King Luther Capital Management Corp grew its position in VF Corp (NYSE:VFC) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,069,188 shares of the textile maker’s stock after purchasing an additional 157,637 shares during the quarter. VF makes up about 1.5% of King Luther Capital Management Corp’s portfolio, making the stock its 17th largest position. King Luther Capital Management Corp owned 0.52% of VF worth $193,366,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Fort L.P. bought a new stake in shares of VF in the 2nd quarter valued at $119,000. Centaurus Financial Inc. bought a new stake in shares of VF in the 2nd quarter valued at $119,000. NEXT Financial Group Inc bought a new stake in shares of VF in the 3rd quarter valued at $169,000. Point72 Hong Kong Ltd bought a new position in VF during the second quarter worth $152,000. Finally, Massey Quick Simon & CO. LLC bought a new position in VF during the second quarter worth $165,000. 83.61% of the stock is currently owned by institutional investors.
VFC has been the topic of several research analyst reports. Canaccord Genuity reissued a “buy” rating and set a $108.00 target price on shares of VF in a research note on Monday, August 13th. Guggenheim reissued a “buy” rating and set a $105.00 target price on shares of VF in a research note on Monday, August 13th. Bank of America set a $105.00 target price on shares of VF and gave the stock a “buy” rating in a research note on Thursday, September 13th. Cowen raised shares of 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 research note on Friday, September 14th. Finally, Pivotal Research set a $90.00 target price on shares of VF and gave the stock a “hold” rating in a research note on Monday, October 15th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. VF currently has a consensus rating of “Buy” and an average target price of $95.17.
VF stock opened at $80.34 on Wednesday. VF Corp has a 1-year low of $70.34 and a 1-year high of $97.00. The firm has a market capitalization of $32.26 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. 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 (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 firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the firm earned $1.23 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities research analysts predict that VF Corp will post 3.72 EPS for the current 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 paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.54%. This is a positive change from VF’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 7th. VF’s dividend payout ratio (DPR) is 61.74%.
In other VF news, Director Richard Carucci acquired 5,000 shares of the company’s stock in a transaction on Wednesday, October 24th. The shares were purchased at an average cost of $78.65 per share, with a total value of $393,250.00. Following the completion of the purchase, the director now owns 48,190 shares of the company’s stock, valued at $3,790,143.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.72% of the stock is currently owned by company 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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