Stewart & Patten Co. LLC Buys 10,005 Shares of V.F. Co. (NYSE:VFC)

Stewart & Patten Co. LLC increased its stake in shares of V.F. Co. (NYSE:VFCGet Rating) by 5.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,892 shares of the textile maker’s stock after buying an additional 10,005 shares during the quarter. V.F. accounts for about 1.8% of Stewart & Patten Co. LLC’s investment portfolio, making the stock its 25th largest position. Stewart & Patten Co. LLC’s holdings in V.F. were worth $11,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Capital International Investors raised its position in V.F. by 81.8% in the 4th quarter. Capital International Investors now owns 21,740,758 shares of the textile maker’s stock valued at $1,591,858,000 after purchasing an additional 9,782,346 shares during the last quarter. Norges Bank bought a new position in V.F. in the 4th quarter valued at $213,383,000. State Street Corp raised its position in V.F. by 9.8% in the 4th quarter. State Street Corp now owns 17,918,285 shares of the textile maker’s stock valued at $1,311,977,000 after purchasing an additional 1,596,886 shares during the last quarter. Marathon Asset Mgmt Ltd bought a new position in V.F. in the 4th quarter valued at $62,426,000. Finally, Charles Schwab Investment Management Inc. raised its position in V.F. by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,103,073 shares of the textile maker’s stock valued at $446,868,000 after purchasing an additional 415,697 shares during the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.

In other V.F. news, Director W Rodney Mcmullen acquired 3,000 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were purchased at an average price of $45.40 per share, for a total transaction of $136,200.00. Following the completion of the purchase, the director now directly owns 25,125 shares of the company’s stock, valued at $1,140,675. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Carucci acquired 10,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was acquired at an average price of $45.39 per share, for a total transaction of $453,900.00. Following the purchase, the director now directly owns 107,493 shares of the company’s stock, valued at $4,879,107.27. The disclosure for this purchase can be found here. Insiders acquired 16,000 shares of company stock worth $740,070 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

VFC opened at $44.13 on Tuesday. V.F. Co. has a 52-week low of $43.15 and a 52-week high of $84.96. The firm has a market capitalization of $17.14 billion, a PE ratio of 12.50, a PEG ratio of 1.37 and a beta of 1.41. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.96 and a current ratio of 1.38. The business’s 50-day simple moving average is $47.95 and its 200 day simple moving average is $56.99.

V.F. (NYSE:VFCGet Rating) last released its earnings results on Thursday, May 19th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). V.F. had a return on equity of 35.47% and a net margin of 11.71%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, research analysts forecast that V.F. Co. will post 3.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Shareholders of record on Friday, June 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, June 9th. This represents a $2.00 annualized dividend and a yield of 4.53%. V.F.’s dividend payout ratio is 56.66%.

Several equities analysts have issued reports on the company. BTIG Research cut their price objective on V.F. from $90.00 to $71.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Telsey Advisory Group restated an “outperform” rating and set a $70.00 target price (down previously from $85.00) on shares of V.F. in a research report on Tuesday, May 17th. Wedbush dropped their target price on V.F. from $61.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, May 20th. StockNews.com began coverage on V.F. in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Cowen decreased their price objective on V.F. from $72.00 to $61.00 in a research note on Wednesday, May 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, V.F. currently has an average rating of “Hold” and an average price target of $62.89.

V.F. Profile (Get Rating)

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.

Featured Articles

Institutional Ownership by Quarter for V.F. (NYSE:VFC)

Receive News & Ratings for V.F. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V.F. and related companies with MarketBeat.com's FREE daily email newsletter.