NEXT Financial Group Inc Acquires 468 Shares of VF Corp (NYSE:VFC)

NEXT Financial Group Inc raised its holdings in shares of VF Corp (NYSE:VFC) by 20.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,781 shares of the textile maker’s stock after buying an additional 468 shares during the period. NEXT Financial Group Inc’s holdings in VF were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM Advisors LLC grew its stake in shares of VF by 8.1% in the second quarter. CWM Advisors LLC now owns 5,790 shares of the textile maker’s stock valued at $506,000 after buying an additional 432 shares in the last quarter. Gradient Investments LLC lifted its holdings in VF by 13.3% during the 2nd quarter. Gradient Investments LLC now owns 108,614 shares of the textile maker’s stock valued at $9,487,000 after purchasing an additional 12,743 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in VF by 13.4% during the 2nd quarter. IFM Investors Pty Ltd now owns 23,759 shares of the textile maker’s stock valued at $2,075,000 after purchasing an additional 2,801 shares during the last quarter. Cullinan Associates Inc. lifted its holdings in VF by 3.4% during the 2nd quarter. Cullinan Associates Inc. now owns 12,000 shares of the textile maker’s stock valued at $1,048,000 after purchasing an additional 400 shares during the last quarter. Finally, JGP Wealth Management LLC lifted its holdings in VF by 1.6% during the 2nd quarter. JGP Wealth Management LLC now owns 37,922 shares of the textile maker’s stock valued at $3,312,000 after purchasing an additional 614 shares during the last quarter.

In other news, CFO Scott A. Roe sold 10,000 shares of VF stock in a transaction on Monday, July 29th. The stock was sold at an average price of $88.39, for a total transaction of $883,900.00. Following the completion of the sale, the chief financial officer now owns 98,198 shares of the company’s stock, valued at $8,679,721.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is currently owned by company insiders.

Shares of VFC traded down $2.15 during midday trading on Monday, reaching $80.63. 19,233 shares of the stock were exchanged, compared to its average volume of 1,678,143. VF Corp has a twelve month low of $67.18 and a twelve month high of $97.00. The company has a current ratio of 2.04, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $32.88 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.32 and a beta of 1.15. The firm has a 50 day moving average of $87.60.

VF (NYSE:VFC) last posted its earnings results on Wednesday, July 24th. The textile maker reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. VF had a return on equity of 34.52% and a net margin of 8.62%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Research analysts expect that VF Corp will post 3.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Monday, September 9th. VF’s dividend payout ratio is currently 53.97%.

Several equities research analysts have issued reports on the company. Canaccord Genuity set a $105.00 price target on VF and gave the company a “buy” rating in a report on Thursday, May 23rd. TheStreet downgraded VF from a “b+” rating to a “c” rating in a report on Wednesday, July 24th. Cowen raised their price target on VF from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, June 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $106.00 price target (up previously from $104.00) on shares of VF in a report on Thursday, July 25th. Finally, Wedbush reaffirmed an “outperform” rating and set a $98.00 price target on shares of VF in a report on Thursday, May 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. VF currently has an average rating of “Buy” and a consensus price target of $93.69.

VF 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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Institutional Ownership by Quarter for VF (NYSE:VFC)

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