Martin Capital Partners LLC acquired a new position in shares of VF Corp (NYSE:VFC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 42,822 shares of the textile maker’s stock, valued at approximately $3,169,000. VF makes up 3.3% of Martin Capital Partners LLC’s investment portfolio, making the stock its 9th biggest holding.
Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in VF by 44.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock valued at $111,000 after buying an additional 3,372 shares during the period. Cerebellum GP LLC purchased a new stake in VF in the 4th quarter valued at about $131,000. Carroll Financial Associates Inc. grew its holdings in VF by 368.3% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock valued at $151,000 after buying an additional 1,613 shares during the period. Alps Advisors Inc. purchased a new stake in VF in the 4th quarter valued at about $205,000. Finally, Investment Partners Ltd. OH ADV acquired a new position in shares of VF in the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 85.22% of the company’s stock.
VFC has been the topic of several research analyst reports. Cowen set a $79.00 price objective on VF and gave the company a “hold” rating in a research note on Monday, February 5th. Stifel Nicolaus raised VF from a “hold” rating to a “buy” rating and upped their target price for the company from $78.00 to $91.00 in a research report on Sunday, February 11th. Piper Jaffray Companies set a $89.00 target price on VF and gave the company a “buy” rating in a research report on Friday, February 16th. TheStreet lowered VF from a “b+” rating to a “c+” rating in a research report on Friday, February 16th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $90.00 target price (up from $81.00) on shares of VF in a research report on Monday, January 29th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $75.10.
VF (NYSE:VFC) last issued its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01). The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. VF had a return on equity of 31.49% and a net margin of 5.08%. VF’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. analysts anticipate that VF Corp will post 3.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.84 dividend on an annualized basis and a yield of 2.46%. VF’s payout ratio is currently 121.86%.
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V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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