Alliancebernstein L.P. raised its position in VF Corp (NYSE:VFC) by 24.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,180,488 shares of the textile maker’s stock after purchasing an additional 228,917 shares during the quarter. Alliancebernstein L.P.’s holdings in VF were worth $87,356,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of VF in the fourth quarter valued at approximately $131,000. Carroll Financial Associates Inc. increased its stake in shares of VF by 368.3% in the fourth quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock valued at $151,000 after purchasing an additional 1,613 shares during the period. IFG Advisory LLC acquired a new stake in shares of VF in the fourth quarter valued at approximately $774,000. Alps Advisors Inc. acquired a new stake in shares of VF in the fourth quarter valued at approximately $205,000. Finally, Mission Wealth Management LP acquired a new stake in shares of VF in the fourth quarter valued at approximately $207,000. Institutional investors own 84.96% of the company’s stock.
VFC has been the topic of several analyst reports. Cowen set a $79.00 price target on shares of VF and gave the company a “hold” rating in a research note on Monday, February 5th. ValuEngine upgraded shares of VF from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Stifel Nicolaus upgraded shares of VF from a “hold” rating to a “buy” rating and raised their price target for the company from $78.00 to $91.00 in a research note on Sunday, February 11th. Piper Jaffray Companies set a $89.00 price objective on shares of VF and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, TheStreet lowered shares of VF from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $75.10.
VF (NYSE:VFC) last issued its earnings results on Friday, February 16th. The textile maker reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.01). The business 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%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 earnings per share. equities research analysts predict that VF Corp will post 3.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, March 8th. VF’s payout ratio is 102.79%.
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VF Company Profile
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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