TrinityPoint Wealth LLC cut its position in shares of VF Corp (NYSE:VFC) by 16.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,059 shares of the textile maker’s stock after selling 618 shares during the quarter. TrinityPoint Wealth LLC’s holdings in VF were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in VF by 24.5% in the first quarter. JPMorgan Chase & Co. now owns 2,838,671 shares of the textile maker’s stock worth $246,709,000 after acquiring an additional 558,484 shares in the last quarter. FMR LLC boosted its holdings in VF by 8.8% in the first quarter. FMR LLC now owns 6,712,773 shares of the textile maker’s stock worth $583,406,000 after acquiring an additional 543,434 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in VF in the first quarter worth $38,833,000. DekaBank Deutsche Girozentrale boosted its holdings in VF by 106.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 766,771 shares of the textile maker’s stock worth $70,090,000 after acquiring an additional 395,290 shares in the last quarter. Finally, Ellis Investment Partners LLC boosted its holdings in VF by 8,591.0% in the first quarter. Ellis Investment Partners LLC now owns 372,322 shares of the textile maker’s stock worth $372,000 after acquiring an additional 368,038 shares in the last quarter. Institutional investors own 82.85% of the company’s stock.
A number of equities analysts recently commented on the company. UBS Group dropped their price target on VF from $97.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Wedbush restated an “outperform” rating and set a $98.00 price objective on shares of VF in a research report on Thursday, May 23rd. Guggenheim restated a “buy” rating and set a $95.00 price objective (up from $90.00) on shares of VF in a research report on Thursday, May 23rd. Pivotal Research upped their price objective on VF to $95.00 in a research report on Monday, July 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $106.00 price objective (up from $104.00) on shares of VF in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $93.69.
NYSE VFC traded down $1.49 during midday trading on Friday, hitting $79.52. 11,024 shares of the company traded hands, compared to its average volume of 1,847,078. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 1.19. The company has a market cap of $32.07 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.24 and a beta of 1.15. The company’s 50-day simple moving average is $84.98 and its 200-day simple moving average is $87.21. VF Corp has a 52 week low of $67.18 and a 52 week high of $96.20.
VF (NYSE:VFC) last announced its earnings results on Wednesday, July 24th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.24 billion. VF had a return on equity of 34.52% and a net margin of 8.62%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. On average, research analysts predict that VF Corp will post 3.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 10th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $1.72 dividend on an annualized basis and a yield of 2.16%. VF’s dividend payout ratio (DPR) is 53.97%.
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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