Icon Advisers Inc. Co. purchased a new stake in shares of VF Corp (NYSE:VFC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,600 shares of the textile maker’s stock, valued at approximately $1,458,000.
Other hedge funds have also recently made changes to their positions in the company. XR Securities LLC acquired a new position in shares of VF during the 3rd quarter valued at about $308,000. BlackRock Inc. boosted its position in shares of VF by 9.6% during the 2nd quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock valued at $2,019,258,000 after acquiring an additional 2,179,165 shares during the last quarter. BP PLC boosted its position in shares of VF by 3.8% during the 3rd quarter. BP PLC now owns 40,500 shares of the textile maker’s stock valued at $3,784,000 after acquiring an additional 1,500 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of VF during the 2nd quarter valued at about $152,000. Finally, Tyers Asset Management LLC boosted its position in shares of VF by 7.9% during the 2nd quarter. Tyers Asset Management LLC now owns 8,382 shares of the textile maker’s stock valued at $683,000 after acquiring an additional 616 shares during the last quarter.
Shares of NYSE:VFC opened at $86.61 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.54. The stock has a market cap of $33.91 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 2.05 and a beta of 1.01. VF Corp has a 1 year low of $69.07 and a 1 year high of $97.00.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, December 7th. This is a positive change from VF’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.36%. VF’s dividend payout ratio is 61.74%.
In other VF news, Director Richard Carucci purchased 5,000 shares of the business’s stock in a transaction on Wednesday, October 24th. The shares were bought at an average cost of $78.65 per share, for a total transaction of $393,250.00. Following the completion of the purchase, the director now directly owns 48,190 shares of the company’s stock, valued at $3,790,143.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Bryan H. Mcneill sold 25,232 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $92.45, for a total transaction of $2,332,698.40. Following the sale, the vice president now owns 5,122 shares in the company, valued at $473,528.90. The disclosure for this sale can be found here. Insiders have sold 128,533 shares of company stock worth $11,932,040 over the last quarter. Insiders own 1.72% of the company’s stock.
A number of research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of VF to $88.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 23rd. Canaccord Genuity set a $108.00 target price on shares of VF and gave the company a “buy” rating in a research report on Monday, October 22nd. Wedbush raised shares of VF from a “neutral” rating to an “outperform” rating and set a $94.00 target price on the stock in a research report on Tuesday, October 23rd. They noted that the move was a valuation call. Citigroup decreased their target price on shares of VF from $95.00 to $92.00 and set a “neutral” rating on the stock in a research report on Monday, October 22nd. Finally, Credit Suisse Group decreased their target price on shares of VF from $105.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $95.17.
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V.F. Corporation engages in the design, production, 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 four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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