DNB Asset Management AS Raises Holdings in V.F. Co. (NYSE:VFC)

DNB Asset Management AS increased its position in V.F. Co. (NYSE:VFCGet Rating) by 16.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 73,314 shares of the textile maker’s stock after buying an additional 10,433 shares during the period. DNB Asset Management AS’s holdings in V.F. were worth $4,169,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in VFC. Atticus Wealth Management LLC purchased a new position in V.F. in the fourth quarter valued at about $30,000. Missouri Trust & Investment Co purchased a new position in V.F. in the fourth quarter valued at about $30,000. Moors & Cabot Inc. purchased a new position in V.F. in the third quarter valued at about $32,000. Cornerstone Advisory LLC purchased a new position in V.F. in the fourth quarter valued at about $40,000. Finally, Quent Capital LLC purchased a new position in V.F. in the fourth quarter valued at about $43,000. 88.25% of the stock is currently owned by institutional investors.

In related news, Director W Rodney Mcmullen acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, May 31st. The stock was bought at an average price of $49.99 per share, for a total transaction of $149,970.00. Following the transaction, the director now owns 28,125 shares of the company’s stock, valued at $1,405,968.75. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard Carucci acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, June 14th. The shares were bought at an average price of $45.39 per share, with a total value of $453,900.00. Following the transaction, the director now directly owns 107,493 shares in the company, valued at approximately $4,879,107.27. The disclosure for this purchase can be found here. Insiders acquired 16,000 shares of company stock valued at $740,070 over the last 90 days. 0.90% of the stock is currently owned by insiders.

Several research analysts recently commented on VFC shares. BTIG Research cut their price target on V.F. from $90.00 to $71.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. StockNews.com started coverage on V.F. in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Barclays cut their price target on V.F. from $63.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. The Goldman Sachs Group cut their price target on V.F. from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Friday, May 20th. Finally, Credit Suisse Group cut their price target on V.F. from $81.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, May 20th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, V.F. presently has an average rating of “Hold” and a consensus price target of $62.89.

Shares of NYSE VFC opened at $46.74 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.96 and a debt-to-equity ratio of 1.30. The stock has a 50 day simple moving average of $49.42 and a 200-day simple moving average of $58.64. The company has a market cap of $18.16 billion, a PE ratio of 13.24, a P/E/G ratio of 1.44 and a beta of 1.42. V.F. Co. has a 12-month low of $44.17 and a 12-month high of $84.96.

V.F. (NYSE:VFCGet Rating) last issued its quarterly earnings data on Thursday, May 19th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.83 billion. V.F. had a return on equity of 35.47% and a net margin of 11.71%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Sell-side analysts forecast that V.F. Co. will post 3.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Shareholders of record on Friday, June 10th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $2.00 dividend on an annualized basis and a yield of 4.28%. V.F.’s dividend payout ratio (DPR) is 56.66%.

V.F. Company Profile (Get Rating)

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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