First Personal Financial Services lowered its stake in shares of VF Corp (NYSE:VFC) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,585 shares of the textile maker’s stock after selling 649 shares during the quarter. First Personal Financial Services’ holdings in VF were worth $256,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in VF by 4.8% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 45,057 shares of the textile maker’s stock valued at $4,173,000 after acquiring an additional 2,061 shares during the period. UNIVEST FINANCIAL Corp lifted its stake in VF by 6.0% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 25,678 shares of the textile maker’s stock valued at $1,832,000 after acquiring an additional 1,459 shares during the period. NN Investment Partners Holdings N.V. lifted its stake in VF by 99.1% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 647,157 shares of the textile maker’s stock valued at $60,475,000 after acquiring an additional 322,067 shares during the period. Calamos Advisors LLC bought a new position in VF during the 3rd quarter valued at about $6,051,000. Finally, Intact Investment Management Inc. bought a new position in VF during the 4th quarter valued at about $1,013,000.
VFC has been the topic of several recent research reports. Citigroup lowered their price objective on shares of VF from $95.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday, October 22nd. Wedbush initiated coverage on shares of VF in a research note on Monday, October 15th. They issued a “neutral” rating and a $94.00 price objective on the stock. They noted that the move was a valuation call. Credit Suisse Group lowered their price objective on shares of VF from $105.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, October 22nd. Guggenheim reiterated a “buy” rating and issued a $90.00 price objective on shares of VF in a research note on Friday, January 18th. Finally, Pivotal Research set a $90.00 price objective on shares of VF and gave the stock a “hold” rating in a research note on Monday, October 15th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $91.91.
VF stock traded down $0.40 during midday trading on Thursday, hitting $84.21. The stock had a trading volume of 35,531 shares, compared to its average volume of 2,692,752. The firm has a market capitalization of $33.38 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.98 and a beta of 1.01. VF Corp has a 52-week low of $67.18 and a 52-week high of $97.00. The company has a current ratio of 1.80, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.
VF (NYSE:VFC) last released its earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.21. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.87 billion. VF had a net margin of 10.11% and a return on equity of 38.84%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. On average, analysts predict that VF Corp will post 3.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, March 8th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, March 7th. VF’s dividend payout ratio is 68.46%.
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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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