Intact Investment Management Inc. lessened its stake in shares of VF Corp (NYSE:VFC) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,700 shares of the textile maker’s stock after selling 1,400 shares during the period. Intact Investment Management Inc.’s holdings in VF were worth $3,658,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its holdings in VF by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 380,980 shares of the textile maker’s stock worth $37,968,000 after buying an additional 9,078 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in VF by 13.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 255,124 shares of the textile maker’s stock worth $25,427,000 after buying an additional 30,917 shares during the last quarter. Ellington Management Group LLC raised its holdings in VF by 28.7% during the fourth quarter. Ellington Management Group LLC now owns 34,500 shares of the textile maker’s stock worth $3,438,000 after buying an additional 7,700 shares during the last quarter. Resources Management Corp CT ADV acquired a new position in VF during the third quarter worth $8,841,000. Finally, Voloridge Investment Management LLC grew its stake in shares of VF by 19.8% in the 3rd quarter. Voloridge Investment Management LLC now owns 45,593 shares of the textile maker’s stock worth $4,057,000 after acquiring an additional 7,525 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.
Several analysts have recently issued reports on VFC shares. Pivotal Research upped their target price on shares of VF from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Wells Fargo & Co reduced their target price on shares of VF from $88.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Piper Sandler reduced their target price on shares of VF from $100.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Telsey Advisory Group reduced their target price on shares of VF from $106.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, BMO Capital Markets started coverage on shares of VF in a research note on Monday, February 3rd. They issued a “market perform” rating and a $84.00 target price for the company. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. VF presently has a consensus rating of “Buy” and an average target price of $94.81.
VFC traded up $0.11 during trading on Thursday, hitting $58.16. 16,519 shares of the company traded hands, compared to its average volume of 4,249,353. The firm has a market cap of $20.70 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. The stock’s fifty day moving average is $72.23 and its 200 day moving average is $85.59. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.69. VF Corp has a one year low of $45.07 and a one year high of $100.25.
VF (NYSE:VFC) last issued its earnings results on Thursday, January 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. VF had a net margin of 10.54% and a return on equity of 30.78%. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business earned $1.31 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that VF Corp will post 3.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Monday, March 9th. VF’s dividend payout ratio is currently 50.79%.
In related news, Director Veronica Wu bought 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 completion of the purchase, the director now directly owns 1,495 shares of the company’s stock, valued at approximately $106,145. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.74% of the company’s stock.
VF 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 & Action Sports, Jeanswear, Imagewear, and Other.
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