,000 after purchasing an additional 2,179,165 shares during the last quarter. Northern Trust Corp increased its position in shares of VF by 1.9% during the 2nd quarter. Northern Trust Corp now owns 5,299,379 shares of the textile maker’s stock valued at $432,005,000 after purchasing an additional 97,826 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new position in shares of VF during the 2nd quarter valued at approximately $352,007,000. Janus Henderson Group PLC increased its position in shares of VF by 89.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,479,346 shares of the textile maker’s stock valued at $283,640,000 after purchasing an additional 1,644,062 shares during the last quarter. Finally, FMR LLC increased its position in shares of VF by 106.9% during the 2nd quarter. FMR LLC now owns 3,466,116 shares of the textile maker’s stock valued at $282,557,000 after purchasing an additional 1,790,625 shares during the last quarter.

Several research firms have recently weighed in on VFC. Canaccord Genuity set a $108.00 target price on VF and gave the company a “buy” rating in a research report on Monday, July 23rd. Citigroup boosted their target price on VF from $80.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, July 23rd. Telsey Advisory Group boosted their target price on VF from $86.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, July 23rd. Barclays boosted their target price on VF from $89.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, July 23rd. Finally, Wedbush began coverage on VF in a research 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. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $95.17.

Shares of VF stock opened at $85.95 on Friday. The firm has a market capitalization of $32.70 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.54. VF Corp has a 52 week low of $68.35 and a 52 week high of $97.00.

VF (NYSE:VFC) last announced its quarterly earnings data on Friday, October 19th. The textile maker reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.10. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. VF had a return on equity of 37.08% and a net margin of 6.20%. VF’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 EPS. On average, equities analysts expect that VF Corp will post 3.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 10th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, December 7th. This is an increase from VF’s previous quarterly dividend of $0.46. VF’s dividend payout ratio is 61.74%.

In other VF news, Director Richard Carucci acquired 5,000 shares of the business’s stock in a transaction on Wednesday, October 24th. The shares were bought at an average price of $78.65 per share, with a total value of $393,250.00. Following the transaction, the director now directly owns 48,190 shares of the company’s stock, valued at approximately $3,790,143.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott A. Roe sold 29,544 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $92.78, for a total value of $2,741,092.32. Following the completion of the transaction, the chief financial officer now directly owns 102,165 shares in the company, valued at approximately $9,478,868.70. The disclosure for this sale can be found here. Insiders sold a total of 128,533 shares of company stock worth $11,932,040 in the last ninety days. 1.72% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for VF (NYSE:VFC)

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