QCI Asset Management Inc. NY increased its holdings in shares of VF Corp (NYSE:VFC) by 36.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,253 shares of the textile maker’s stock after purchasing an additional 603 shares during the quarter. QCI Asset Management Inc. NY’s holdings in VF were worth $211,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Unigestion Holding SA increased its holdings in VF by 245.3% in the 3rd quarter. Unigestion Holding SA now owns 121,552 shares of the textile maker’s stock valued at $11,359,000 after buying an additional 86,352 shares during the period. Dupont Capital Management Corp increased its stake in shares of VF by 377.8% in the 3rd quarter. Dupont Capital Management Corp now owns 14,206 shares of the textile maker’s stock valued at $1,328,000 after acquiring an additional 11,233 shares in the last quarter. Dividend Assets Capital LLC increased its stake in shares of VF by 18.4% in the 3rd quarter. Dividend Assets Capital LLC now owns 32,851 shares of the textile maker’s stock valued at $3,070,000 after acquiring an additional 5,101 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of VF in the 3rd quarter valued at $1,458,000. Finally, Icon Advisers Inc. Co. bought a new stake in shares of VF in the 3rd quarter valued at $1,458,000. Institutional investors and hedge funds own 83.61% of the company’s stock.
NYSE VFC traded up $1.74 on Monday, reaching $83.03. 2,552,200 shares of the company’s stock traded hands, compared to its average volume of 2,430,596. The stock has a market capitalization of $32.26 billion, a P/E ratio of 27.86, a PEG ratio of 1.95 and a beta of 0.98. VF Corp has a 12 month low of $70.34 and a 12 month high of $97.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 0.90.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 10th will be paid a $0.51 dividend. This is a positive change from VF’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, December 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.46%. VF’s dividend payout ratio (DPR) is presently 61.74%.
VFC has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of VF from $95.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, October 22nd. Royal Bank of Canada reduced 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. Credit Suisse Group reduced their target price on shares of VF from $105.00 to $98.00 and set an “outperform” rating for the company in a research note on Monday, October 22nd. Wedbush initiated coverage on shares of VF in a report on Monday, October 15th. They issued a “neutral” rating and a $94.00 price target on the stock. They noted that the move was a valuation call. Finally, Bank of America set a $105.00 price target on shares of VF and gave the stock a “buy” rating in a report on Thursday, September 13th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. VF currently has a consensus rating of “Buy” and a consensus target price of $95.17.
In other VF news, Director Richard Carucci purchased 5,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,790,143.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.72% of the company’s stock.
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.
See Also: Cost of Equity For A Business, Investors
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