Unigestion Holding SA grew its position in VF Corp (NYSE:VFC) by 245.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 121,552 shares of the textile maker’s stock after buying an additional 86,352 shares during the period. Unigestion Holding SA’s holdings in VF were worth $11,359,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of VFC. IFM Investors Pty Ltd raised its holdings 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 buying an additional 4,646 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings 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 buying an additional 1,000 shares during the last quarter. Trust Co. of Vermont raised its holdings 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 buying an additional 1,914 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings 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 buying an additional 2,015 shares during the last quarter. Finally, CX Institutional purchased a new position in VF in the second quarter worth about $194,000.
Shares of NYSE VFC opened at $84.16 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 0.90. The company has a market cap of $34.20 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01. VF Corp has a 12-month low of $69.07 and a 12-month high of $97.00.
VF (NYSE:VFC) last announced its 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. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.87 billion. VF had a net margin of 6.20% and a return on equity of 37.08%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. Equities research analysts anticipate that VF Corp will post 3.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors 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 yield of 2.42%. This is a positive change from VF’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, December 7th. VF’s payout ratio is 61.74%.
Several brokerages have issued reports on VFC. 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. Canaccord Genuity set a $108.00 price target on shares of VF and gave the stock a “buy” rating in a research note on Monday, July 23rd. Piper Jaffray Companies reiterated a “buy” rating and issued a $103.00 price target on shares of VF in a research note on Monday, July 23rd. Stifel Nicolaus lifted their price target on shares of VF from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, July 23rd. Finally, Telsey Advisory Group lifted their price target on shares of VF from $86.00 to $107.00 and gave the stock an “outperform” rating in a research note on Monday, July 23rd. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. VF presently has a consensus rating of “Buy” and an average price target of $95.17.
In related news, insider Laura C. Meagher sold 69,357 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 36,369 shares in the company, valued at $3,384,135.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bryan H. Mcneill sold 25,232 shares of the business’s stock in a transaction that occurred on 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 owns 5,122 shares of the company’s stock, valued at $473,528.90. The disclosure for this sale can be found here. Insiders have sold 128,533 shares of company stock valued at $11,932,040 over the last 90 days. 1.72% of the stock is currently owned by company insiders.
VF Company 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.
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