Dearborn Partners LLC lessened its stake in shares of VF Co. (NYSE:VFC) by 9.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 298,420 shares of the textile maker’s stock after selling 31,198 shares during the period. VF accounts for approximately 1.7% of Dearborn Partners LLC’s holdings, making the stock its 22nd biggest position. Dearborn Partners LLC owned 0.08% of VF worth $22,119,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Oak Point Wealth Management purchased a new position in shares of VF during the fourth quarter worth approximately $1,479,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of VF by 7.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 175,898 shares of the textile maker’s stock valued at $13,016,000 after purchasing an additional 12,756 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of VF by 6.7% during the fourth quarter. Xact Kapitalforvaltning AB now owns 62,611 shares of the textile maker’s stock valued at $4,633,000 after purchasing an additional 3,906 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of VF during the fourth quarter valued at approximately $15,244,000. Finally, LPL Financial LLC boosted its stake in shares of VF by 44.3% during the fourth quarter. LPL Financial LLC now owns 75,092 shares of the textile maker’s stock valued at $5,557,000 after purchasing an additional 23,069 shares in the last quarter.
In related news, VP Kevin Bailey sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $77.42, for a total transaction of $1,161,300.00. Following the sale, the vice president now directly owns 54,571 shares of the company’s stock, valued at approximately $4,224,886.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Juliana L. Chugg sold 25,540 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $79.00, for a total transaction of $2,017,660.00. Following the transaction, the director now owns 51,802 shares of the company’s stock, valued at approximately $4,092,358. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by insiders.
VF opened at $79.96 on Friday, according to Marketbeat.com. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60. The stock has a market cap of $31.17 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 2.32 and a beta of 0.91. VF Co. has a twelve month low of $78.75 and a twelve month high of $79.75.
VF (NYSE:VFC) last posted its earnings results on Friday, May 4th. The textile maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.91 billion. VF had a net margin of 5.24% and a return on equity of 34.05%. VF’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. equities analysts predict that VF Co. will post 3.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, June 8th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Thursday, June 7th. VF’s dividend payout ratio (DPR) is 61.74%.
A number of equities analysts have recently issued reports on the stock. Canaccord Genuity set a $91.00 price objective on shares of VF and gave the company a “buy” rating in a research note on Tuesday, May 8th. Buckingham Research raised their target price on shares of VF to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, May 8th. TheStreet upgraded shares of VF from a “c+” rating to a “b+” rating in a research note on Friday, May 4th. DA Davidson reaffirmed a “hold” rating on shares of VF in a report on Monday, May 7th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $71.00 price target on shares of VF in a report on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $78.90.
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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