Royal Fund Management LLC purchased a new stake in shares of VF Corp (NYSE:VFC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 835 shares of the textile maker’s stock, valued at approximately $45,000.
Other large investors have also made changes to their positions in the company. PSI Advisors LLC purchased a new position in VF during the 4th quarter valued at about $25,000. Clear Harbor Asset Management LLC purchased a new position in VF during the 4th quarter valued at about $28,000. Gemmer Asset Management LLC increased its holdings in VF by 198.9% during the 1st quarter. Gemmer Asset Management LLC now owns 526 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 350 shares during the period. Cedar Mountain Advisors LLC purchased a new position in VF during the 4th quarter valued at about $31,000. Finally, Savior LLC purchased a new position in VF during the 4th quarter valued at about $36,000. Institutional investors own 78.77% of the company’s stock.
A number of brokerages recently issued reports on VFC. Wells Fargo & Co boosted their price target on VF from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Susquehanna Bancshares reduced their target price on VF from $66.00 to $60.00 in a report on Monday, May 18th. Guggenheim reduced their target price on VF from $105.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Raymond James initiated coverage on VF in a report on Tuesday, March 31st. They set a “market perform” rating on the stock. Finally, BMO Capital Markets initiated coverage on VF in a report on Monday, February 3rd. They set a “market perform” rating and a $84.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. VF presently has a consensus rating of “Hold” and an average target price of $69.69.
In other VF news, Director Veronica Wu acquired 500 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $71.00 per share, with a total value of $35,500.00. Following the transaction, the director now owns 1,495 shares of the company’s stock, valued at approximately $106,145. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.74% of the company’s stock.
Shares of VFC opened at $55.64 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average price is $55.57 and its 200-day moving average price is $76.49. VF Corp has a 52 week low of $45.07 and a 52 week high of $100.25. The stock has a market cap of $22.22 billion, a P/E ratio of 19.48, a P/E/G ratio of 4.30 and a beta of 1.23.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, May 15th. The textile maker reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). VF had a return on equity of 27.75% and a net margin of 6.09%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities analysts anticipate that VF Corp will post 1.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Wednesday, June 10th will be given a $0.48 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.45%. VF’s dividend payout ratio is currently 71.64%.
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 & Action Sports, Jeanswear, Imagewear, and Other.
Read More: Forex
Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VF Corp (NYSE:VFC).
Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.