Sabal Trust CO cut its stake in VF Corp (NYSE:VFC) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,219 shares of the textile maker’s stock after selling 136 shares during the period. Sabal Trust CO’s holdings in VF Corp were worth $451,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norris Perne & French LLP MI boosted its stake in VF Corp by 35.8% in the third quarter. Norris Perne & French LLP MI now owns 129,191 shares of the textile maker’s stock valued at $7,241,000 after buying an additional 34,060 shares during the last quarter. First Merchants Corp boosted its stake in VF Corp by 0.8% in the third quarter. First Merchants Corp now owns 34,468 shares of the textile maker’s stock valued at $1,931,000 after buying an additional 282 shares during the last quarter. Fulton Breakefield Broenniman LLC boosted its stake in VF Corp by 0.4% in the third quarter. Fulton Breakefield Broenniman LLC now owns 101,664 shares of the textile maker’s stock valued at $5,698,000 after buying an additional 410 shares during the last quarter. 1ST Source Bank boosted its stake in VF Corp by 0.7% in the third quarter. 1ST Source Bank now owns 21,673 shares of the textile maker’s stock valued at $1,215,000 after buying an additional 151 shares during the last quarter. Finally, Foster & Motley Inc. boosted its stake in VF Corp by 7.4% in the third quarter. Foster & Motley Inc. now owns 5,962 shares of the textile maker’s stock valued at $334,000 after buying an additional 409 shares during the last quarter.
VF Corp (NYSE:VFC) opened at 52.40 on Friday. The firm has a 50-day moving average price of $54.57 and a 200-day moving average price of $53.83. VF Corp has a 52 week low of $48.05 and a 52 week high of $65.28. The stock has a market capitalization of $20.98 billion, a PE ratio of 21.36 and a beta of 0.81.
VF Corp (NYSE:VFC) last released its quarterly earnings data on Friday, April 28th. The textile maker reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. VF Corp had a return on equity of 26.26% and a net margin of 9.23%. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Equities research analysts predict that VF Corp will post $2.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Investors of record on Friday, June 9th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Wednesday, June 7th. VF Corp’s dividend payout ratio is presently 63.64%.
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Several research firms have weighed in on VFC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 price target on shares of VF Corp in a report on Sunday, April 23rd. Vetr cut VF Corp from a “buy” rating to a “hold” rating and set a $53.60 price target on the stock. in a report on Tuesday, February 28th. Evercore ISI cut VF Corp from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. B. Riley reaffirmed a “neutral” rating and issued a $53.00 price target on shares of VF Corp in a report on Tuesday, April 25th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $51.00 price target on shares of VF Corp in a report on Tuesday, February 21st. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $56.44.
About VF Corp
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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