Bbva Compass Bancshares Inc. Has $2,946,000 Position in V.F. Corp. (VFC)
Bbva Compass Bancshares Inc. increased its stake in shares of V.F. Corp. (NYSE:VFC) by 9.9% during the third quarter, Holdings Channel reports. The fund owned 52,553 shares of the company’s stock after buying an additional 4,730 shares during the period. Bbva Compass Bancshares Inc.’s holdings in V.F. Corp. were worth $2,946,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Boltwood Capital Management boosted its position in shares of V.F. Corp. by 1.9% in the second quarter. Boltwood Capital Management now owns 12,625 shares of the company’s stock valued at $776,000 after buying an additional 240 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its position in shares of V.F. Corp. by 1.0% in the second quarter. Stock Yards Bank & Trust Co. now owns 13,589 shares of the company’s stock valued at $836,000 after buying an additional 130 shares during the last quarter. Cardinal Capital Management Inc. bought a new position in shares of V.F. Corp. during the second quarter valued at about $7,213,000. Osborn Rohs Williams & Donohoe Ltd boosted its position in shares of V.F. Corp. by 5.4% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 14,731 shares of the company’s stock valued at $906,000 after buying an additional 758 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in shares of V.F. Corp. by 4.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 86,356 shares of the company’s stock valued at $5,310,000 after buying an additional 3,677 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors.
Shares of V.F. Corp. (NYSE:VFC) traded down 2.01% during midday trading on Wednesday, reaching $54.51. The company had a trading volume of 4,214,843 shares. The stock has a 50-day moving average of $55.10 and a 200 day moving average of $59.62. V.F. Corp. has a 52 week low of $51.76 and a 52 week high of $67.10. The firm has a market capitalization of $22.55 billion, a price-to-earnings ratio of 20.69 and a beta of 0.84.
V.F. Corp. (NYSE:VFC) last posted its quarterly earnings results on Monday, October 24th. The company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.05. V.F. Corp. had a net margin of 9.23% and a return on equity of 26.26%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. On average, analysts anticipate that V.F. Corp. will post $3.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Friday, December 9th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This is a boost from V.F. Corp.’s previous quarterly dividend of $0.37. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.08%. V.F. Corp.’s dividend payout ratio (DPR) is presently 56.06%.
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VFC has been the topic of several analyst reports. Buckingham Research cut V.F. Corp. from a “buy” rating to a “neutral” rating and cut their target price for the company from $70.00 to $60.00 in a research report on Friday, September 2nd. DA Davidson lowered V.F. Corp. from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $78.00 to $64.00 in a report on Tuesday, September 6th. Canaccord Genuity reiterated a “buy” rating and set a $76.00 price target on shares of V.F. Corp. in a report on Sunday, September 11th. Wells Fargo & Co. reiterated a “market perform” rating and set a $58.00 price target (up from $57.00) on shares of V.F. Corp. in a report on Monday, September 12th. They noted that the move was a valuation call. Finally, Bank of America Corp. lowered V.F. Corp. from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $73.00 to $54.00 in a report on Thursday, September 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. V.F. Corp. presently has a consensus rating of “Hold” and an average target price of $63.91.
V.F. Corp. Company Profile
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
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