Courier Capital LLC trimmed its position in shares of V.F. Co. (NYSE:VFC) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,078 shares of the textile maker’s stock after selling 398 shares during the quarter. Courier Capital LLC’s holdings in V.F. were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kore Private Wealth LLC grew its stake in shares of V.F. by 298.4% in the 2nd quarter. Kore Private Wealth LLC now owns 498 shares of the textile maker’s stock valued at $30,000 after buying an additional 373 shares during the period. Knuff & Co LLC lifted its stake in V.F. by 175.5% in the 2nd quarter. Knuff & Co LLC now owns 551 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 351 shares in the last quarter. Freestone Capital Holdings LLC bought a new stake in V.F. in the 3rd quarter valued at approximately $53,000. FIL Ltd bought a new stake in V.F. in the 2nd quarter valued at approximately $52,000. Finally, Prestige Wealth Management Group LLC lifted its stake in V.F. by 26.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 899 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 187 shares in the last quarter. 69.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE VFC opened at $82.37 on Tuesday. The company has a debt-to-equity ratio of 1.93, a current ratio of 3.20 and a quick ratio of 2.52. The stock’s fifty day moving average price is $73.66 and its two-hundred day moving average price is $65.04. V.F. Co. has a one year low of $45.07 and a one year high of $100.25. The firm has a market cap of $32.09 billion, a price-to-earnings ratio of -632.92, a P/E/G ratio of 5.58 and a beta of 1.14.
V.F. (NYSE:VFC) last issued its quarterly earnings data on Friday, October 16th. The textile maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.19. V.F. had a positive return on equity of 16.44% and a negative net margin of 0.52%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the firm posted $1.26 EPS. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. On average, equities analysts anticipate that V.F. Co. will post 1.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Thursday, December 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.38%. This is an increase from V.F.’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Wednesday, December 9th. V.F.’s dividend payout ratio is presently 71.64%.
Several equities research analysts have commented on VFC shares. Royal Bank of Canada boosted their target price on V.F. from $84.00 to $94.00 in a research note on Tuesday, November 10th. Stifel Nicolaus lowered V.F. from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price target on V.F. from $66.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, November 10th. Robert W. Baird boosted their price target on V.F. from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 10th. Finally, ValuEngine raised V.F. from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. V.F. currently has a consensus rating of “Buy” and an average price target of $81.26.
In related news, CFO Scott A. Roe sold 53,059 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $78.98, for a total transaction of $4,190,599.82. Following the completion of the sale, the chief financial officer now directly owns 135,997 shares in the company, valued at approximately $10,741,043.06. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Laura C. Meagher sold 27,499 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $77.45, for a total value of $2,129,797.55. Over the last quarter, insiders have sold 90,059 shares of company stock valued at $6,957,724. Corporate insiders own 0.80% of the company’s stock.
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, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.
See Also: SEC Filing
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