VF Corp (VFC) Position Reduced by Candriam Luxembourg S.C.A.

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Candriam Luxembourg S.C.A. lessened its position in VF Corp (NYSE:VFC) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,542 shares of the textile maker’s stock after selling 1,417 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in VF were worth $5,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in VF by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 26,944,256 shares of the textile maker’s stock worth $2,517,940,000 after acquiring an additional 538,916 shares during the period. Vanguard Group Inc raised its holdings in VF by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 26,944,256 shares of the textile maker’s stock worth $2,517,940,000 after acquiring an additional 538,916 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in VF by 5,538.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,592,716 shares of the textile maker’s stock worth $106,000 after acquiring an additional 7,458,056 shares during the period. Parnassus Investments CA increased its holdings in shares of VF by 1.1% during the 4th quarter. Parnassus Investments CA now owns 7,232,841 shares of the textile maker’s stock worth $515,990,000 after purchasing an additional 77,942 shares during the period. Finally, FMR LLC increased its holdings in shares of VF by 58.2% during the 3rd quarter. FMR LLC now owns 5,482,244 shares of the textile maker’s stock worth $512,315,000 after purchasing an additional 2,016,128 shares during the period. Hedge funds and other institutional investors own 83.70% of the company’s stock.

Several research firms have recently issued reports on VFC. Citigroup restated a “neutral” rating and set a $85.00 price objective (down previously from $90.00) on shares of VF in a report on Monday. Piper Jaffray Companies set a $93.00 price objective on shares of VF and gave the stock a “buy” rating in a report on Friday, January 18th. Telsey Advisory Group restated an “outperform” rating and set a $96.00 price objective (up previously from $88.00) on shares of VF in a report on Tuesday, January 22nd. Pivotal Research restated a “hold” rating and set a $78.00 price objective (down previously from $85.00) on shares of VF in a report on Wednesday, January 16th. Finally, Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of VF in a report on Friday, January 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $91.95.

In related news, VP Scott H. Baxter sold 51,911 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $84.25, for a total value of $4,373,501.75. Following the sale, the vice president now owns 201,972 shares of the company’s stock, valued at $17,016,141. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Curtis A. Holtz sold 24,926 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $85.75, for a total transaction of $2,137,404.50. Following the completion of the sale, the vice president now directly owns 61,433 shares in the company, valued at approximately $5,267,879.75. The disclosure for this sale can be found here. In the last three months, insiders sold 229,267 shares of company stock worth $19,577,926. 1.72% of the stock is currently owned by insiders.

NYSE VFC opened at $85.84 on Friday. The stock has a market capitalization of $33.60 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 2.03 and a beta of 1.14. VF Corp has a twelve month low of $67.18 and a twelve month 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 posted its earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.21. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.87 billion. VF had a net margin of 10.11% and a return on equity of 38.84%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. As a group, research analysts anticipate that VF Corp will post 3.75 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, March 8th were paid a $0.51 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.38%. VF’s payout ratio is currently 68.46%.

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VF Profile

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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Institutional Ownership by Quarter for VF (NYSE:VFC)

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