V.F. Co. (NYSE:VFC) Holdings Lowered by LPL Financial LLC

LPL Financial LLC trimmed its stake in shares of V.F. Co. (NYSE:VFC) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,075 shares of the textile maker’s stock after selling 12,852 shares during the quarter. LPL Financial LLC owned about 0.05% of V.F. worth $4,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of V.F. by 65.3% in the 1st quarter. American Century Companies Inc. now owns 31,193 shares of the textile maker’s stock worth $1,773,000 after purchasing an additional 12,328 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of V.F. by 98.9% in the 1st quarter. Panagora Asset Management Inc. now owns 28,234 shares of the textile maker’s stock worth $1,605,000 after purchasing an additional 14,036 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of V.F. by 5.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,190 shares of the textile maker’s stock worth $2,456,000 after purchasing an additional 2,270 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of V.F. by 13.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,567,185 shares of the textile maker’s stock worth $89,124,000 after purchasing an additional 187,008 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of V.F. by 6.0% in the 1st quarter. Vontobel Holding Ltd. now owns 13,192 shares of the textile maker’s stock worth $771,000 after purchasing an additional 751 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors.

V.F. Price Performance

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 stock has a market capitalization 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 two-hundred day moving average price of $20.84. V.F. Co. has a 12-month low of $16.77 and a 12-month high of $44.82.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Tuesday, August 1st. The textile maker reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). V.F. had a return on equity of 24.13% and a net margin of 1.02%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. V.F.’s quarterly revenue was down 7.8% compared to the same quarter last year. As a group, equities analysts predict that V.F. Co. will post 2.06 earnings per share for the current fiscal year.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Monday, September 11th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is Friday, September 8th. V.F.’s payout ratio is 400.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on VFC. Deutsche Bank Aktiengesellschaft dropped their target price on shares of V.F. from $33.00 to $26.00 in a report on Wednesday, May 24th. Robert W. Baird dropped their target price on shares of V.F. from $24.00 to $22.00 in a research report on Wednesday, May 24th. Barclays dropped their target price on shares of V.F. from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 2nd. Wedbush reissued a “neutral” rating and issued a $21.00 target price on shares of V.F. in a research report on Tuesday, August 29th. Finally, BMO Capital Markets dropped their target price on shares of V.F. from $25.00 to $22.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.06.

V.F. Company Profile

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.