QS Investors LLC Has $255,000 Position in VF Corp (VFC)

QS Investors LLC lessened its stake in shares of VF Corp (NYSE:VFC) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,563 shares of the textile maker’s stock after selling 419 shares during the quarter. QS Investors LLC’s holdings in VF were worth $255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VFC. JPMorgan Chase & Co. raised its stake in shares of VF by 34.1% during the third quarter. JPMorgan Chase & Co. now owns 2,492,449 shares of the textile maker’s stock worth $232,921,000 after purchasing an additional 633,850 shares during the last quarter. MML Investors Services LLC raised its stake in shares of VF by 27.3% during the third quarter. MML Investors Services LLC now owns 6,887 shares of the textile maker’s stock worth $644,000 after purchasing an additional 1,476 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of VF during the third quarter worth approximately $529,000. Bank of New York Mellon Corp raised its stake in shares of VF by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 2,755,095 shares of the textile maker’s stock worth $257,464,000 after purchasing an additional 18,313 shares during the last quarter. Finally, CI Investments Inc. raised its stake in shares of VF by 0.8% during the third quarter. CI Investments Inc. now owns 351,808 shares of the textile maker’s stock worth $32,876,000 after purchasing an additional 2,906 shares during the last quarter.

VF stock traded up $0.49 during trading hours on Monday, hitting $91.20. The stock had a trading volume of 1,365,260 shares, compared to its average volume of 2,040,559. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.80. The firm has a market capitalization of $36.00 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.13. VF Corp has a 1-year low of $67.18 and a 1-year high of $97.00.

VF (NYSE:VFC) last posted its earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.21. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.87 billion. VF had a return on equity of 38.84% and a net margin of 10.11%. VF’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. As a group, sell-side analysts forecast that VF Corp will post 3.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, March 8th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, March 7th. VF’s payout ratio is currently 68.46%.

Several equities research analysts have recently commented on VFC shares. Credit Suisse Group restated a “positive” rating on shares of VF in a research note on Wednesday, January 16th. ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Deutsche Bank cut VF from a “buy” rating to a “hold” rating and cut their price objective for the stock from $104.00 to $76.00 in a research report on Friday, January 11th. Pivotal Research reiterated a “hold” rating and issued a $78.00 price objective (down previously from $85.00) on shares of VF in a research report on Wednesday, January 16th. Finally, Wells Fargo & Co cut their price objective on VF from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, January 2nd. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $92.14.

In related news, VP Scott H. Baxter sold 51,911 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $84.25, for a total transaction of $4,373,501.75. Following the sale, the vice president now owns 201,972 shares of the company’s stock, valued at $17,016,141. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Steven E. Rendle sold 65,988 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $85.91, for a total value of $5,669,029.08. Following the sale, the chairman now directly owns 236,514 shares in the company, valued at approximately $20,318,917.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 229,267 shares of company stock worth $19,577,926. Corporate insiders own 1.72% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “QS Investors LLC Has $255,000 Position in VF Corp (VFC)” was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.baseballdailydigest.com/news/2019/04/15/vf-corp-vfc-shares-sold-by-qs-investors-llc.html.

About VF

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.

Featured Article: The risks of owning bonds

Institutional Ownership by Quarter for VF (NYSE:VFC)

Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.