Wheatland Advisors Inc. bought a new position in VF Corp (NYSE:VFC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,400 shares of the textile maker’s stock, valued at approximately $209,000.
Several other institutional investors have also recently added to or reduced their stakes in VFC. UNIVEST FINANCIAL Corp grew its stake in VF by 6.0% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 25,678 shares of the textile maker’s stock worth $1,832,000 after buying an additional 1,459 shares during the last quarter. Creative Planning lifted its holdings in shares of VF by 2.2% during the fourth quarter. Creative Planning now owns 96,450 shares of the textile maker’s stock valued at $6,881,000 after purchasing an additional 2,034 shares during the last quarter. Physicians Financial Services Inc. purchased a new stake in shares of VF during the first quarter valued at $230,000. Intact Investment Management Inc. purchased a new stake in shares of VF during the fourth quarter valued at $1,013,000. Finally, Gradient Investments LLC lifted its holdings in shares of VF by 2,535.0% during the fourth quarter. Gradient Investments LLC now owns 112,015 shares of the textile maker’s stock valued at $7,991,000 after purchasing an additional 107,764 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.
Shares of VF stock traded down $0.05 during midday trading on Friday, hitting $84.04. 2,645,200 shares of the company were exchanged, compared to its average volume of 2,079,857. VF Corp has a 52 week low of $67.18 and a 52 week high of $97.00. The company has a market capitalization of $36.44 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.07.
VF (NYSE:VFC) last released its earnings results on Wednesday, May 22nd. The textile maker reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.20 billion. VF had a return on equity of 38.84% and a net margin of 10.11%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. Equities analysts anticipate that VF Corp will post 3.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from VF’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, June 7th. VF’s payout ratio is 68.46%.
VFC has been the subject of several analyst reports. Cowen upped their target price on VF from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, February 19th. Citigroup reissued a “neutral” rating and issued a $85.00 price objective (down from $90.00) on shares of VF in a research note on Monday, March 18th. Wedbush increased their price objective on VF from $90.00 to $98.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. UBS Group increased their price objective on VF from $84.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Finally, Goldman Sachs Group started coverage on VF in a research note on Friday, May 17th. They issued a “buy” rating and a $97.00 price objective for the company. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $93.70.
In other VF news, VP Scott H. Baxter sold 51,911 shares of the business’s stock in a transaction that occurred on 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 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 document filed with the SEC, which is available through this link. 1.72% of the stock is owned by insiders.
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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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