VF Corp (VFC) Stake Lessened by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its position in shares of VF Corp (NYSE:VFC) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,182 shares of the textile maker’s stock after selling 13,910 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.07% of VF worth $24,959,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VFC. Charles Schwab Investment Advisory Inc. purchased a new position in VF during the second quarter valued at approximately $352,007,000. Waddell & Reed Financial Inc. grew its position in VF by 1,233.7% during the second quarter. Waddell & Reed Financial Inc. now owns 3,008,805 shares of the textile maker’s stock valued at $245,278,000 after purchasing an additional 2,783,208 shares in the last quarter. BlackRock Inc. grew its position in VF by 9.6% during the second 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 in the last quarter. FMR LLC grew its position in VF by 106.9% during the second 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 in the last quarter. Finally, Janus Henderson Group PLC grew its position in VF by 89.6% during the second 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 in the last quarter.

VFC stock opened at $84.16 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $34.20 billion, a price-to-earnings 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 posted its earnings results on Friday, October 19th. The textile maker reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.10. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. VF had a net margin of 6.20% and a return on equity of 37.08%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 earnings per share. On average, equities research analysts predict 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. Shareholders of record on Monday, December 10th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.42%. This is an increase from VF’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 7th. VF’s payout ratio is currently 61.74%.

In other news, Director Richard Carucci acquired 5,000 shares of VF stock in a transaction dated Wednesday, October 24th. The stock was acquired at an average cost of $78.65 per share, for a total transaction of $393,250.00. Following the completion of the purchase, the director now owns 48,190 shares of the company’s stock, valued at $3,790,143.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin Bailey sold 4,400 shares of the business’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $91.95, for a total transaction of $404,580.00. Following the completion of the sale, the vice president now owns 28,861 shares of the company’s stock, valued at $2,653,768.95. The disclosure for this sale can be found here. Insiders sold 128,533 shares of company stock valued at $11,932,040 over the last three months. Insiders own 1.72% of the company’s stock.

A number of research analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of VF to $88.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 23rd. Canaccord Genuity set a $108.00 price objective on shares of VF and gave the company a “buy” rating in a research report on Monday, October 22nd. Wedbush raised shares of VF from a “neutral” rating to an “outperform” rating and set a $94.00 price objective on the stock in a research report on Tuesday, October 23rd. They noted that the move was a valuation call. Citigroup lowered their price objective on shares of VF from $95.00 to $92.00 and set a “neutral” rating on the stock in a research report on Monday, October 22nd. Finally, Credit Suisse Group lowered their price objective on shares of VF from $105.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $95.17.

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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.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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