Los Angeles Capital Management & Equity Research Inc. increased its position in shares of VF Corp (NYSE:VFC) by 65.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 214,025 shares of the textile maker’s stock after purchasing an additional 84,820 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.05% of VF worth $20,001,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd raised its position in VF by 44.7% in the second quarter. IFM Investors Pty Ltd now owns 15,035 shares of the textile maker’s stock worth $1,226,000 after acquiring an additional 4,646 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in VF by 19.7% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,068 shares of the textile maker’s stock worth $495,000 after acquiring an additional 1,000 shares during the period. Trust Co. of Vermont raised its position in VF by 20.3% in the second quarter. Trust Co. of Vermont now owns 11,350 shares of the textile maker’s stock worth $925,000 after acquiring an additional 1,914 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in VF by 2.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 96,793 shares of the textile maker’s stock worth $7,891,000 after acquiring an additional 2,015 shares during the period. Finally, CX Institutional bought a new stake in VF in the second quarter worth about $194,000.
NYSE VFC opened at $84.16 on Friday. VF Corp has a 12-month low of $69.07 and a 12-month high of $97.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.54. The company has a market capitalization of $34.20 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01.
VF (NYSE:VFC) last posted its quarterly earnings results on Friday, October 19th. The textile maker reported $1.43 earnings per share (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 company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Research analysts predict that VF Corp will post 3.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Monday, December 10th will be given a $0.51 dividend. The ex-dividend date is Friday, December 7th. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. This is a positive change from VF’s previous quarterly dividend of $0.46. VF’s payout ratio is 61.74%.
Several analysts have commented on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $105.00 price objective on shares of VF in a research report on Thursday, July 26th. Canaccord Genuity set a $108.00 price objective on shares of VF and gave the stock a “buy” rating in a research report on Monday, July 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $103.00 price objective on shares of VF in a research report on Monday, July 23rd. Stifel Nicolaus lifted their price objective on shares of VF from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. Finally, Telsey Advisory Group lifted their price objective on shares of VF from $86.00 to $107.00 and gave the stock an “outperform” rating in a research report on Monday, July 23rd. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. VF currently has a consensus rating of “Buy” and a consensus price target of $95.17.
In related news, CFO Scott A. Roe sold 29,544 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $92.78, for a total transaction of $2,741,092.32. Following the sale, the chief financial officer now owns 102,165 shares of the company’s stock, valued at approximately $9,478,868.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bryan H. Mcneill sold 25,232 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was 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 disclosure for this sale can be found here. In the last three months, insiders sold 128,533 shares of company stock worth $11,932,040. Insiders own 1.72% of the company’s stock.
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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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