Smith Salley & Associates reduced its position in VF Corp (NYSE:VFC) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,975 shares of the textile maker’s stock after selling 3,643 shares during the period. Smith Salley & Associates’ holdings in VF were worth $7,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of VF by 9.6% in the 2nd quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock valued at $2,019,258,000 after purchasing an additional 2,179,165 shares during the period. Northern Trust Corp lifted its stake in shares of VF by 1.9% in the 2nd quarter. Northern Trust Corp now owns 5,299,379 shares of the textile maker’s stock valued at $432,005,000 after purchasing an additional 97,826 shares during the period. Charles Schwab Investment Advisory Inc. acquired a new position in shares of VF in the 2nd quarter valued at $352,007,000. Janus Henderson Group PLC lifted its stake in shares of VF by 89.6% in the 2nd quarter. Janus Henderson Group PLC now owns 3,479,346 shares of the textile maker’s stock valued at $283,640,000 after purchasing an additional 1,644,062 shares during the period. Finally, FMR LLC lifted its stake in shares of VF by 106.9% in the 2nd quarter. FMR LLC now owns 3,466,116 shares of the textile maker’s stock valued at $282,557,000 after purchasing an additional 1,790,625 shares during the period.
VF stock 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 firm has a market cap 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. 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 earnings results on Friday, October 19th. The textile maker reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $3.87 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts anticipate 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 issued a dividend of $0.51 per share. This is a positive change from VF’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.42%. VF’s dividend payout ratio is presently 61.74%.
In related news, CFO Scott A. Roe sold 29,544 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $92.78, for a total value of $2,741,092.32. Following the completion of the sale, the chief financial officer now owns 102,165 shares of the company’s stock, valued at $9,478,868.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Carucci acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The stock was purchased at an average cost of $78.65 per share, with a total value of $393,250.00. Following the acquisition, the director now directly owns 48,190 shares of the company’s stock, valued at approximately $3,790,143.50. The disclosure for this purchase can be found here. Insiders have sold 128,533 shares of company stock valued at $11,932,040 in the last ninety days. Insiders own 1.72% of the company’s stock.
Several equities research analysts recently commented on VFC shares. Bank of America set a $105.00 price target on shares of VF and gave the stock a “buy” rating in a report on Thursday, September 13th. Wedbush started coverage on shares of VF in a report on Monday, October 15th. They issued a “neutral” rating and a $94.00 price target for the company. They noted that the move was a valuation call. Cowen raised shares of VF from a “market perform” rating to a “buy” rating and boosted their price target for the stock from $96.00 to $106.00 in a report on Friday, September 14th. Citigroup cut their price target on shares of VF from $95.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, October 22nd. Finally, Credit Suisse Group cut their price target on shares of VF from $105.00 to $98.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. VF currently has an average rating of “Buy” and a consensus target price of $95.17.
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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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