Nomura Asset Management Co. Ltd. raised its holdings in shares of VF Corp (NYSE:VFC) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,970 shares of the textile maker’s stock after buying an additional 4,318 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in VF were worth $3,846,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Morse Asset Management Inc boosted its position in shares of VF by 0.8% during the fourth quarter. Morse Asset Management Inc now owns 78,165 shares of the textile maker’s stock valued at $5,784,000 after buying an additional 650 shares during the period. Carnick & Kubik Group LLC boosted its holdings in shares of 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 period. Profund Advisors LLC boosted its holdings in shares of 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 period. Franklin Street Advisors Inc. NC boosted its holdings in shares of VF by 1.0% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 83,580 shares of the textile maker’s stock valued at $6,185,000 after purchasing an additional 823 shares during the period. Finally, Barings LLC boosted its holdings in shares of VF by 2.9% in the fourth quarter. Barings LLC now owns 31,800 shares of the textile maker’s stock valued at $2,353,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 85.49% of the company’s stock.
VFC has been the subject of a number of research reports. Cowen set a $79.00 price target on VF and gave the company a “hold” rating in a report on Monday, February 5th. ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Stifel Nicolaus upgraded VF from a “hold” rating to a “buy” rating and boosted their price target for the company from $78.00 to $91.00 in a report on Sunday, February 11th. Piper Jaffray Companies set a $89.00 price target on VF and gave the company a “buy” rating in a report on Friday, February 16th. Finally, TheStreet lowered VF from a “b+” rating to a “c+” rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $75.55.
VF (NYSE:VFC) last issued its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.67 billion. VF had a return on equity of 31.49% and a net margin of 5.08%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. analysts forecast that VF Corp will post 3.48 EPS for the current fiscal year.
The firm also recently disclosed 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. This represents a $1.84 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, March 8th. VF’s dividend payout ratio (DPR) is 102.79%.
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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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