Boston Advisors LLC decreased its position in shares of V.F. Corp. (NYSE:VFC) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,290 shares of the company’s stock after selling 6,436 shares during the period. Boston Advisors LLC’s holdings in V.F. Corp. were worth $3,769,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in VFC. Glenmede Trust Co. NA raised its stake in shares of V.F. Corp. by 30.3% in the first quarter. Glenmede Trust Co. NA now owns 25,706 shares of the company’s stock worth $1,664,000 after buying an additional 5,984 shares in the last quarter. Aperio Group LLC raised its stake in shares of V.F. Corp. by 16.4% in the first quarter. Aperio Group LLC now owns 114,822 shares of the company’s stock worth $7,436,000 after buying an additional 16,157 shares in the last quarter. Virginia Retirement System bought a new stake in shares of V.F. Corp. during the first quarter worth approximately $358,000. Dubuque Bank & Trust Co. raised its stake in shares of V.F. Corp. by 42.4% in the first quarter. Dubuque Bank & Trust Co. now owns 2,732 shares of the company’s stock worth $177,000 after buying an additional 814 shares in the last quarter. Finally, Ngam Advisors L.P. raised its stake in shares of V.F. Corp. by 100.3% in the first quarter. Ngam Advisors L.P. now owns 37,193 shares of the company’s stock worth $2,409,000 after buying an additional 18,620 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.
V.F. Corp. (NYSE:VFC) traded up 1.19% on Friday, reaching $56.05. 3,108,172 shares of the company’s stock were exchanged. V.F. Corp. has a one year low of $52.21 and a one year high of $73.81. The firm has a 50 day moving average price of $60.20 and a 200 day moving average price of $62.34. The firm has a market cap of $23.25 billion, a PE ratio of 22.17 and a beta of 0.76.
V.F. Corp. (NYSE:VFC) last released its quarterly earnings results on Friday, July 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. V.F. Corp. had a net margin of 8.82% and a return on equity of 25.27%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts anticipate that V.F. Corp. will post $3.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Friday, September 9th were paid a $0.37 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.48 dividend on an annualized basis and a yield of 2.64%. V.F. Corp.’s dividend payout ratio is currently 58.73%.
A number of brokerages have recently commented on VFC. Guggenheim began coverage on shares of V.F. Corp. in a research note on Friday. They issued a “buy” rating for the company. Susquehanna began coverage on shares of V.F. Corp. in a research note on Thursday, September 15th. They issued a “neutral” rating and a $55.00 price target for the company. Bank of America Corp. lowered shares of V.F. Corp. from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $73.00 to $54.00 in a research note on Thursday, September 15th. Wells Fargo & Co. reiterated a “market perform” rating and issued a $58.00 price target (up from $57.00) on shares of V.F. Corp. in a research note on Monday, September 12th. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $76.00 price target on shares of V.F. Corp. in a research note on Sunday, September 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $68.16.
In related news, CEO Eric C. Wiseman sold 264,816 shares of V.F. Corp. stock in a transaction on Friday, August 19th. The shares were sold at an average price of $64.55, for a total value of $17,093,872.80. Following the sale, the chief executive officer now owns 756,198 shares of the company’s stock, valued at approximately $48,812,580.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Clarence Otis, Jr. sold 25,540 shares of V.F. Corp. stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $62.12, for a total transaction of $1,586,544.80. Following the completion of the sale, the director now directly owns 37,510 shares in the company, valued at approximately $2,330,121.20. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
About V.F. Corp.
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
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