39,799 Shares in V.F. Corporation $VFC Bought by Optimize Financial Inc

Optimize Financial Inc acquired a new stake in shares of V.F. Corporation (NYSE:VFCFree Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 39,799 shares of the textile maker’s stock, valued at approximately $574,000.

Other hedge funds have also recently bought and sold shares of the company. Arkadios Wealth Advisors boosted its position in V.F. by 32.8% in the third quarter. Arkadios Wealth Advisors now owns 75,555 shares of the textile maker’s stock worth $1,090,000 after purchasing an additional 18,651 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of V.F. by 115.2% during the 3rd quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock worth $1,644,000 after purchasing an additional 60,998 shares during the period. Bard Financial Services Inc. boosted its holdings in shares of V.F. by 3.1% in the 3rd quarter. Bard Financial Services Inc. now owns 33,440 shares of the textile maker’s stock worth $483,000 after buying an additional 1,000 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of V.F. by 50.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock worth $108,000 after buying an additional 2,490 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its position in V.F. by 22.0% during the third quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock valued at $8,469,000 after buying an additional 105,786 shares during the period. 86.84% of the stock is owned by hedge funds and other institutional investors.

V.F. News Roundup

Here are the key news stories impacting V.F. this week:

Analysts Set New Price Targets

Several brokerages have commented on VFC. Needham & Company LLC reaffirmed a “buy” rating on shares of V.F. in a research report on Thursday, January 8th. Stifel Nicolaus raised their price target on shares of V.F. from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Wells Fargo & Company lifted their price target on shares of V.F. from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 16th. The Goldman Sachs Group increased their price objective on V.F. from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings raised V.F. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.22.

Check Out Our Latest Stock Analysis on V.F.

V.F. Price Performance

Shares of NYSE:VFC opened at $20.90 on Wednesday. The stock has a market cap of $8.18 billion, a P/E ratio of 38.00, a P/E/G ratio of 1.45 and a beta of 1.65. V.F. Corporation has a 12 month low of $9.41 and a 12 month high of $26.69. The company has a 50 day moving average of $18.95 and a 200 day moving average of $15.88. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 1.99.

V.F. (NYSE:VFCGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The textile maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.15. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the company earned $0.62 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that V.F. Corporation will post 0.73 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Tuesday, March 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, March 10th. V.F.’s dividend payout ratio is currently 65.45%.

About V.F.

(Free Report)

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.

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

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