Legacy Private Trust Co. lifted its holdings in shares of VF Corp (NYSE:VFC) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,373 shares of the textile maker’s stock after purchasing an additional 173 shares during the period. Legacy Private Trust Co.’s holdings in VF were worth $336,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of VFC. Doyle Wealth Management purchased a new position in VF during the second quarter worth $32,000. Independence Bank of Kentucky purchased a new stake in shares of VF in the third quarter valued at $34,000. Mechanics Bank Trust Department acquired a new stake in shares of VF during the third quarter valued at $38,000. Prime Capital Investment Advisors LLC boosted its stake in shares of VF by 33.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 518 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 131 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC purchased a new stake in VF during the 2nd quarter worth about $49,000.
In other news, VP Kevin Bailey sold 21,314 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $83.14, for a total transaction of $1,772,045.96. Following the completion of the sale, the vice president now directly owns 71,241 shares in the company, valued at approximately $5,922,976.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Steven E. Rendle sold 155,582 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $91.40, for a total value of $14,220,194.80. Following the sale, the chief executive officer now owns 302,013 shares of the company’s stock, valued at $27,603,988.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,826 shares of company stock worth $17,535,241. 0.74% of the stock is owned by company insiders.
NYSE VFC opened at $96.53 on Wednesday. The business’s 50-day moving average price is $94.69 and its 200 day moving average price is $88.27. The company has a current ratio of 1.99, a quick ratio of 1.20 and a debt-to-equity ratio of 0.67. VF Corp has a twelve month low of $71.38 and a twelve month high of $100.25. The company has a market capitalization of $37.96 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19.
VF (NYSE:VFC) last posted its quarterly earnings results on Friday, October 25th. The textile maker reported $1.26 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.04). VF had a net margin of 10.07% and a return on equity of 32.04%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter last year, the firm earned $1.43 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that VF Corp will post 3.36 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, December 9th. This represents a $1.92 dividend on an annualized basis and a yield of 1.99%. This is an increase from VF’s previous quarterly dividend of $0.43. VF’s dividend payout ratio (DPR) is currently 50.79%.
Several research analysts recently weighed in on the stock. Wedbush downgraded shares of VF from an “outperform” rating to a “neutral” rating and set a $98.00 target price for the company. in a research note on Wednesday, January 8th. They noted that the move was a valuation call. Barclays initiated coverage on shares of VF in a research note on Tuesday, November 12th. They set an “overweight” rating and a $103.00 price target on the stock. ValuEngine downgraded shares of VF from a “buy” rating to a “hold” rating in a report on Friday, November 29th. Credit Suisse Group boosted their price objective on shares of VF from $104.00 to $116.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Guggenheim reissued a “buy” rating on shares of VF in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $100.77.
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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