Verity & Verity LLC grew its holdings in VF Corp (NYSE:VFC) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,467 shares of the textile maker’s stock after acquiring an additional 2,749 shares during the quarter. VF accounts for approximately 2.0% of Verity & Verity LLC’s investment portfolio, making the stock its 13th biggest position. Verity & Verity LLC’s holdings in VF were worth $8,905,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in VFC. Oregon Public Employees Retirement Fund boosted its position in shares of VF by 5,538.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,592,716 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 7,458,056 shares during the period. Bank of America Corp DE boosted its position in shares of VF by 182.3% in the fourth quarter. Bank of America Corp DE now owns 5,308,262 shares of the textile maker’s stock valued at $378,691,000 after acquiring an additional 3,427,860 shares during the period. Norges Bank bought a new stake in shares of VF in the fourth quarter valued at about $236,808,000. FMR LLC boosted its position in shares of VF by 12.5% in the fourth quarter. FMR LLC now owns 6,169,339 shares of the textile maker’s stock valued at $440,121,000 after acquiring an additional 687,095 shares during the period. Finally, American Century Companies Inc. lifted its position in VF by 121.4% during the fourth quarter. American Century Companies Inc. now owns 1,161,622 shares of the textile maker’s stock worth $82,870,000 after purchasing an additional 637,022 shares during the period.
In other VF news, VP Scott H. Baxter sold 51,911 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $84.25, for a total transaction of $4,373,501.75. Following the completion of the transaction, the vice president now owns 201,972 shares of the company’s stock, valued at $17,016,141. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.72% of the stock is currently owned by insiders.
NYSE VFC traded down $1.77 during trading on Wednesday, hitting $90.33. 4,768,970 shares of the company’s stock were exchanged, compared to its average volume of 2,063,044. The company has a current ratio of 1.80, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The company has a market cap of $35.92 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.88 and a beta of 1.15. VF Corp has a fifty-two week low of $67.18 and a fifty-two week high of $97.00.
VF (NYSE:VFC) last issued its earnings results on Wednesday, May 22nd. The textile maker reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.20 billion. VF had a return on equity of 38.84% and a net margin of 10.11%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. On average, sell-side analysts predict that VF Corp will post 3.75 earnings per share for the current year.
Several equities research analysts recently weighed in on VFC shares. Goldman Sachs Group started coverage on shares of VF in a research report on Friday, May 17th. They set a “buy” rating and a $97.00 price objective for the company. Citigroup reaffirmed a “neutral” rating and set a $85.00 price objective (down previously from $90.00) on shares of VF in a research report on Monday, March 18th. UBS Group upped their price objective on shares of VF from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Wedbush upped their price objective on shares of VF from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Cowen upped their price objective on shares of VF from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $92.95.
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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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