Keybank National Association OH Raises Stake in VF Corp (NYSE:VFC)

Keybank National Association OH increased its holdings in VF Corp (NYSE:VFC) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,374 shares of the textile maker’s stock after acquiring an additional 11,027 shares during the quarter. Keybank National Association OH’s holdings in VF were worth $14,361,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Krane Funds Advisors LLC acquired a new position in shares of VF in the 2nd quarter valued at $25,000. TRUE Private Wealth Advisors acquired a new position in shares of VF in the 2nd quarter valued at $26,000. Doyle Wealth Management acquired a new position in shares of VF in the 2nd quarter valued at $32,000. Independence Bank of Kentucky acquired a new position in shares of VF in the 3rd quarter valued at $34,000. Finally, Shine Investment Advisory Services Inc. acquired a new position in VF in the 2nd quarter valued at $35,000.

In related news, VP Curtis A. Holtz sold 40,003 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $83.25, for a total value of $3,330,249.75. Following the sale, the vice president now directly owns 64,803 shares in the company, valued at approximately $5,394,849.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin Bailey sold 21,314 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $83.14, for a total transaction of $1,772,045.96. Following the completion of the sale, the vice president now owns 71,241 shares in the company, valued at $5,922,976.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,021 shares of company stock worth $7,194,376. Corporate insiders own 0.74% of the company’s stock.

Shares of NYSE:VFC traded up $0.49 on Friday, reaching $86.90. 1,259,681 shares of the company were exchanged, compared to its average volume of 2,279,535. The company has a current ratio of 1.99, a quick ratio of 1.20 and a debt-to-equity ratio of 0.67. VF Corp has a 1-year low of $67.18 and a 1-year high of $96.20. The firm has a market cap of $34.51 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.55 and a beta of 1.17. The company has a 50-day moving average of $87.80 and a 200-day moving average of $87.11.

VF (NYSE:VFC) last posted its quarterly earnings results on Friday, October 25th. The textile maker reported $1.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.04). VF had a return on equity of 32.04% and a net margin of 10.07%. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same period last year, the company earned $1.43 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts forecast that VF Corp will post 3.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, December 9th. This is a boost from VF’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.21%. VF’s dividend payout ratio is 45.50%.

VFC has been the topic of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $106.00 price objective (up from $104.00) on shares of VF in a research note on Thursday, July 25th. Wedbush reissued an “outperform” rating and issued a $98.00 price objective on shares of VF in a research note on Friday, October 18th. Susquehanna Bancshares boosted their price objective on shares of VF from $105.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, September 27th. ValuEngine raised shares of VF from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Credit Suisse Group boosted their price objective on shares of VF from $104.00 to $116.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $97.71.

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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