Davis R M Inc. lessened its stake in VF Corp (NYSE:VFC) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,769 shares of the textile maker’s stock after selling 7,321 shares during the quarter. Davis R M Inc.’s holdings in VF were worth $4,621,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of VFC. FMR LLC raised its holdings in VF by 58.2% in the 3rd quarter. FMR LLC now owns 5,482,244 shares of the textile maker’s stock worth $512,315,000 after purchasing an additional 2,016,128 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in VF by 134,251.9% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,543,703 shares of the textile maker’s stock worth $144,259,000 after purchasing an additional 1,542,554 shares during the period. Janus Henderson Group PLC raised its holdings in VF by 19.6% in the 3rd quarter. Janus Henderson Group PLC now owns 4,162,565 shares of the textile maker’s stock worth $388,991,000 after purchasing an additional 683,219 shares during the period. JPMorgan Chase & Co. raised its holdings in VF by 34.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,492,449 shares of the textile maker’s stock worth $232,921,000 after purchasing an additional 633,850 shares during the period. Finally, Vanguard Group Inc. raised its holdings in VF by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 26,944,256 shares of the textile maker’s stock worth $2,517,940,000 after purchasing an additional 538,916 shares during the period.
VFC stock opened at $82.34 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $28.54 billion, a PE ratio of 27.63, a P/E/G ratio of 1.75 and a beta of 1.01. VF Corp has a 1 year low of $67.18 and a 1 year high of $97.00.
VF (NYSE:VFC) last posted its quarterly earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.87 billion. VF had a return on equity of 37.08% and a net margin of 6.20%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 earnings per share. Equities research analysts predict that VF Corp will post 3.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 8th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.48%. VF’s dividend payout ratio (DPR) is presently 68.46%.
A number of equities analysts recently weighed in on VFC shares. Canaccord Genuity set a $108.00 price target on VF and gave the stock a “buy” rating in a report on Monday, October 22nd. Guggenheim reaffirmed a “buy” rating and issued a $90.00 price target on shares of VF in a report on Friday. ValuEngine raised VF from a “hold” rating to a “buy” rating in a report on Saturday. Pivotal Research reissued a “hold” rating and set a $78.00 target price (down previously from $85.00) on shares of VF in a report on Wednesday. Finally, Deutsche Bank cut VF from a “buy” rating to a “hold” rating and reduced their target price for the company from $104.00 to $76.00 in a report on Friday, January 11th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $92.13.
In related news, Director Richard Carucci purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, October 24th. The stock was acquired at an average cost of $78.65 per share, for a total transaction of $393,250.00. Following the completion of the transaction, the director now directly owns 48,190 shares of the company’s stock, valued at $3,790,143.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.
Further Reading: Hedge Funds
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