Raymond James Trust N.A. cut its holdings in VF Corp (NYSE:VFC) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,275 shares of the textile maker’s stock after selling 2,003 shares during the quarter. Raymond James Trust N.A.’s holdings in VF were worth $3,391,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in VF by 42.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 8,645,008 shares of the textile maker’s stock valued at $526,828,000 after acquiring an additional 2,575,045 shares during the last quarter. FMR LLC boosted its stake in VF by 157.0% in the second quarter. FMR LLC now owns 2,942,075 shares of the textile maker’s stock valued at $179,289,000 after acquiring an additional 1,797,118 shares during the last quarter. Waddell & Reed Financial Inc. boosted its stake in VF by 13.7% in the first quarter. Waddell & Reed Financial Inc. now owns 1,742,310 shares of the textile maker’s stock valued at $94,224,000 after acquiring an additional 209,640 shares during the last quarter. ProShare Advisors LLC boosted its stake in VF by 18.7% in the second quarter. ProShare Advisors LLC now owns 1,482,859 shares of the textile maker’s stock valued at $90,365,000 after acquiring an additional 233,539 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in VF by 1.7% in the second quarter. Goldman Sachs Group Inc. now owns 1,451,571 shares of the textile maker’s stock valued at $88,458,000 after acquiring an additional 24,756 shares during the last quarter. 69.41% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of VF from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Robert W. Baird lifted their price target on shares of VF from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. Telsey Advisory Group lifted their price target on shares of VF from $72.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. BTIG Research raised shares of VF from a “neutral” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, September 15th. Finally, Cowen lifted their price target on shares of VF from $64.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. VF currently has an average rating of “Buy” and a consensus target price of $74.37.
In other news, Director W Alan Mccollough sold 9,501 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $67.08, for a total transaction of $637,327.08. Following the transaction, the director now directly owns 27,272 shares in the company, valued at approximately $1,829,405.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is owned by insiders.
Shares of VFC stock opened at $75.82 on Friday. The company has a current ratio of 3.65, a quick ratio of 2.83 and a debt-to-equity ratio of 1.93. VF Corp has a 1 year low of $45.07 and a 1 year high of $100.25. The firm’s fifty day moving average price is $71.54 and its two-hundred day moving average price is $62.31. The firm has a market capitalization of $29.54 billion, a P/E ratio of 92.46, a PEG ratio of 5.49 and a beta of 1.20.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, October 16th. The textile maker reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. VF had a net margin of 3.46% and a return on equity of 21.07%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business earned $1.26 EPS. The company’s revenue was down 18.0% compared to the same quarter last year. As a group, equities research analysts forecast that VF Corp will post 1.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Thursday, December 10th will be paid a $0.49 dividend. This is a positive change from VF’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a yield of 2.59%. VF’s payout ratio is presently 71.64%.
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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