E Fund Management Co. Ltd. Takes Position in V.F. Co. (NYSE:VFC)

E Fund Management Co. Ltd. bought a new stake in shares of V.F. Co. (NYSE:VFC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 564 shares of the textile maker’s stock, valued at approximately $45,000.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of V.F. by 2.6% during the first quarter. BlackRock Inc. now owns 22,785,972 shares of the textile maker’s stock valued at $1,821,055,000 after purchasing an additional 573,399 shares during the last quarter. Northern Trust Corp grew its holdings in shares of V.F. by 213.3% during the fourth quarter. Northern Trust Corp now owns 17,002,485 shares of the textile maker’s stock valued at $1,452,183,000 after purchasing an additional 11,575,693 shares during the last quarter. Parnassus Investments CA grew its holdings in shares of V.F. by 0.6% during the first quarter. Parnassus Investments CA now owns 10,047,797 shares of the textile maker’s stock valued at $803,020,000 after purchasing an additional 56,875 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of V.F. by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,830,572 shares of the textile maker’s stock valued at $754,215,000 after purchasing an additional 187,689 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of V.F. by 37.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,584,584 shares of the textile maker’s stock valued at $647,799,000 after purchasing an additional 2,077,099 shares during the last quarter. 82.73% of the stock is owned by institutional investors.

VFC opened at $78.55 on Friday. V.F. Co. has a 1-year low of $56.70 and a 1-year high of $90.79. The business has a 50 day moving average price of $83.85. The firm has a market capitalization of $30.80 billion, a P/E ratio of 75.53, a price-to-earnings-growth ratio of 2.29 and a beta of 1.41. The company has a debt-to-equity ratio of 1.87, a current ratio of 2.17 and a quick ratio of 1.68.

V.F. (NYSE:VFC) last announced its quarterly earnings data on Thursday, May 20th. The textile maker reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). V.F. had a net margin of 4.41% and a return on equity of 16.85%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company posted $0.10 EPS. V.F.’s revenue was up 22.8% on a year-over-year basis. As a group, research analysts predict that V.F. Co. will post 3.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 21st. Stockholders of record on Thursday, June 10th will be given a dividend of $0.49 per share. The ex-dividend date is Wednesday, June 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.50%. V.F.’s dividend payout ratio (DPR) is presently 149.62%.

In other news, Director Clarence Otis, Jr. sold 13,449 shares of the stock in a transaction on Wednesday, June 2nd. The stock was sold at an average price of $79.56, for a total transaction of $1,070,002.44. 0.80% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on VFC. Pivotal Research upped their target price on V.F. from $94.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on V.F. from $101.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, May 24th. Royal Bank of Canada reduced their price objective on V.F. from $102.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, May 24th. Finally, JPMorgan Chase & Co. boosted their price objective on V.F. from $104.00 to $106.00 and gave the stock an “overweight” rating in a research report on Monday, May 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $92.33.

V.F. 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, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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