Honkamp Krueger Financial Services Inc. purchased a new position in VF Corp (NYSE:VFC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,440 shares of the textile maker’s stock, valued at approximately $243,000.
A number of other institutional investors have also bought and sold shares of VFC. Doyle Wealth Management purchased a new position in shares of VF in the second quarter worth about $32,000. Independence Bank of Kentucky purchased a new stake in VF during the 3rd quarter valued at about $34,000. Mechanics Bank Trust Department purchased a new stake in VF during the 3rd quarter valued at about $38,000. Prime Capital Investment Advisors LLC boosted its holdings in VF by 33.9% during the 3rd 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 period. Finally, Stonebridge Capital Advisors LLC bought a new position in VF during the 2nd quarter worth approximately $49,000.
Shares of NYSE:VFC opened at $95.71 on Thursday. The stock’s 50-day moving average is $94.86 and its 200 day moving average is $88.32. The company has a market cap of $37.96 billion, a PE ratio of 25.32, a P/E/G ratio of 2.51 and a beta of 1.19. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.99 and a quick ratio of 1.20. VF Corp has a 1 year low of $71.38 and a 1 year high of $100.25.
VF (NYSE:VFC) last released its quarterly earnings data on Friday, October 25th. The textile maker reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.04). The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.42 billion. VF had a return on equity of 32.04% and a net margin of 10.07%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Analysts expect that VF Corp will post 3.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 10th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, December 9th. This is an increase from VF’s previous quarterly dividend of $0.43. VF’s dividend payout ratio is currently 50.79%.
In other news, VP Kevin Bailey sold 21,314 shares of VF stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $83.14, for a total transaction of $1,772,045.96. Following the sale, the vice president now owns 71,241 shares of the company’s stock, valued at approximately $5,922,976.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven E. Rendle sold 155,582 shares of VF stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $91.40, for a total transaction of $14,220,194.80. Following the sale, the chief executive officer now directly owns 302,013 shares in the company, valued at approximately $27,603,988.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,826 shares of company stock valued at $17,535,241. 0.74% of the stock is owned by corporate insiders.
VFC has been the topic of a number of analyst reports. Credit Suisse Group lifted their price target on VF from $104.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Susquehanna Bancshares increased their price objective on VF from $105.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wedbush lowered VF from an “outperform” rating to a “neutral” rating and set a $98.00 price objective for the company. in a research note on Wednesday, January 8th. They noted that the move was a valuation call. Guggenheim restated a “buy” rating on shares of VF in a report on Tuesday, December 10th. Finally, Barclays initiated coverage on shares of VF in a research note on Tuesday, November 12th. They issued an “overweight” rating and a $103.00 target price on the stock. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price 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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