Shell Asset Management Co. Reduces Holdings in VF Corp (NYSE:VFC)

Shell Asset Management Co. trimmed its holdings in VF Corp (NYSE:VFC) by 36.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,469 shares of the textile maker’s stock after selling 32,328 shares during the quarter. Shell Asset Management Co.’s holdings in VF were worth $4,179,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VFC. Arizona State Retirement System raised its holdings in VF by 24.0% in the 4th quarter. Arizona State Retirement System now owns 100,397 shares of the textile maker’s stock valued at $7,429,000 after acquiring an additional 19,401 shares during the last quarter. AMG National Trust Bank grew its stake in shares of VF by 2.9% in the 4th quarter. AMG National Trust Bank now owns 1,386,451 shares of the textile maker’s stock valued at $102,597,000 after buying an additional 39,119 shares during the period. GWM Advisors LLC grew its stake in shares of VF by 5.4% in the 4th quarter. GWM Advisors LLC now owns 102,902 shares of the textile maker’s stock valued at $7,961,000 after buying an additional 5,268 shares during the period. MUFG Americas Holdings Corp boosted its position in shares of VF by 65.0% during the 4th quarter. MUFG Americas Holdings Corp now owns 28,743 shares of the textile maker’s stock worth $2,127,000 after purchasing an additional 11,318 shares during the period. Finally, Global X Management Co. LLC boosted its position in shares of VF by 15.5% during the 4th quarter. Global X Management Co. LLC now owns 14,924 shares of the textile maker’s stock worth $1,104,000 after purchasing an additional 2,000 shares during the period. 85.49% of the stock is currently owned by institutional investors and hedge funds.

VF Corp (NYSE:VFC) traded up $1.28 during trading hours on Wednesday, hitting $74.75. 2,381,657 shares of the stock were exchanged, compared to its average volume of 3,310,000. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $29,650.00, a price-to-earnings ratio of 41.76, a PEG ratio of 2.10 and a beta of 0.96. VF Corp has a twelve month low of $51.22 and a twelve month high of $84.38.

VF (NYSE:VFC) last issued its quarterly earnings results on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01). VF had a return on equity of 31.49% and a net margin of 5.08%. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. equities analysts expect that VF Corp will post 3.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 9th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, March 8th. VF’s dividend payout ratio (DPR) is 102.79%.

A number of equities analysts recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $84.00 price objective on shares of VF in a research report on Wednesday, January 10th. Canaccord Genuity set a $90.00 price target on shares of VF and gave the company a “buy” rating in a research report on Wednesday. Piper Jaffray Companies upgraded shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 price objective on the stock in a report on Monday, February 5th. Robert W. Baird restated an “average” rating and issued a $84.00 price objective on shares of VF in a report on Wednesday, January 3rd. Finally, Pivotal Research set a $95.00 price target on shares of VF and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. VF presently has an average rating of “Hold” and an average price target of $75.55.

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About VF

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.

Institutional Ownership by Quarter for VF (NYSE:VFC)

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