Vontobel Holding Ltd. bought a new position in V.F. Co. (NYSE:VFC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,520 shares of the textile maker’s stock, valued at approximately $761,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 9258 Wealth Management LLC acquired a new position in V.F. during the first quarter valued at approximately $229,000. Biondo Investment Advisors LLC lifted its position in V.F. by 3.2% during the first quarter. Biondo Investment Advisors LLC now owns 73,190 shares of the textile maker’s stock valued at $5,849,000 after buying an additional 2,290 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in V.F. during the first quarter valued at approximately $64,919,000. Verdence Capital Advisors LLC acquired a new position in V.F. during the first quarter valued at approximately $214,000. Finally, Kestra Private Wealth Services LLC lifted its position in V.F. by 229.8% during the first quarter. Kestra Private Wealth Services LLC now owns 13,200 shares of the textile maker’s stock valued at $1,055,000 after buying an additional 9,197 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Clarence Otis, Jr. sold 13,449 shares of the business’s stock in a transaction on Wednesday, June 2nd. The shares were sold at an average price of $79.56, for a total transaction of $1,070,002.44. Insiders own 0.80% of the company’s stock.
VFC stock opened at $78.55 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.68 and a debt-to-equity ratio of 1.87. V.F. Co. has a 1-year low of $56.70 and a 1-year high of $90.79. The company’s fifty day simple moving average is $83.85. The company has a market capitalization of $30.80 billion, a price-to-earnings ratio of 75.53, a price-to-earnings-growth ratio of 2.29 and a beta of 1.41.
V.F. (NYSE:VFC) last released its earnings results on Thursday, May 20th. The textile maker reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). V.F. had a net margin of 4.41% and a return on equity of 16.85%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. As a group, equities research analysts predict that V.F. Co. will post 3.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 21st. Shareholders of record on Thursday, June 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Wednesday, June 9th. This represents a $1.96 annualized dividend and a yield of 2.50%. V.F.’s payout ratio is 149.62%.
V.F. Company Profile
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.
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