Nippon Life Global Investors Americas Inc. acquired a new stake in VF Corp (NYSE:VFC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 55,540 shares of the textile maker’s stock, valued at approximately $4,110,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of VF by 1.6% during the fourth quarter. BlackRock Inc. now owns 21,891,867 shares of the textile maker’s stock worth $1,619,997,000 after buying an additional 335,056 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in VF by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 3,913,402 shares of the textile maker’s stock valued at $289,592,000 after purchasing an additional 236,963 shares in the last quarter. Geode Capital Management LLC boosted its holdings in VF by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 3,817,062 shares of the textile maker’s stock valued at $281,921,000 after purchasing an additional 172,234 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in VF by 5.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,744,948 shares of the textile maker’s stock valued at $129,127,000 after purchasing an additional 97,588 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in VF by 15.3% in the 4th quarter. King Luther Capital Management Corp now owns 1,394,210 shares of the textile maker’s stock valued at $103,172,000 after purchasing an additional 184,973 shares in the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.
Shares of VF Corp (VFC) traded up $1.28 during trading hours on Wednesday, reaching $74.75. 2,381,657 shares of the company were exchanged, compared to its average volume of 3,310,000. The company has a market capitalization of $29,650.00, a PE ratio of 41.76, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. VF Corp has a 1 year low of $51.22 and a 1 year high of $84.38. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.59.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.01). VF had a net margin of 5.08% and a return on equity of 31.49%. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the company posted $0.97 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. research analysts predict that VF Corp will post 3.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be paid 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 2.46%. VF’s payout ratio is presently 102.79%.
A number of research firms have recently issued reports on VFC. Canaccord Genuity set a $90.00 price target on shares of VF and gave the company a “buy” rating in a research report on Wednesday. Credit Suisse Group assumed coverage on VF in a research report on Monday. They set an “outperform” rating and a $85.00 price objective for the company. Guggenheim reiterated a “buy” rating on shares of VF in a report on Thursday, March 8th. ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, TheStreet cut shares of VF from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. VF currently has an average rating of “Hold” and a consensus price target of $75.55.
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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