First Republic Investment Management Inc. cut its stake in VF Corp (NYSE:VFC) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,539 shares of the textile maker’s stock after selling 38,008 shares during the quarter. First Republic Investment Management Inc. owned about 0.08% of VF worth $24,016,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new stake in VF in the second quarter worth $9,602,000. Whittier Trust Co. increased its stake in VF by 2.8% in the third quarter. Whittier Trust Co. now owns 64,863 shares of the textile maker’s stock worth $4,123,000 after purchasing an additional 1,794 shares during the period. Trust Co. of Vermont increased its stake in VF by 8.0% in the third quarter. Trust Co. of Vermont now owns 10,030 shares of the textile maker’s stock worth $637,000 after purchasing an additional 746 shares during the period. Leavell Investment Management Inc. increased its stake in VF by 14.9% in the third quarter. Leavell Investment Management Inc. now owns 11,756 shares of the textile maker’s stock worth $747,000 after purchasing an additional 1,525 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in VF by 196.8% in the third quarter. Canada Pension Plan Investment Board now owns 118,090 shares of the textile maker’s stock worth $7,507,000 after purchasing an additional 78,297 shares during the period. Institutional investors own 85.22% of the company’s stock.
A number of research firms have weighed in on VFC. TheStreet lowered VF from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $78.00 price target (down previously from $82.00) on shares of VF in a research note on Tuesday. Barclays restated a “buy” rating and set a $89.00 price target (down previously from $96.00) on shares of VF in a research note on Tuesday. DA Davidson set a $78.00 price target on VF and gave the company a “hold” rating in a research note on Tuesday. Finally, Piper Jaffray Companies set a $89.00 price target on VF and gave the company a “buy” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. VF has an average rating of “Hold” and a consensus price target of $75.10.
Shares of VF Corp (VFC) opened at $75.21 on Friday. VF Corp has a 12-month low of $51.22 and a 12-month high of $84.38. The firm has a market capitalization of $29,720.00, a PE ratio of 41.55, a P/E/G ratio of 2.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60.
VF (NYSE:VFC) last issued its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). VF had a net margin of 5.08% and a return on equity of 31.49%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the business earned $0.97 EPS. VF’s revenue for the quarter was up 20.1% compared to the same quarter last year. equities analysts expect that VF Corp will post 3.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, March 8th. VF’s payout ratio is currently 101.66%.
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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