Stoneridge Investment Partners LLC bought a new stake in VF Corp (NYSE:VFC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 29,320 shares of the textile maker’s stock, valued at approximately $2,092,000.
A number of other large investors have also recently modified their holdings of VFC. FMR LLC raised its holdings in VF by 58.2% in the third quarter. FMR LLC now owns 5,482,244 shares of the textile maker’s stock valued at $512,315,000 after acquiring an additional 2,016,128 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in VF by 134,251.9% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,543,703 shares of the textile maker’s stock valued at $144,259,000 after acquiring an additional 1,542,554 shares in the last quarter. Janus Henderson Group PLC raised its holdings in VF by 19.6% in the third quarter. Janus Henderson Group PLC now owns 4,162,565 shares of the textile maker’s stock valued at $388,991,000 after acquiring an additional 683,219 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in VF by 34.1% in the third quarter. JPMorgan Chase & Co. now owns 2,492,449 shares of the textile maker’s stock valued at $232,921,000 after acquiring an additional 633,850 shares in the last quarter. Finally, Vanguard Group Inc raised its holdings in VF by 2.0% in the third quarter. Vanguard Group Inc now owns 26,944,256 shares of the textile maker’s stock valued at $2,517,940,000 after acquiring an additional 538,916 shares in the last quarter.
In other news, Director W Alan Mccollough sold 12,552 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $83.20, for a total transaction of $1,044,326.40. Following the transaction, the director now directly owns 27,742 shares in the company, valued at $2,308,134.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.72% of the company’s stock.
VF (NYSE:VFC) last announced its earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.87 billion. VF had a net margin of 10.11% and a return on equity of 38.84%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. As a group, equities research analysts forecast that VF Corp will post 3.75 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 8th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.39%. VF’s dividend payout ratio (DPR) is presently 68.46%.
Several brokerages recently weighed in on VFC. Buckingham Research reduced their target price on shares of VF from $89.00 to $86.00 and set a “neutral” rating on the stock in a report on Wednesday, October 17th. Wedbush began coverage on shares of VF in a report on Monday, October 15th. They set a “neutral” rating and a $94.00 price objective on the stock. They noted that the move was a valuation call. Pivotal Research set a $90.00 price objective on shares of VF and gave the stock a “hold” rating in a report on Monday, October 15th. Guggenheim reissued a “buy” rating and set a $90.00 price objective on shares of VF in a report on Friday, January 18th. Finally, Piper Jaffray Companies set a $93.00 price objective on shares of VF and gave the stock a “buy” rating in a report on Friday, January 18th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $91.91.
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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