Jones Financial Companies Lllp lessened its holdings in VF Corp (NYSE:VFC) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,265 shares of the textile maker’s stock after selling 5,216 shares during the period. Jones Financial Companies Lllp’s holdings in VF were worth $8,382,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of VFC. Pensionfund Sabic purchased a new stake in shares of VF during the fourth quarter worth $1,850,000. Oak Point Wealth Management purchased a new stake in shares of VF during the fourth quarter worth $1,479,000. Amundi Pioneer Asset Management Inc. raised its holdings 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 worth $25,305,000 after acquiring an additional 57,581 shares in the last quarter. Oak Ridge Investments LLC raised its holdings 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 worth $11,223,000 after acquiring an additional 37,613 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of VF by 5.5% during the fourth quarter. California Public Employees Retirement System now owns 865,992 shares of the textile maker’s stock worth $64,083,000 after acquiring an additional 45,527 shares in the last quarter. 85.49% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on VFC. Guggenheim reiterated a “buy” rating and set a $84.00 price objective on shares of VF in a report on Wednesday, January 10th. Piper Jaffray Companies upgraded VF from a “neutral” rating to an “overweight” rating and set a $56.00 price objective for the company in a report on Monday, February 5th. Robert W. Baird reiterated an “average” rating and set a $84.00 price objective on shares of VF in a report on Wednesday, January 3rd. Pivotal Research set a $95.00 price objective on VF and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Barclays began coverage on VF in a report on Friday, February 2nd. They set an “overweight” rating and a $96.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $75.10.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, February 16th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.01). The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.67 billion. VF had a net margin of 5.08% and a return on equity of 31.49%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. sell-side analysts predict that VF Corp will post 3.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, March 8th. VF’s dividend payout ratio is currently 121.86%.
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.
Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VF Corp (NYSE:VFC).
Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.