V.F. Co. (NYSE:VFC) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its position in shares of V.F. Co. (NYSE:VFCFree Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 137,480 shares of the textile maker’s stock after acquiring an additional 1,079 shares during the quarter. Royal London Asset Management Ltd.’s holdings in V.F. were worth $2,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential PLC lifted its position in V.F. by 20.6% during the 3rd quarter. Prudential PLC now owns 23,864 shares of the textile maker’s stock worth $422,000 after acquiring an additional 4,070 shares during the period. Deutsche Bank AG lifted its position in V.F. by 11.9% during the 3rd quarter. Deutsche Bank AG now owns 1,581,532 shares of the textile maker’s stock worth $27,946,000 after acquiring an additional 168,465 shares during the period. Vanguard Group Inc. lifted its position in V.F. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker’s stock worth $728,708,000 after acquiring an additional 475,239 shares during the period. Intech Investment Management LLC purchased a new position in shares of V.F. during the 4th quarter valued at about $1,518,000. Finally, Nordea Investment Management AB raised its stake in shares of V.F. by 3.0% during the 3rd quarter. Nordea Investment Management AB now owns 27,478 shares of the textile maker’s stock valued at $486,000 after buying an additional 812 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on VFC. Wells Fargo & Company reduced their price objective on V.F. from $14.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, May 23rd. TD Cowen reduced their price objective on V.F. from $14.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, May 23rd. Citigroup cut their price target on V.F. from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. StockNews.com lowered V.F. from a “hold” rating to a “sell” rating in a research note on Monday, May 27th. Finally, Wedbush cut their price target 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. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.06.

Get Our Latest Report on VFC

V.F. Stock Up 0.1 %

Shares of V.F. stock opened at $13.58 on Monday. The stock’s 50 day simple moving average is $12.90 and its 200-day simple moving average is $15.39. V.F. Co. has a 1-year low of $11.00 and a 1-year 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.

V.F. (NYSE:VFCGet Free Report) last issued its earnings results on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.34). The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, equities analysts anticipate that V.F. Co. will post 0.85 earnings per share for the current year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend 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.

See Also

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

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