Norris Perne & French LLP MI lowered its holdings in shares of V.F. Corporation (NYSE:VFC) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,943 shares of the textile maker’s stock after selling 4,974 shares during the quarter. V.F. Corporation accounts for about 1.6% of Norris Perne & French LLP MI’s portfolio, making the stock its 20th biggest position. Norris Perne & French LLP MI’s holdings in V.F. Corporation were worth $10,168,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Merchants Corp raised its position in shares of V.F. Corporation by 8.1% during the third quarter. First Merchants Corp now owns 69,631 shares of the textile maker’s stock worth $4,425,000 after purchasing an additional 5,201 shares during the period. WASHINGTON TRUST Co acquired a new stake in shares of V.F. Corporation during the third quarter worth about $210,000. Bbva Compass Bancshares Inc. raised its position in shares of V.F. Corporation by 7.4% during the third quarter. Bbva Compass Bancshares Inc. now owns 53,684 shares of the textile maker’s stock worth $3,413,000 after purchasing an additional 3,717 shares during the period. Canada Pension Plan Investment Board raised its position in shares of V.F. Corporation by 196.8% during the third quarter. Canada Pension Plan Investment Board now owns 118,090 shares of the textile maker’s stock worth $7,507,000 after purchasing an additional 78,297 shares during the period. Finally, Leavell Investment Management Inc. raised its position in shares of V.F. Corporation by 14.9% during the third quarter. Leavell Investment Management Inc. now owns 11,756 shares of the textile maker’s stock worth $747,000 after purchasing an additional 1,525 shares during the period.
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Shares of V.F. Corporation (NYSE:VFC) traded down $0.12 during midday trading on Monday, hitting $69.35. The stock had a trading volume of 361,330 shares, compared to its average volume of 2,679,492. The company has a market cap of $27,451.01, a P/E ratio of 22.85, a P/E/G ratio of 2.35 and a beta of 0.79. V.F. Corporation has a one year low of $48.05 and a one year high of $71.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 0.97.
V.F. Corporation (NYSE:VFC) last announced its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.11. The business had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.40 billion. V.F. Corporation had a return on equity of 29.22% and a net margin of 8.24%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. equities analysts predict that V.F. Corporation will post 3.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, December 8th will be paid a $0.46 dividend. This is a boost from V.F. Corporation’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, December 7th. This represents a $1.84 annualized dividend and a dividend yield of 2.65%. V.F. Corporation’s payout ratio is presently 70.89%.
VFC has been the topic of a number of research analyst reports. TheStreet raised V.F. Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, July 13th. Macquarie reaffirmed an “outperform” rating and set a $70.00 price target (up previously from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. Buckingham Research raised their price target on V.F. Corporation from $62.00 to $69.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 24th. Canaccord Genuity set a $81.00 price target on V.F. Corporation and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Bank of America Corporation reissued an “underperform” rating and issued a $50.00 target price (up previously from $47.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $65.45.
In related news, VP Aidan O’meara sold 29,336 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $62.54, for a total value of $1,834,673.44. Following the completion of the sale, the vice president now owns 120,680 shares of the company’s stock, valued at approximately $7,547,327.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director W Alan Mccollough sold 22,852 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $62.94, for a total value of $1,438,304.88. Following the completion of the sale, the director now directly owns 36,353 shares of the company’s stock, valued at approximately $2,288,057.82. The disclosure for this sale can be found here. In the last three months, insiders sold 551,744 shares of company stock valued at $35,605,258. 1.60% of the stock is currently owned by company insiders.
About V.F. Corporation
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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