Achmea Investment Management B.V. Has $5.66 Million Stake in VF Corp (VFC)

Achmea Investment Management B.V. lowered its position in VF Corp (NYSE:VFC) by 23.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,548 shares of the textile maker’s stock after selling 18,152 shares during the period. Achmea Investment Management B.V.’s holdings in VF were worth $5,656,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in VF by 9.6% in the 2nd quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock worth $2,019,258,000 after buying an additional 2,179,165 shares during the period. Northern Trust Corp boosted its holdings in VF by 1.9% in the 2nd quarter. Northern Trust Corp now owns 5,299,379 shares of the textile maker’s stock worth $432,005,000 after buying an additional 97,826 shares during the period. Charles Schwab Investment Advisory Inc. bought a new position in VF in the 2nd quarter worth $352,007,000. Janus Henderson Group PLC boosted its holdings in VF by 89.6% in the 2nd quarter. Janus Henderson Group PLC now owns 3,479,346 shares of the textile maker’s stock worth $283,640,000 after buying an additional 1,644,062 shares during the period. Finally, FMR LLC boosted its holdings in VF by 106.9% in the 2nd quarter. FMR LLC now owns 3,466,116 shares of the textile maker’s stock worth $282,557,000 after buying an additional 1,790,625 shares during the period.

VFC opened at $84.16 on Friday. VF Corp has a 52 week low of $69.07 and a 52 week high of $97.00. The stock has a market cap of $33.91 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 2.05 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51.

VF (NYSE:VFC) last released its quarterly earnings data on Friday, October 19th. The textile maker reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. VF had a net margin of 6.20% and a return on equity of 37.08%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The business’s revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts forecast that VF Corp will post 3.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Monday, December 10th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. This is a boost from VF’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 7th. VF’s dividend payout ratio is currently 61.74%.

Several research analysts recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $103.00 target price on shares of VF in a report on Monday, July 23rd. Cowen reaffirmed a “hold” rating and issued a $94.00 target price on shares of VF in a report on Friday, July 20th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 target price on shares of VF in a report on Thursday, July 26th. Credit Suisse Group upped their target price on shares of VF from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Finally, Buckingham Research upped their target price on shares of VF from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, July 17th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $95.17.

In other news, VP Bryan H. Mcneill sold 25,232 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $92.45, for a total transaction of $2,332,698.40. Following the sale, the vice president now directly owns 5,122 shares in the company, valued at approximately $473,528.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura C. Meagher sold 69,357 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $93.05, for a total transaction of $6,453,668.85. Following the sale, the insider now owns 36,369 shares in the company, valued at $3,384,135.45. The disclosure for this sale can be found here. Insiders have sold a total of 128,533 shares of company stock worth $11,932,040 over the last 90 days. Corporate insiders own 1.72% of the company’s stock.

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VF Profile

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.

Further Reading: What is an Initial Public Offering (IPO)?

Institutional Ownership by Quarter for VF (NYSE:VFC)

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