Bontempo Ohly Capital Mgmt LLC lessened its holdings in V.F. Corporation (NYSE:VFC) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,058 shares of the textile maker’s stock after selling 155 shares during the quarter. V.F. Corporation accounts for 1.6% of Bontempo Ohly Capital Mgmt LLC’s investment portfolio, making the stock its 19th biggest position. Bontempo Ohly Capital Mgmt LLC’s holdings in V.F. Corporation were worth $2,020,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Peapack Gladstone Financial Corp raised its position in V.F. Corporation by 1.2% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 227,446 shares of the textile maker’s stock worth $13,101,000 after purchasing an additional 2,608 shares during the period. Kopp Investment Advisors LLC raised its position in V.F. Corporation by 0.4% in the 2nd quarter. Kopp Investment Advisors LLC now owns 11,558 shares of the textile maker’s stock worth $666,000 after purchasing an additional 49 shares during the period. Cibc World Markets Corp raised its position in V.F. Corporation by 30.9% in the 2nd quarter. Cibc World Markets Corp now owns 45,263 shares of the textile maker’s stock worth $2,607,000 after purchasing an additional 10,687 shares during the period. Harfst & Associates Inc. raised its position in V.F. Corporation by 8.1% in the 2nd quarter. Harfst & Associates Inc. now owns 6,042 shares of the textile maker’s stock worth $348,000 after purchasing an additional 452 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in V.F. Corporation in the 2nd quarter worth $3,404,000.
In other V.F. Corporation news, VP Aidan O’meara sold 29,336 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $62.54, for a total transaction of $1,834,673.44. Following the transaction, the vice president now directly owns 120,680 shares in the company, valued at approximately $7,547,327.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Alan Mccollough sold 22,852 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $62.94, for a total transaction of $1,438,304.88. Following the transaction, the director now owns 36,353 shares in the company, valued at $2,288,057.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 453,152 shares of company stock worth $28,649,326. 1.60% of the stock is owned by company insiders.
A number of brokerages recently commented on VFC. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $75.00 target price (up previously from $70.00) on shares of V.F. Corporation in a research report on Tuesday, August 15th. Cowen and Company reissued a “hold” rating and issued a $63.00 price target on shares of V.F. Corporation in a report on Thursday, September 21st. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price target (up previously from $57.00) on shares of V.F. Corporation in a report on Monday, August 14th. Canaccord Genuity set a $53.00 price target on shares of V.F. Corporation and gave the stock a “hold” rating in a report on Monday, July 17th. Finally, Buckingham Research raised their price target on shares of V.F. Corporation from $55.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $61.45.
Shares of V.F. Corporation (NYSE VFC) traded up 1.42% during midday trading on Friday, hitting $65.65. 2,273,289 shares of the stock were exchanged. The firm has a 50 day moving average of $63.09 and a 200-day moving average of $58.04. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $65.71. The stock has a market cap of $25.84 billion, a P/E ratio of 25.05 and a beta of 0.77.
V.F. Corporation (NYSE:VFC) last issued its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that V.F. Corporation will post $2.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Friday, September 8th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, September 7th. V.F. Corporation’s payout ratio is 64.86%.
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V.F. Corporation Company Profile
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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