Sumitomo Mitsui Trust Holdings Inc. decreased its position in VF Corp (NYSE:VFC) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,348,301 shares of the textile maker’s stock after selling 74,915 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.34% of VF worth $117,774,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. First Citizens Bank & Trust Co. grew its position in shares of VF by 0.5% during the first quarter. First Citizens Bank & Trust Co. now owns 22,621 shares of the textile maker’s stock worth $1,966,000 after buying an additional 116 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of VF by 2.2% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,771 shares of the textile maker’s stock worth $504,000 after buying an additional 125 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in shares of VF by 31.5% during the second quarter. Flagship Harbor Advisors LLC now owns 547 shares of the textile maker’s stock worth $47,000 after buying an additional 131 shares in the last quarter. Camelot Portfolios LLC grew its position in shares of VF by 4.9% during the second quarter. Camelot Portfolios LLC now owns 2,815 shares of the textile maker’s stock worth $246,000 after buying an additional 132 shares in the last quarter. Finally, Covenant Multifamily Offices LLC grew its position in shares of VF by 2.6% during the first quarter. Covenant Multifamily Offices LLC now owns 5,805 shares of the textile maker’s stock worth $505,000 after buying an additional 145 shares in the last quarter.
VF stock traded down $1.31 during mid-day trading on Friday, reaching $82.34. The company’s stock had a trading volume of 40,671 shares, compared to its average volume of 1,810,988. The company has a market capitalization of $33.06 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.29 and a beta of 1.15. The firm’s 50 day moving average is $86.92. The company has a current ratio of 2.04, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. VF Corp has a twelve month low of $67.18 and a twelve month high of $97.00.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 10th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Monday, September 9th. VF’s payout ratio is 53.97%.
A number of research firms have recently weighed in on VFC. TheStreet downgraded shares of VF from a “b+” rating to a “c” rating in a research report on Wednesday, July 24th. Wedbush reissued an “outperform” rating and set a $98.00 price target on shares of VF in a research report on Thursday, May 23rd. Goldman Sachs Group started coverage on shares of VF in a research report on Friday, May 17th. They set a “buy” rating and a $97.00 price target for the company. Guggenheim reaffirmed a “buy” rating and issued a $95.00 price objective (up previously from $90.00) on shares of VF in a report on Thursday, May 23rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $106.00 price objective (up previously from $104.00) on shares of VF in a report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $93.69.
In other VF news, CFO Scott A. Roe sold 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $88.39, for a total value of $883,900.00. Following the sale, the chief financial officer now directly owns 98,198 shares in the company, valued at $8,679,721.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.74% of the company’s stock.
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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