Keybank National Association OH increased its holdings in shares of VF Corp (NYSE:VFC) by 7.3% in the third quarter, Holdings Channel reports. The firm owned 161,374 shares of the textile maker’s stock after acquiring an additional 11,027 shares during the period. Keybank National Association OH’s holdings in VF were worth $14,361,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kornitzer Capital Management Inc. KS boosted its stake in shares of VF by 0.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 162,260 shares of the textile maker’s stock valued at $14,440,000 after buying an additional 1,099 shares during the last quarter. Bartlett & Co. LLC boosted its stake in shares of VF by 4.4% during the 3rd quarter. Bartlett & Co. LLC now owns 277,577 shares of the textile maker’s stock valued at $24,702,000 after buying an additional 11,636 shares during the last quarter. Fulcrum Capital LLC boosted its stake in shares of VF by 3.1% during the 3rd quarter. Fulcrum Capital LLC now owns 64,827 shares of the textile maker’s stock valued at $5,769,000 after buying an additional 1,943 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of VF by 7.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 3,275 shares of the textile maker’s stock valued at $291,000 after buying an additional 240 shares during the last quarter. Finally, Hedeker Wealth LLC boosted its stake in shares of VF by 1.7% during the 3rd quarter. Hedeker Wealth LLC now owns 37,439 shares of the textile maker’s stock valued at $3,331,000 after buying an additional 627 shares during the last quarter.
VFC traded up $0.49 during trading hours on Friday, hitting $86.90. 1,259,681 shares of the stock were exchanged, compared to its average volume of 2,279,535. The stock has a 50-day simple moving average of $87.80 and a 200-day simple moving average of $87.11. VF Corp has a 12 month low of $67.18 and a 12 month high of $96.20. The stock has a market cap of $34.51 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.99 and a quick ratio of 1.20.
VF (NYSE:VFC) last announced its quarterly earnings data on Friday, October 25th. The textile maker reported $1.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.04). VF had a return on equity of 32.04% and a net margin of 10.07%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts expect that VF Corp will post 3.36 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 10th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. This is a boost from VF’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, December 9th. VF’s dividend payout ratio (DPR) is presently 45.50%.
Several equities analysts have recently commented on VFC shares. Guggenheim reiterated a “buy” rating and set a $105.00 target price on shares of VF in a research note on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and set a $106.00 target price (up from $104.00) on shares of VF in a research note on Thursday, July 25th. Pivotal Research reduced their target price on VF from $93.00 to $90.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Susquehanna Bancshares increased their target price on VF from $105.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, UBS Group increased their target price on VF from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. VF presently has a consensus rating of “Buy” and a consensus target price of $97.71.
In other VF news, VP Kevin Bailey sold 21,314 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $83.14, for a total value of $1,772,045.96. Following the sale, the vice president now directly owns 71,241 shares in the company, valued at $5,922,976.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Guerrini Martino Scabbia sold 17,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $90.21, for a total value of $1,533,570.00. Following the completion of the sale, the vice president now owns 140,616 shares in the company, valued at $12,684,969.36. The disclosure for this sale can be found here. Insiders sold 85,021 shares of company stock worth $7,194,376 over the last quarter. 0.74% of the stock is currently owned by company insiders.
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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