TD Asset Management Inc. raised its position in VF Corp (NYSE:VFC) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 719,867 shares of the textile maker’s stock after acquiring an additional 25,207 shares during the period. TD Asset Management Inc.’s holdings in VF were worth $67,272,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Riverhead Capital Management LLC boosted its stake in VF by 6.4% in the second quarter. Riverhead Capital Management LLC now owns 9,591 shares of the textile maker’s stock valued at $782,000 after acquiring an additional 577 shares in the last quarter. KCM Investment Advisors LLC lifted its stake in shares of VF by 16.9% during the second quarter. KCM Investment Advisors LLC now owns 4,030 shares of the textile maker’s stock worth $328,000 after buying an additional 582 shares during the period. Tyers Asset Management LLC lifted its stake in shares of VF by 7.9% during the second quarter. Tyers Asset Management LLC now owns 8,382 shares of the textile maker’s stock worth $683,000 after buying an additional 616 shares during the period. Wallington Asset Management LLC lifted its stake in shares of VF by 0.4% during the third quarter. Wallington Asset Management LLC now owns 158,645 shares of the textile maker’s stock worth $14,825,000 after buying an additional 640 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of VF by 6.3% during the second quarter. Rockefeller Capital Management L.P. now owns 11,476 shares of the textile maker’s stock worth $936,000 after buying an additional 678 shares during the period.
VFC has been the subject of several research reports. Royal Bank of Canada reiterated a “buy” rating and set a $105.00 price objective on shares of VF in a research note on Thursday, July 26th. Bank of America raised shares of VF from an “underperform” rating to a “buy” rating and set a $96.00 target price for the company in a report on Friday, July 13th. Buckingham Research reduced their target price on shares of VF from $89.00 to $86.00 and set a “neutral” rating for the company in a report on Wednesday, October 17th. JPMorgan Chase & Co. raised shares of VF from a “neutral” rating to an “overweight” rating and set a $78.00 target price for the company in a report on Monday, July 16th. Finally, Credit Suisse Group raised their target price on shares of VF from $85.00 to $100.00 and gave the stock an “outperform” 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. The stock currently has an average rating of “Buy” and a consensus price target of $95.17.
VFC opened at $85.46 on Wednesday. VF Corp has a fifty-two week low of $68.35 and a fifty-two week high of $97.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 0.90. The firm has a market capitalization of $33.88 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.05 and a beta of 1.01.
VF (NYSE:VFC) last released its quarterly earnings data on Friday, October 19th. The textile maker reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. VF had a net margin of 6.20% and a return on equity of 37.08%. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts anticipate that VF Corp will post 3.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 10th will be issued a $0.51 dividend. This is a boost from VF’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.39%. VF’s payout ratio is presently 61.74%.
In other news, VP Kevin Bailey sold 4,400 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $91.95, for a total transaction of $404,580.00. Following the completion of the sale, the vice president now owns 28,861 shares of the company’s stock, valued at $2,653,768.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bryan H. Mcneill sold 25,232 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $92.45, for a total transaction of $2,332,698.40. Following the sale, the vice president now directly owns 5,122 shares of the company’s stock, valued at approximately $473,528.90. The disclosure for this sale can be found here. Insiders sold 128,533 shares of company stock valued at $11,932,040 in the last ninety days. 1.72% of the stock is owned by corporate insiders.
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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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