McKinley Carter Wealth Services Inc. trimmed its position in VF Corp (NYSE:VFC) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,060 shares of the textile maker’s stock after selling 447 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in VF were worth $1,053,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in VF by 2.2% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,771 shares of the textile maker’s stock valued at $504,000 after buying an additional 125 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in VF by 31.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 547 shares of the textile maker’s stock worth $47,000 after acquiring an additional 131 shares in the last quarter. Camelot Portfolios LLC lifted its position in VF by 4.9% during the 2nd quarter. Camelot Portfolios LLC now owns 2,815 shares of the textile maker’s stock worth $246,000 after acquiring an additional 132 shares in the last quarter. Bell Rock Capital LLC lifted its position in VF by 19.9% during the 2nd quarter. Bell Rock Capital LLC now owns 833 shares of the textile maker’s stock worth $74,000 after acquiring an additional 138 shares in the last quarter. Finally, Covenant Multifamily Offices LLC lifted its position in VF by 2.6% during the 1st quarter. Covenant Multifamily Offices LLC now owns 5,805 shares of the textile maker’s stock worth $505,000 after acquiring an additional 145 shares in the last quarter.
VFC stock traded up $1.30 during trading on Friday, reaching $78.78. 1,262,000 shares of the company’s stock were exchanged, compared to its average volume of 1,928,472. The company has a quick ratio of 1.20, a current ratio of 2.05 and a debt-to-equity ratio of 0.76. VF Corp has a 1-year low of $67.18 and a 1-year high of $96.20. The company’s fifty day moving average price is $85.89 and its 200-day moving average price is $87.39. The firm has a market cap of $30.85 billion, a PE ratio of 20.84, a P/E/G ratio of 2.17 and a beta of 1.15.
VF (NYSE:VFC) last announced its quarterly earnings results on Wednesday, July 24th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. VF had a return on equity of 34.52% and a net margin of 8.62%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that VF Corp will post 3.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $1.72 annualized dividend and a dividend yield of 2.18%. VF’s dividend payout ratio (DPR) is 53.97%.
Several equities research analysts have issued reports on the company. Telsey Advisory Group restated an “outperform” rating and set a $106.00 price objective (up from $104.00) on shares of VF in a report on Thursday, July 25th. Cowen upped their price objective on VF from $90.00 to $100.00 and gave the stock a “positive” rating in a research note on Thursday, June 27th. Canaccord Genuity set a $105.00 price objective on VF and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Goldman Sachs Group initiated coverage on VF in a research note on Friday, May 17th. They set a “buy” rating and a $97.00 price objective for the company. Finally, Guggenheim restated a “buy” rating and set a $95.00 price objective (up from $90.00) on shares of VF in a research note on Thursday, May 23rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $93.69.
In other news, CFO Scott A. Roe sold 10,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $88.39, for a total value of $883,900.00. Following the completion of the sale, the chief financial officer now owns 98,198 shares in the company, valued at $8,679,721.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.74% of the company’s stock.
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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