BNP Paribas Arbitrage SA Has $2,996,000 Stake in V.F. Corp. (VFC)
BNP Paribas Arbitrage SA cut its position in shares of V.F. Corp. (NYSE:VFC) by 31.6% during the third quarter, Holdings Channel reports. The firm owned 53,451 shares of the company’s stock after selling 24,736 shares during the period. BNP Paribas Arbitrage SA’s holdings in V.F. Corp. were worth $2,996,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Palladium Partners LLC raised its stake in V.F. Corp. by 0.7% in the second quarter. Palladium Partners LLC now owns 27,745 shares of the company’s stock worth $1,706,000 after buying an additional 200 shares during the period. Dearborn Partners LLC raised its stake in V.F. Corp. by 5.0% in the second quarter. Dearborn Partners LLC now owns 297,764 shares of the company’s stock worth $18,309,000 after buying an additional 14,219 shares during the period. Hills Bank & Trust Co. raised its stake in V.F. Corp. by 6.8% in the second quarter. Hills Bank & Trust Co. now owns 10,173 shares of the company’s stock worth $626,000 after buying an additional 645 shares during the period. Wendell David Associates Inc. raised its stake in V.F. Corp. by 15.1% in the second quarter. Wendell David Associates Inc. now owns 25,505 shares of the company’s stock worth $1,556,000 after buying an additional 3,345 shares during the period. Finally, Somerset Trust Co raised its stake in V.F. Corp. by 3.3% in the second quarter. Somerset Trust Co now owns 22,876 shares of the company’s stock worth $1,407,000 after buying an additional 740 shares during the period. 84.03% of the stock is owned by institutional investors.
V.F. Corp. (NYSE:VFC) traded down 2.01% during trading on Wednesday, hitting $54.51. The stock had a trading volume of 4,214,843 shares. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 20.69 and a beta of 0.84. The firm has a 50 day moving average of $55.09 and a 200-day moving average of $59.66. V.F. Corp. has a 12 month low of $51.76 and a 12 month high of $67.10.
V.F. Corp. (NYSE:VFC) last issued its quarterly earnings data on Monday, October 24th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. The company earned $3.50 billion during the quarter, compared to the consensus estimate of $3.63 billion. V.F. Corp. had a net margin of 9.23% and a return on equity of 26.26%. V.F. Corp.’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Equities analysts predict that V.F. Corp. will post $3.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Friday, December 9th will be paid a $0.42 dividend. This is an increase from V.F. Corp.’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $1.68 dividend on an annualized basis and a yield of 3.08%. V.F. Corp.’s payout ratio is 56.06%.
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A number of equities research analysts have recently weighed in on the company. Buckingham Research lowered V.F. Corp. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $60.00 in a research note on Friday, September 2nd. DA Davidson lowered V.F. Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $78.00 to $64.00 in a research report on Tuesday, September 6th. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $58.00 price target (up previously from $57.00) on shares of V.F. Corp. in a research report on Monday, September 12th. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a “buy” rating and set a $76.00 price target on shares of V.F. Corp. in a research report on Sunday, September 11th. Finally, Susquehanna started coverage on V.F. Corp. in a research report on Thursday, September 15th. They set a “neutral” rating and a $55.00 price target for the company. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given 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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