Kentucky Retirement Systems Insurance Trust Fund lifted its stake in V.F. Co. (NYSE:VFC – Get Rating) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,912 shares of the textile maker’s stock after purchasing an additional 191 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in V.F. were worth $653,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in V.F. by 1.8% during the 3rd quarter. California State Teachers Retirement System now owns 595,179 shares of the textile maker’s stock worth $39,871,000 after acquiring an additional 10,716 shares in the last quarter. Credit Suisse AG grew its holdings in V.F. by 10.5% during the 3rd quarter. Credit Suisse AG now owns 621,893 shares of the textile maker’s stock worth $41,661,000 after acquiring an additional 59,241 shares in the last quarter. Natixis bought a new position in V.F. during the 3rd quarter worth about $8,035,000. Voloridge Investment Management LLC grew its holdings in V.F. by 63.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 100,198 shares of the textile maker’s stock worth $6,712,000 after acquiring an additional 38,914 shares in the last quarter. Finally, NorthRock Partners LLC bought a new stake in shares of V.F. in the 3rd quarter valued at about $204,000. Hedge funds and other institutional investors own 93.63% of the company’s stock.
A number of analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of V.F. in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Williams Capital cut shares of V.F. from a “buy” rating to a “hold” rating in a report on Thursday, January 20th. Seaport Res Ptn restated a “neutral” rating on shares of V.F. in a report on Tuesday, January 18th. Wells Fargo & Company lowered shares of V.F. from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $75.00 to $58.00 in a research report on Tuesday, April 5th. Finally, UBS Group reduced their price target on shares of V.F. from $71.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, January 31st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $76.95.
VFC traded down $0.50 on Monday, hitting $55.70. 2,144,727 shares of the company’s stock were exchanged, compared to its average volume of 3,329,196. V.F. Co. has a fifty-two week low of $51.02 and a fifty-two week high of $90.79. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $57.00 and a 200-day moving average price of $66.61. The stock has a market cap of $21.66 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 0.55 and a beta of 1.46.
V.F. (NYSE:VFC – Get Rating) last announced its earnings results on Friday, January 28th. The textile maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.14. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.61 billion. V.F. had a net margin of 12.03% and a return on equity of 34.69%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 EPS. On average, equities analysts predict that V.F. Co. will post 3.2 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Thursday, March 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $2.00 annualized dividend and a dividend yield of 3.59%. V.F.’s payout ratio is 56.34%.
V.F. Company Profile (Get Rating)
V.F. Corporation, together with its subsidiaries, 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 three segments: Outdoor, Active, and Work.
- Get a free copy of the StockNews.com research report on V.F. (VFC)
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