Creative Financial Designs Inc. ADV lifted its holdings in shares of VF Corp (NYSE:VFC) by 39.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,015 shares of the textile maker’s stock after buying an additional 1,139 shares during the period. Creative Financial Designs Inc. ADV’s holdings in VF were worth $375,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Fort L.P. bought a new stake in shares of VF in the 2nd quarter valued at about $119,000. Centaurus Financial Inc. bought a new stake in shares of VF in the 2nd quarter valued at about $119,000. NEXT Financial Group Inc bought a new stake in shares of VF in the 3rd quarter valued at about $169,000. Parallel Advisors LLC raised its holdings in shares of 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 purchasing an additional 1,102 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of VF in the 2nd quarter valued at about $152,000.
Shares of NYSE:VFC opened at $85.39 on Monday. VF Corp has a 12-month low of $68.35 and a 12-month high of $97.00. The company has a market cap of $33.88 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.01. The company has a current ratio of 1.54, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51.
VF (NYSE:VFC) last announced its earnings results on Friday, October 19th. The textile maker reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.10. VF had a net margin of 6.20% and a return on equity of 37.08%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The business’s revenue was up 15.2% compared to the same quarter last year. Equities analysts expect that VF Corp will post 3.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 10th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Friday, December 7th. This is a positive change from VF’s previous quarterly dividend of $0.46. VF’s dividend payout ratio is presently 61.74%.
A number of equities research analysts have recently issued reports on VFC shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $92.00 target price on shares of VF in a report on Thursday, July 12th. Deutsche Bank started coverage on shares of VF in a report on Thursday, July 12th. They issued a “buy” rating and a $93.00 target price on the stock. Bank of America raised shares of VF from an “underperform” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Friday, July 13th. JPMorgan Chase & Co. raised shares of VF from a “neutral” rating to an “overweight” rating and set a $78.00 target price on the stock in a report on Monday, July 16th. Finally, Pivotal Research set a $86.00 target price on shares of VF and gave the company a “hold” rating in a report on Tuesday, July 17th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. VF has a consensus rating of “Buy” and an average price target of $95.17.
In other news, Director Richard Carucci purchased 5,000 shares of VF stock in a transaction that occurred on Wednesday, October 24th. The shares were acquired at an average price of $78.65 per share, for a total transaction of $393,250.00. Following the transaction, the director now owns 48,190 shares of the company’s stock, valued at approximately $3,790,143.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott A. Roe sold 29,544 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $92.78, for a total transaction of $2,741,092.32. Following the sale, the chief financial officer now owns 102,165 shares in the company, valued at approximately $9,478,868.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,533 shares of company stock worth $11,932,040. Company 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.
Further Reading: Bond
Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VF Corp (NYSE:VFC).
Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.