KBC Group NV Boosts Position in V.F. Co. (NYSE:VFC)

KBC Group NV raised its stake in V.F. Co. (NYSE:VFCFree Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,273 shares of the textile maker’s stock after purchasing an additional 6,015 shares during the period. KBC Group NV owned 0.05% of V.F. worth $3,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Campbell & CO Investment Adviser LLC acquired a new stake in shares of V.F. during the fourth quarter worth about $529,000. Bank of Nova Scotia acquired a new position in V.F. during the fourth quarter worth approximately $327,000. Treasurer of the State of North Carolina lifted its stake in V.F. by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 155,047 shares of the textile maker’s stock valued at $2,915,000 after buying an additional 1,510 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of V.F. by 4.9% in the fourth quarter. TD Asset Management Inc now owns 98,232 shares of the textile maker’s stock valued at $1,847,000 after acquiring an additional 4,611 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of V.F. during the fourth quarter worth approximately $1,518,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VFC. Robert W. Baird decreased their price target on shares of V.F. from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. UBS Group lowered their price target on V.F. from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Wedbush reduced their price objective on V.F. from $15.50 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, May 21st. Citigroup decreased their price objective on V.F. from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, May 23rd. Finally, Barclays dropped their target price on V.F. from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, V.F. presently has an average rating of “Hold” and a consensus price target of $13.06.

Read Our Latest Stock Report on V.F.

V.F. Price Performance

Shares of VFC opened at $13.57 on Friday. V.F. Co. has a twelve month low of $11.00 and a twelve month high of $21.17. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22. The firm’s 50-day moving average is $12.94 and its two-hundred day moving average is $15.43.

V.F. (NYSE:VFCGet Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.34). The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. V.F.’s revenue was down 13.4% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS. As a group, sell-side analysts expect that V.F. Co. will post 0.89 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, June 10th. V.F.’s dividend payout ratio is currently -14.40%.

About V.F.

(Free Report)

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories 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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