Northern Trust Corp trimmed its holdings in VF Co. (NYSE:VFC) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,201,553 shares of the textile maker’s stock after selling 50,851 shares during the quarter. Northern Trust Corp owned 1.31% of VF worth $385,539,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Belpointe Asset Management LLC boosted its holdings in VF by 9.3% in the fourth quarter. Belpointe Asset Management LLC now owns 7,460 shares of the textile maker’s stock valued at $552,000 after purchasing an additional 635 shares during the last quarter. Morse Asset Management Inc boosted its holdings in VF by 0.8% in the fourth quarter. Morse Asset Management Inc now owns 78,165 shares of the textile maker’s stock valued at $5,784,000 after purchasing an additional 650 shares during the last quarter. Carnick & Kubik Group LLC boosted its holdings in VF by 3.0% in the fourth quarter. Carnick & Kubik Group LLC now owns 23,972 shares of the textile maker’s stock valued at $1,774,000 after purchasing an additional 688 shares during the last quarter. Profund Advisors LLC boosted its holdings in VF by 9.4% in the fourth quarter. Profund Advisors LLC now owns 8,442 shares of the textile maker’s stock valued at $625,000 after purchasing an additional 723 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its holdings in VF by 0.8% in the first quarter. State Treasurer State of Michigan now owns 96,928 shares of the textile maker’s stock valued at $7,184,000 after purchasing an additional 800 shares during the last quarter. 82.76% of the stock is currently owned by institutional investors.
Several research firms have commented on VFC. TheStreet lowered shares of VF from a “b+” rating to a “c+” rating in a report on Friday, February 16th. Sanford C. Bernstein reissued a “market perform” rating and set a $71.00 target price on shares of VF in a research note on Monday, May 7th. Pivotal Research reissued a “hold” rating and set a $82.00 target price on shares of VF in a research note on Monday, May 7th. Robert W. Baird increased their target price on shares of VF to $88.00 and gave the stock an “outperform” rating in a research note on Monday, May 7th. Finally, DA Davidson reissued a “hold” rating on shares of VF in a research note on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $79.95.
In related news, VP Kevin Bailey sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $77.42, for a total value of $1,161,300.00. Following the transaction, the vice president now directly owns 54,571 shares of the company’s stock, valued at approximately $4,224,886.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Juliana L. Chugg sold 25,540 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $79.00, for a total transaction of $2,017,660.00. Following the completion of the transaction, the director now directly owns 51,802 shares in the company, valued at $4,092,358. The disclosure for this sale can be found here. Insiders sold a total of 134,816 shares of company stock worth $10,725,520 over the last ninety days. 1.72% of the stock is currently owned by corporate insiders.
Shares of VF stock opened at $81.28 on Thursday. The stock has a market capitalization of $31.91 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.29 and a beta of 0.91. VF Co. has a twelve month low of $52.47 and a twelve month high of $84.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.90 and a current ratio of 1.49.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, May 4th. The textile maker reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.91 billion. VF had a net margin of 5.24% and a return on equity of 34.05%. VF’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company posted $0.52 EPS. sell-side analysts forecast that VF Co. will post 3.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 18th. Investors of record on Friday, June 8th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Thursday, June 7th. VF’s dividend payout ratio is presently 61.74%.
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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