Axa increased its position in VF Corp (NYSE:VFC) by 5.2% in the third quarter, Holdings Channel reports. The fund owned 222,833 shares of the textile maker’s stock after purchasing an additional 11,100 shares during the period. Axa’s holdings in VF were worth $20,824,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VFC. Charles Schwab Investment Advisory Inc. purchased a new position in VF in the 2nd quarter worth approximately $352,007,000. Waddell & Reed Financial Inc. raised its holdings in VF by 1,233.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 3,008,805 shares of the textile maker’s stock worth $245,278,000 after acquiring an additional 2,783,208 shares during the last quarter. BlackRock Inc. raised its holdings in VF by 9.6% in the 2nd quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock worth $2,019,258,000 after acquiring an additional 2,179,165 shares during the last quarter. FMR LLC raised its holdings in VF by 106.9% in the 2nd quarter. FMR LLC now owns 3,466,116 shares of the textile maker’s stock worth $282,557,000 after acquiring an additional 1,790,625 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in VF by 89.6% in the 2nd quarter. Janus Henderson Group PLC now owns 3,479,346 shares of the textile maker’s stock worth $283,640,000 after acquiring an additional 1,644,062 shares during the last quarter. Institutional investors own 83.48% of the company’s stock.
Shares of VFC opened at $79.51 on Friday. The firm has a market cap of $31.15 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 1.89 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. VF Corp has a 1-year low of $70.34 and a 1-year high of $97.00.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Monday, December 10th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.57%. This is a positive change from VF’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 7th. VF’s dividend payout ratio is 61.74%.
VFC has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on shares of VF from $95.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, October 22nd. Credit Suisse Group decreased their price objective on shares of VF from $105.00 to $98.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Royal Bank of Canada decreased their target price on shares of VF to $88.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. Wedbush initiated coverage on shares of VF in a research note on Monday, October 15th. They set a “neutral” rating and a $94.00 target price for the company. They noted that the move was a valuation call. Finally, Bank of America set a $105.00 target price on shares of VF and gave the company a “buy” rating in a research note on Thursday, September 13th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $95.17.
In other news, VP Kevin Bailey sold 4,400 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $91.95, for a total value of $404,580.00. Following the completion of the sale, the vice president now directly owns 28,861 shares in the company, valued at approximately $2,653,768.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Carucci acquired 5,000 shares of VF stock in a transaction dated Wednesday, October 24th. The stock was bought at an average price of $78.65 per share, with a total value of $393,250.00. Following the completion of the purchase, the director now directly owns 48,190 shares in the company, valued at $3,790,143.50. The disclosure for this purchase can be found here. Corporate insiders own 1.72% of the company’s stock.
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VF Company Profile
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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