American Trust Investment Advisors LLC Sells 600 Shares of VF Corp (NYSE:VFC)

American Trust Investment Advisors LLC lessened its stake in VF Corp (NYSE:VFC) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,165 shares of the textile maker’s stock after selling 600 shares during the quarter. VF makes up about 1.7% of American Trust Investment Advisors LLC’s holdings, making the stock its 27th largest position. American Trust Investment Advisors LLC’s holdings in VF were worth $2,198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in VF by 2.6% during the second quarter. Wells Fargo & Company MN now owns 8,566,246 shares of the textile maker’s stock worth $748,262,000 after buying an additional 220,695 shares in the last quarter. FMR LLC lifted its stake in VF by 8.8% during the first quarter. FMR LLC now owns 6,712,773 shares of the textile maker’s stock worth $583,406,000 after purchasing an additional 543,434 shares during the last quarter. Geode Capital Management LLC lifted its stake in VF by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 4,666,672 shares of the textile maker’s stock worth $332,386,000 after purchasing an additional 159,863 shares during the last quarter. Charles Schwab Investment Advisory Inc. lifted its stake in VF by 0.5% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 4,368,129 shares of the textile maker’s stock worth $381,556,000 after purchasing an additional 20,858 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of VF by 24.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,535,402 shares of the textile maker’s stock valued at $306,517,000 after acquiring an additional 696,731 shares during the last quarter. Institutional investors own 83.50% of the company’s stock.

In related news, Director Richard Carucci acquired 2,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $78.93 per share, for a total transaction of $157,860.00. Following the acquisition, the director now owns 64,731 shares in the company, valued at approximately $5,109,217.83. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Scott A. Roe sold 10,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $88.39, for a total transaction of $883,900.00. Following the sale, the chief financial officer now owns 98,198 shares in the company, valued at $8,679,721.22. The disclosure for this sale can be found here. In the last three months, insiders sold 56,707 shares of company stock valued at $4,772,660. Corporate insiders own 0.74% of the company’s stock.

A number of equities research analysts have recently weighed in on VFC shares. Guggenheim reissued a “buy” rating and issued a $95.00 target price (up previously from $90.00) on shares of VF in a research note on Thursday, May 23rd. UBS Group boosted their price target on VF from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday. Cowen boosted their price target on VF from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, June 27th. Goldman Sachs Group assumed coverage on VF in a report on Friday, May 17th. They set a “buy” rating and a $97.00 price target on the stock. Finally, Telsey Advisory Group restated an “outperform” rating and set a $106.00 price target (up previously from $104.00) on shares of VF in a report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $94.06.

VFC stock traded up $0.62 during midday trading on Friday, hitting $90.97. The company’s stock had a trading volume of 5,343 shares, compared to its average volume of 1,483,994. The firm’s 50-day moving average is $83.21 and its 200-day moving average is $86.94. The company has a market cap of $35.76 billion, a PE ratio of 24.07, a P/E/G ratio of 2.52 and a beta of 1.16. The company has a current ratio of 2.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.76. VF Corp has a 12 month low of $67.18 and a 12 month high of $96.20.

VF (NYSE:VFC) last announced its earnings results on Wednesday, July 24th. The textile maker reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. VF had a return on equity of 34.52% and a net margin of 8.62%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm earned $0.43 EPS. VF’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts expect that VF Corp will post 3.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th will be paid a $0.43 dividend. The ex-dividend date is Monday, September 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.89%. VF’s dividend payout ratio (DPR) is 45.50%.

About VF

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.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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