Virtu Financial LLC acquired a new stake in shares of VF Corp (NYSE:VFC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,569 shares of the textile maker’s stock, valued at approximately $1,226,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Pensionfund Sabic purchased a new stake in shares of VF during the 4th quarter valued at about $1,850,000. Oak Point Wealth Management purchased a new stake in shares of VF during the 4th quarter valued at about $1,479,000. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of VF by 16.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 398,071 shares of the textile maker’s stock valued at $25,305,000 after acquiring an additional 57,581 shares during the last quarter. First Merchants Corp boosted its holdings in shares of VF by 8.1% during the 3rd quarter. First Merchants Corp now owns 69,631 shares of the textile maker’s stock valued at $4,425,000 after acquiring an additional 5,201 shares during the last quarter. Finally, Oak Ridge Investments LLC boosted its holdings in shares of VF by 27.1% during the 3rd quarter. Oak Ridge Investments LLC now owns 176,542 shares of the textile maker’s stock valued at $11,223,000 after acquiring an additional 37,613 shares during the last quarter. 85.22% of the stock is currently owned by institutional investors.
Shares of VF Corp (NYSE VFC) opened at $75.21 on Friday. VF Corp has a one year low of $51.22 and a one year high of $84.38. The company has a market cap of $29,438.61, a P/E ratio of 49.81, a price-to-earnings-growth ratio of 2.09 and a beta of 0.90. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.59.
VF (NYSE:VFC) last released its earnings results on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). VF had a return on equity of 31.49% and a net margin of 5.08%. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the business posted $0.97 EPS. VF’s revenue was up 20.1% on a year-over-year basis. equities analysts forecast that VF Corp will post 3.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, March 8th. VF’s dividend payout ratio (DPR) is currently 121.86%.
A number of analysts have recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and set a $84.00 price target on shares of VF in a report on Wednesday, January 10th. Piper Jaffray Companies raised shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 price target on the stock in a report on Monday, February 5th. KeyCorp reaffirmed a “hold” rating on shares of VF in a report on Tuesday, October 31st. Robert W. Baird reaffirmed an “average” rating and set a $84.00 price target 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 company a “buy” rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $75.10.
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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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