Czech National Bank Acquires New Position in V.F. Co. (NYSE:VFC)

Czech National Bank acquired a new stake in shares of V.F. Co. (NYSE:VFCGet Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,367 shares of the textile maker’s stock, valued at approximately $1,148,000.

A number of other large investors also recently modified their holdings of the company. Cambiar Investors LLC raised its holdings in shares of V.F. by 29.2% during the 3rd quarter. Cambiar Investors LLC now owns 179,972 shares of the textile maker’s stock valued at $5,383,000 after buying an additional 40,718 shares in the last quarter. IFG Advisory LLC purchased a new position in V.F. in the 3rd quarter worth approximately $439,000. Comerica Bank increased its stake in V.F. by 11.4% in the 3rd quarter. Comerica Bank now owns 152,736 shares of the textile maker’s stock worth $4,255,000 after purchasing an additional 15,632 shares during the period. Securian Asset Management Inc. increased its stake in V.F. by 3.1% in the 3rd quarter. Securian Asset Management Inc. now owns 26,876 shares of the textile maker’s stock worth $804,000 after purchasing an additional 806 shares during the period. Finally, Asset Dedication LLC purchased a new position in V.F. in the 3rd quarter worth approximately $596,000. 96.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other V.F. news, Director Mark Samuel Hoplamazian purchased 17,500 shares of the stock in a transaction dated Friday, December 9th. The shares were purchased at an average cost of $28.04 per share, with a total value of $490,700.00. Following the completion of the acquisition, the director now directly owns 28,655 shares in the company, valued at approximately $803,486.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Benno O. Dorer bought 10,000 shares of the stock in a transaction on Tuesday, December 13th. The shares were bought at an average price of $28.50 per share, with a total value of $285,000.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at $285,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Samuel Hoplamazian bought 17,500 shares of the stock in a transaction on Friday, December 9th. The stock was purchased at an average cost of $28.04 per share, for a total transaction of $490,700.00. Following the acquisition, the director now owns 28,655 shares of the company’s stock, valued at approximately $803,486.20. The disclosure for this purchase can be found here. Corporate insiders own 0.90% of the company’s stock.

V.F. Trading Up 1.2 %

V.F. stock opened at $31.13 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.55 and a debt-to-equity ratio of 1.14. The business’s fifty day simple moving average is $29.71 and its two-hundred day simple moving average is $35.96. V.F. Co. has a 12 month low of $25.05 and a 12 month high of $72.31. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 4.68 and a beta of 1.40.

V.F. (NYSE:VFCGet Rating) last released its earnings results on Wednesday, October 26th. The textile maker reported $0.73 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.01). V.F. had a return on equity of 29.99% and a net margin of 3.60%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.10 billion. As a group, equities analysts predict that V.F. Co. will post 2.1 earnings per share for the current fiscal year.

V.F. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Monday, December 12th were issued a dividend of $0.51 per share. This is an increase from V.F.’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend was Friday, December 9th. V.F.’s dividend payout ratio is presently 188.89%.

Analysts Set New Price Targets

A number of equities analysts have commented on VFC shares. Citigroup decreased their price target on V.F. from $47.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, September 29th. Stifel Nicolaus decreased their price target on V.F. from $43.00 to $35.00 in a research note on Thursday, September 29th. JPMorgan Chase & Co. decreased their price target on V.F. from $29.00 to $27.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 29th. Credit Suisse Group lowered V.F. from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $28.00 in a research report on Monday, December 5th. Finally, BMO Capital Markets cut their price objective on V.F. from $33.00 to $29.00 and set a “market perform” rating on the stock in a research report on Thursday, October 27th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.05.

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.

See Also

Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for V.F. Co. (NYSE:VFCGet Rating).

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

Receive News & Ratings for V.F. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V.F. and related companies with MarketBeat.com's FREE daily email newsletter.