Carnick & Kubik Group LLC lifted its position in shares of VF Corp (NYSE:VFC) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,972 shares of the textile maker’s stock after purchasing an additional 688 shares during the period. Carnick & Kubik Group LLC’s holdings in VF were worth $1,774,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in VFC. Pensionfund Sabic bought a new position in shares of VF during the fourth quarter valued at approximately $1,850,000. Oak Point Wealth Management bought a new position in shares of VF during the fourth quarter valued at approximately $1,479,000. Amundi Pioneer Asset Management Inc. increased its stake in shares of VF by 16.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 398,071 shares of the textile maker’s stock valued at $25,305,000 after purchasing an additional 57,581 shares in the last quarter. First Merchants Corp increased its stake in shares of VF by 8.1% during the third quarter. First Merchants Corp now owns 69,631 shares of the textile maker’s stock valued at $4,425,000 after purchasing an additional 5,201 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its position in shares of VF by 27.1% during the third quarter. Oak Ridge Investments LLC now owns 176,542 shares of the textile maker’s stock valued at $11,223,000 after acquiring an additional 37,613 shares in the last quarter. 84.96% of the stock is owned by institutional investors.
Shares of VF Corp (NYSE VFC) traded down $0.24 during midday trading on Thursday, reaching $72.80. 2,541,216 shares of the company’s stock were exchanged, compared to its average volume of 3,300,000. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60. The company has a market cap of $28,770.00, a P/E ratio of 40.67, a P/E/G ratio of 2.10 and a beta of 0.96. VF Corp has a one year low of $51.22 and a one year high of $84.38.
VF (NYSE:VFC) last announced its quarterly earnings results on Friday, February 16th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.67 billion. VF had a net margin of 5.08% and a return on equity of 31.49%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. equities analysts anticipate that VF Corp will post 3.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be issued a $0.46 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.84 dividend on an annualized basis and a yield of 2.53%. VF’s dividend payout ratio is currently 102.79%.
VFC has been the subject of several analyst reports. Robert W. Baird reissued an “average” rating and set a $84.00 price target on shares of VF in a research report on Wednesday, January 3rd. Piper Jaffray Companies set a $89.00 price target on shares of VF and gave the company a “buy” rating in a research report on Friday, February 16th. Pivotal Research set a $95.00 target price on shares of VF and gave the stock a “buy” rating in a report on Wednesday, February 14th. Stifel Nicolaus upgraded shares of VF from a “hold” rating to a “buy” rating and raised their target price for the stock from $78.00 to $91.00 in a report on Sunday, February 11th. Finally, Susquehanna Bancshares restated a “buy” rating and issued a $95.00 target price on shares of VF in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.10.
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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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