Stone Ridge Asset Management LLC Grows Stock Holdings in VF Corp (NYSE:VFC)

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Stone Ridge Asset Management LLC grew its holdings in shares of VF Corp (NYSE:VFC) by 1.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,839 shares of the textile maker’s stock after purchasing an additional 300 shares during the period. Stone Ridge Asset Management LLC’s holdings in VF were worth $2,432,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. TRUE Private Wealth Advisors purchased a new position in VF in the 2nd quarter worth approximately $26,000. Shine Investment Advisory Services Inc. purchased a new position in VF in the 2nd quarter worth approximately $35,000. First Bank & Trust purchased a new position in VF in the 2nd quarter worth approximately $41,000. Flagship Harbor Advisors LLC raised its holdings in VF by 31.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 547 shares of the textile maker’s stock worth $47,000 after acquiring an additional 131 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in VF by 407.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 578 shares of the textile maker’s stock worth $50,000 after acquiring an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 82.85% of the company’s stock.

NYSE:VFC traded down $2.66 during trading hours on Friday, reaching $78.35. The company had a trading volume of 1,228,145 shares, compared to its average volume of 1,601,786. The company has a current ratio of 2.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.76. VF Corp has a 52 week low of $67.18 and a 52 week high of $96.20. The firm has a market cap of $32.26 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.27 and a beta of 1.15. The firm’s 50 day moving average price is $84.80 and its 200-day moving average price is $87.19.

VF (NYSE:VFC) last posted its earnings results on Wednesday, July 24th. The textile maker reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. VF had a net margin of 8.62% and a return on equity of 34.52%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that VF Corp will post 3.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 10th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, September 9th. VF’s dividend payout ratio (DPR) is presently 53.97%.

In other VF news, CFO Scott A. Roe sold 10,000 shares of VF stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $88.39, for a total value of $883,900.00. Following the completion of the sale, the chief financial officer now owns 98,198 shares of the company’s stock, valued at approximately $8,679,721.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.74% of the company’s stock.

A number of brokerages recently weighed in on VFC. TheStreet lowered shares of VF from a “b+” rating to a “c” rating in a report on Wednesday, July 24th. Wedbush restated an “outperform” rating and issued a $98.00 price objective on shares of VF in a report on Thursday, May 23rd. Pivotal Research boosted their price objective on shares of VF to $95.00 in a report on Monday, July 22nd. UBS Group decreased their price objective on shares of VF from $97.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Finally, Guggenheim restated a “buy” rating and issued a $95.00 price objective (up from $90.00) on shares of VF in a report on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.69.

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.

See Also: Return on Equity (ROE)

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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