VF Corp (NYSE:VFC) Shares Sold by Boston Advisors LLC

Boston Advisors LLC decreased its holdings in VF Corp (NYSE:VFC) by 2.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 117,471 shares of the textile maker’s stock after selling 3,089 shares during the quarter. Boston Advisors LLC’s holdings in VF were worth $10,454,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Montecito Bank & Trust raised its stake in VF by 9.5% during the second quarter. Montecito Bank & Trust now owns 14,909 shares of the textile maker’s stock valued at $1,302,000 after buying an additional 1,299 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in VF by 154.5% during the second quarter. Carroll Financial Associates Inc. now owns 5,082 shares of the textile maker’s stock valued at $443,000 after buying an additional 3,085 shares in the last quarter. Retirement Systems of Alabama raised its stake in VF by 0.5% during the second quarter. Retirement Systems of Alabama now owns 151,875 shares of the textile maker’s stock valued at $13,266,000 after buying an additional 821 shares in the last quarter. Zions Bancorporation N.A. raised its stake in VF by 447.9% during the second quarter. Zions Bancorporation N.A. now owns 3,605 shares of the textile maker’s stock valued at $315,000 after buying an additional 2,947 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its stake in VF by 2.2% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,771 shares of the textile maker’s stock valued at $504,000 after buying an additional 125 shares in the last quarter.

In other VF news, Director Richard Carucci acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $78.93 per share, with a total value of $157,860.00. Following the acquisition, the director now directly owns 64,731 shares of the company’s stock, valued at approximately $5,109,217.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin Bailey sold 21,314 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $83.14, for a total value of $1,772,045.96. Following the completion of the transaction, the vice president now directly owns 71,241 shares of the company’s stock, valued at $5,922,976.74. The disclosure for this sale can be found here. Insiders sold a total of 85,021 shares of company stock valued at $7,194,376 over the last three months. Corporate insiders own 0.74% of the company’s stock.

Several equities analysts have recently commented on VFC shares. TheStreet lowered VF from a “b+” rating to a “c” rating in a report on Wednesday, July 24th. Guggenheim reaffirmed a “buy” rating and set a $105.00 target price on shares of VF in a report on Friday, October 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $106.00 target price (up from $104.00) on shares of VF in a report on Thursday, July 25th. UBS Group upped their target price on VF from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Finally, ValuEngine raised VF from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $97.71.

NYSE:VFC opened at $87.07 on Monday. The firm has a market capitalization of $34.51 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.55 and a beta of 1.17. The stock has a 50 day moving average of $87.79 and a 200-day moving average of $87.07. VF Corp has a 52 week low of $67.18 and a 52 week high of $96.20. The company has a current ratio of 1.99, a quick ratio of 1.20 and a debt-to-equity ratio of 0.67.

VF (NYSE:VFC) last posted its earnings results on Friday, October 25th. The textile maker reported $1.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.04). The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.42 billion. VF had a net margin of 10.07% and a return on equity of 32.04%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. As a group, analysts predict that VF Corp will post 3.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 10th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.21%. This is a positive change from VF’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, December 9th. VF’s dividend payout ratio is 45.50%.

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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Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VF Corp (NYSE:VFC).

Institutional Ownership by Quarter for VF (NYSE:VFC)

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