Kestra Private Wealth Services LLC Boosts Stake in V.F. Co. (NYSE:VFC)

Kestra Private Wealth Services LLC grew its stake in shares of V.F. Co. (NYSE:VFCGet Rating) by 16.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,827 shares of the textile maker’s stock after buying an additional 3,735 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in V.F. were worth $1,469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of V.F. by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 40,200,890 shares of the textile maker’s stock valued at $2,285,822,000 after buying an additional 5,626,337 shares in the last quarter. Capital International Investors grew its holdings in shares of V.F. by 27.7% during the 1st quarter. Capital International Investors now owns 27,762,574 shares of the textile maker’s stock valued at $1,578,614,000 after purchasing an additional 6,021,816 shares during the last quarter. BlackRock Inc. grew its holdings in shares of V.F. by 3.3% during the 1st quarter. BlackRock Inc. now owns 25,013,522 shares of the textile maker’s stock valued at $1,422,270,000 after purchasing an additional 793,581 shares during the last quarter. State Street Corp grew its holdings in shares of V.F. by 0.9% during the 1st quarter. State Street Corp now owns 18,079,811 shares of the textile maker’s stock valued at $1,028,018,000 after purchasing an additional 161,526 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of V.F. by 29.2% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 7,628,798 shares of the textile maker’s stock valued at $433,773,000 after purchasing an additional 1,723,365 shares during the last quarter. Hedge funds and other institutional investors own 87.01% of the company’s stock.

V.F. Trading Down 1.9 %

Shares of NYSE VFC opened at $39.80 on Friday. V.F. Co. has a 1 year low of $39.44 and a 1 year high of $78.91. The stock has a market cap of $15.46 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.35. The firm has a 50-day moving average of $44.61 and a 200 day moving average of $49.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.33 and a quick ratio of 0.66.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Monday, September 12th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.03%. V.F.’s dividend payout ratio (DPR) is currently 77.82%.

Analysts Set New Price Targets

Several equities analysts recently commented on VFC shares. The Goldman Sachs Group reduced their target price on shares of V.F. from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday, July 21st. Wells Fargo & Company reduced their target price on shares of V.F. to $50.00 and set an “equal weight” rating on the stock in a report on Friday, May 20th. Stifel Nicolaus increased their target price on shares of V.F. from $42.00 to $43.00 in a report on Wednesday, July 20th. Credit Suisse Group cut their price target on shares of V.F. from $81.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, May 20th. Finally, Barclays cut their price target on shares of V.F. to $46.00 in a report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, V.F. currently has an average rating of “Hold” and a consensus price target of $57.44.

Insider Activity at V.F.

In other news, Director W Rodney Mcmullen bought 6,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average cost of $44.76 per share, with a total value of $268,560.00. Following the completion of the acquisition, the director now owns 34,146 shares of the company’s stock, valued at $1,528,374.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Richard Carucci bought 10,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was acquired at an average cost of $41.44 per share, with a total value of $414,400.00. Following the completion of the acquisition, the director now owns 115,528 shares of the company’s stock, valued at $4,787,480.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Rodney Mcmullen bought 6,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was purchased at an average cost of $44.76 per share, with a total value of $268,560.00. Following the completion of the acquisition, the director now directly owns 34,146 shares of the company’s stock, valued at approximately $1,528,374.96. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by corporate insiders.

About V.F.

(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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