Bbva Compass Bancshares Inc. reduced its position in VF Corp (NYSE:VFC) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 76,339 shares of the textile maker’s stock after selling 3,112 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in VF were worth $7,133,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in VFC. Fort L.P. bought a new position in VF in the 2nd quarter valued at about $119,000. Centaurus Financial Inc. bought a new position in VF in the 2nd quarter valued at about $119,000. Parallel Advisors LLC increased its holdings 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 period. Point72 Hong Kong Ltd bought a new stake in shares of VF during the 2nd quarter valued at approximately $152,000. Finally, Massey Quick Simon & CO. LLC bought a new stake in shares of VF during the 2nd quarter valued at approximately $165,000.
NYSE:VFC opened at $85.39 on Monday. 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 one year low of $68.35 and a one year high of $97.00. The company has a market cap of $33.88 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.01.
VF (NYSE:VFC) last posted its earnings results on Friday, October 19th. The textile maker reported $1.43 EPS for the quarter, topping the 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 business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same period last year, the company earned $1.23 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, 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. Investors of record on Monday, December 10th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, December 7th. This is an increase from VF’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.39%. VF’s dividend payout ratio (DPR) is currently 61.74%.
In related news, VP Kevin Bailey sold 4,400 shares of VF stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $91.95, for a total transaction of $404,580.00. Following the sale, the vice president now directly owns 28,861 shares in the company, valued at approximately $2,653,768.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard Carucci bought 5,000 shares of the business’s 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 completion of the transaction, the director now owns 48,190 shares in the company, valued at $3,790,143.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 128,533 shares of company stock worth $11,932,040. 1.72% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on VFC. Canaccord Genuity reaffirmed a “buy” rating and set a $108.00 price target on shares of VF in a report on Monday, August 13th. Telsey Advisory Group lifted their price target on shares of VF from $86.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, July 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $105.00 price target on shares of VF in a report on Thursday, July 26th. Cowen reaffirmed a “hold” rating and set a $94.00 price target on shares of VF in a report on Friday, July 20th. Finally, Bank of America raised shares of VF from an “underperform” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Friday, July 13th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. VF has a consensus rating of “Buy” and a consensus target price of $95.17.
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.
See Also: Earnings Per Share (EPS)
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