Securian Asset Management Inc raised its position in shares of VF Corp (NYSE:VFC) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,686 shares of the textile maker’s stock after buying an additional 558 shares during the period. Securian Asset Management Inc’s holdings in VF were worth $2,403,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC boosted its holdings in VF by 99.1% in the fourth quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 219 shares during the period. Sonora Investment Management LLC boosted its holdings in VF by 69.5% in the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 182 shares during the period. Bell Rock Capital LLC boosted its holdings in VF by 433.8% in the fourth quarter. Bell Rock Capital LLC now owns 806 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 655 shares during the period. Truewealth LLC boosted its holdings in VF by 11,863.6% in the fourth quarter. Truewealth LLC now owns 1,316 shares of the textile maker’s stock valued at $94,000 after purchasing an additional 1,305 shares during the period. Finally, IMS Capital Management purchased a new position in VF in the third quarter valued at $116,000.
VFC opened at $85.78 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.80. VF Corp has a one year low of $67.18 and a one year high of $97.00. The stock has a market cap of $33.94 billion, a PE ratio of 22.34, a PEG ratio of 2.02 and a beta of 1.11.
VF (NYSE:VFC) last posted its earnings results on Friday, January 18th. The textile maker reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.21. VF had a return on equity of 38.84% and a net margin of 10.11%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that VF Corp will post 3.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 8th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, March 7th. VF’s dividend payout ratio (DPR) is currently 68.46%.
In other news, Director W Alan Mccollough sold 12,552 shares of VF stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $83.20, for a total transaction of $1,044,326.40. Following the sale, the director now owns 27,742 shares in the company, valued at $2,308,134.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.72% of the stock is currently owned by insiders.
A number of research analysts recently issued reports on the company. Wells Fargo & Co decreased their target price on VF from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, January 2nd. Guggenheim reiterated a “buy” rating and issued a $90.00 target price on shares of VF in a report on Friday, January 18th. Wedbush assumed coverage on VF in a report on Monday, October 15th. They issued a “neutral” rating and a $94.00 target price for the company. They noted that the move was a valuation call. Credit Suisse Group reiterated a “positive” rating on shares of VF in a report on Wednesday, January 16th. Finally, Piper Jaffray Companies set a $93.00 target price on VF and gave the company a “buy” rating in a report on Friday, January 18th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. VF has an average rating of “Buy” and an average target price of $91.91.
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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