New Mexico Educational Retirement Board decreased its position in VF Corp (NYSE:VFC) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,676 shares of the textile maker’s stock after selling 1,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in VF were worth $1,974,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of VFC. Creative Financial Designs Inc. ADV lifted its stake in VF by 4.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,190 shares of the textile maker’s stock valued at $299,000 after buying an additional 175 shares during the last quarter. Sonora Investment Management LLC raised its stake in shares of VF by 69.5% during the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 182 shares in the last quarter. First Hawaiian Bank raised its stake in shares of VF by 7.4% during the fourth quarter. First Hawaiian Bank now owns 2,850 shares of the textile maker’s stock valued at $203,000 after purchasing an additional 197 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of VF by 9.2% during the fourth quarter. Bogart Wealth LLC now owns 2,850 shares of the textile maker’s stock valued at $203,000 after purchasing an additional 240 shares in the last quarter. Finally, Landmark Bank raised its stake in shares of VF by 6.8% during the fourth quarter. Landmark Bank now owns 3,980 shares of the textile maker’s stock valued at $284,000 after purchasing an additional 254 shares in the last quarter.
A number of equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of VF from $95.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday, October 22nd. Wedbush upgraded shares of VF from a “neutral” rating to an “outperform” rating and set a $94.00 price target on the stock in a research report on Tuesday, October 23rd. They noted that the move was a valuation call. Credit Suisse Group dropped their price target 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. Guggenheim reiterated a “buy” rating and issued a $90.00 price target on shares of VF in a research report on Friday, January 18th. Finally, Piper Jaffray Companies set a $93.00 price target on shares of VF and gave the stock a “buy” rating in a research report on Friday, January 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. VF currently has a consensus rating of “Buy” and a consensus price target of $91.91.
VF (NYSE:VFC) last announced its quarterly earnings results on Friday, January 18th. The textile maker reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.21. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.87 billion. VF had a return on equity of 38.84% and a net margin of 10.11%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 EPS. As a group, equities analysts forecast that VF Corp will post 3.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, March 8th will be paid a $0.51 dividend. The ex-dividend date is Thursday, March 7th. This represents a $2.04 annualized dividend and a dividend yield of 2.36%. VF’s payout ratio is 68.46%.
In other news, VP Curtis A. Holtz sold 24,926 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $85.75, for a total transaction of $2,137,404.50. Following the completion of the transaction, the vice president now directly owns 61,433 shares in the company, valued at $5,267,879.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director W Alan Mccollough sold 12,552 shares of the business’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 value of $1,044,326.40. Following the sale, the director now owns 27,742 shares in the company, valued at $2,308,134.40. The disclosure for this sale can be found here. In the last three months, insiders sold 46,372 shares of company stock valued at $3,941,190. 1.72% of the stock is currently owned by company insiders.
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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