Bokf Na reduced its holdings in V.F. Co. (NYSE:VFC – Free Report) by 51.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,786 shares of the textile maker’s stock after selling 15,599 shares during the period. Bokf Na’s holdings in V.F. were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pitcairn Co. purchased a new position in shares of V.F. in the 4th quarter worth $220,000. Arizona State Retirement System boosted its stake in shares of V.F. by 4.2% during the 4th quarter. Arizona State Retirement System now owns 93,471 shares of the textile maker’s stock worth $2,581,000 after purchasing an additional 3,748 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of V.F. by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,577,730 shares of the textile maker’s stock worth $226,994,000 after purchasing an additional 968,595 shares during the period. Wealthfront Advisers LLC boosted its stake in shares of V.F. by 77.2% during the 1st quarter. Wealthfront Advisers LLC now owns 232,474 shares of the textile maker’s stock worth $5,326,000 after purchasing an additional 101,279 shares during the period. Finally, Community Bank of Raymore purchased a new position in shares of V.F. during the 1st quarter worth about $933,000. 80.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on VFC shares. 888 reaffirmed a “maintains” rating on shares of V.F. in a research note on Monday, May 22nd. BMO Capital Markets dropped their price target on shares of V.F. from $25.00 to $22.00 and set a “market perform” rating for the company in a research note on Wednesday, August 2nd. Robert W. Baird dropped their price target on shares of V.F. from $24.00 to $22.00 in a research note on Wednesday, May 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of V.F. from $33.00 to $26.00 in a report on Wednesday, May 24th. Finally, Barclays decreased their price objective on shares of V.F. from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.06.
V.F. Trading Up 3.5 %
NYSE VFC opened at $20.46 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.37 and a debt-to-equity ratio of 2.11. The firm has a market cap of $7.96 billion, a PE ratio of 68.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. The company has a 50 day moving average price of $19.45 and a 200 day moving average price of $20.84. V.F. Co. has a 52 week low of $16.77 and a 52 week high of $44.82.
V.F. (NYSE:VFC – Get Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. V.F. had a return on equity of 24.13% and a net margin of 1.02%. The company’s revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. As a group, sell-side analysts forecast that V.F. Co. will post 2.06 EPS for the current fiscal year.
V.F. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Monday, September 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, September 8th. This represents a $1.20 annualized dividend and a dividend yield of 5.87%. V.F.’s dividend payout ratio (DPR) is presently 400.00%.
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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