DnB Asset Management AS Boosts Holdings in V.F. Co. (NYSE:VFC)

DnB Asset Management AS raised its holdings in V.F. Co. (NYSE:VFCGet Rating) by 0.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 73,714 shares of the textile maker’s stock after acquiring an additional 400 shares during the period. DnB Asset Management AS’s holdings in V.F. were worth $3,256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VFC. Rafferty Asset Management LLC acquired a new position in shares of V.F. in the 4th quarter valued at about $249,000. Private Advisor Group LLC lifted its stake in shares of V.F. by 14.6% in the 4th quarter. Private Advisor Group LLC now owns 17,851 shares of the textile maker’s stock valued at $1,307,000 after purchasing an additional 2,271 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of V.F. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 5,937,313 shares of the textile maker’s stock valued at $433,744,000 after purchasing an additional 193,846 shares in the last quarter. American International Group Inc. lifted its stake in shares of V.F. by 6.0% in the 4th quarter. American International Group Inc. now owns 120,127 shares of the textile maker’s stock valued at $8,796,000 after purchasing an additional 6,846 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in shares of V.F. by 5.2% in the 4th quarter. Hilltop Holdings Inc. now owns 12,015 shares of the textile maker’s stock valued at $880,000 after purchasing an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 87.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on VFC. Telsey Advisory Group reduced their price target on V.F. from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft reduced their price target on V.F. from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. StockNews.com lowered V.F. from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. Cowen lowered V.F. from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $52.00 to $50.00 in a research report on Monday, August 22nd. Finally, JPMorgan Chase & Co. cut their target price on V.F. from $47.00 to $44.00 in a research report on Friday, September 16th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, V.F. has a consensus rating of “Hold” and a consensus target price of $57.44.

V.F. Price Performance

Shares of NYSE VFC opened at $38.39 on Wednesday. V.F. Co. has a twelve month low of $38.06 and a twelve month high of $78.91. The company has a current ratio of 1.33, a quick ratio of 0.66 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35. The business has a 50 day simple moving average of $44.41 and a 200-day simple moving average of $48.69.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Monday, September 12th were issued a $0.50 dividend. The ex-dividend date was Friday, September 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.21%. V.F.’s dividend payout ratio (DPR) is 77.82%.

Insider Activity

In other news, Director Richard Carucci purchased 10,000 shares of the stock in a transaction dated Friday, August 26th. The stock was acquired at an average cost of $41.44 per share, for a total transaction of $414,400.00. Following the acquisition, the director now owns 115,528 shares of the company’s stock, valued at $4,787,480.32. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Richard Carucci acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average cost of $41.44 per share, for a total transaction of $414,400.00. Following the purchase, the director now directly owns 115,528 shares in the company, valued at $4,787,480.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Rodney Mcmullen acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were bought at an average price of $44.76 per share, with a total value of $268,560.00. Following the completion of the purchase, the director now owns 34,146 shares in the company, valued at $1,528,374.96. The disclosure for this purchase can be found here. Company insiders own 0.90% of the company’s stock.

V.F. 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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