V.F. Corporation (VFC) Stake Increased by Advisor Partners LLC
Advisor Partners LLC increased its position in V.F. Corporation (NYSE:VFC) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,806 shares of the textile maker’s stock after buying an additional 274 shares during the period. Advisor Partners LLC’s holdings in V.F. Corporation were worth $392,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in VFC. Wellington Management Group LLP boosted its stake in V.F. Corporation by 13.9% in the first quarter. Wellington Management Group LLP now owns 33,920,937 shares of the textile maker’s stock valued at $1,864,633,000 after buying an additional 4,129,477 shares in the last quarter. State Street Corp boosted its stake in V.F. Corporation by 1.4% in the first quarter. State Street Corp now owns 20,946,013 shares of the textile maker’s stock valued at $1,151,388,000 after buying an additional 295,004 shares in the last quarter. BlackRock Inc. boosted its stake in V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock valued at $1,070,143,000 after buying an additional 18,412,097 shares in the last quarter. Parnassus Investments CA boosted its stake in V.F. Corporation by 25.5% in the first quarter. Parnassus Investments CA now owns 13,480,236 shares of the textile maker’s stock valued at $724,090,000 after buying an additional 2,740,485 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt boosted its stake in V.F. Corporation by 4.1% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 6,391,000 shares of the textile maker’s stock valued at $351,313,000 after buying an additional 250,000 shares in the last quarter.
V.F. Corporation (VFC) opened at 62.29 on Thursday. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 23.77 and a beta of 0.78. The firm’s 50-day moving average price is $58.61 and its 200 day moving average price is $54.80. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $65.20.
V.F. Corporation (NYSE:VFC) last released its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. On average, analysts predict that V.F. Corporation will post $2.96 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.68 annualized dividend and a yield of 2.70%. V.F. Corporation’s dividend payout ratio (DPR) is presently 64.86%.
Several equities research analysts have recently weighed in on VFC shares. Vetr cut V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 price objective for the company. in a research report on Tuesday, April 18th. TheStreet raised V.F. Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, July 13th. Macquarie reissued an “outperform” rating and issued a $70.00 price objective (up from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. B. Riley reissued a “neutral” rating and issued a $53.00 price objective on shares of V.F. Corporation in a research report on Sunday, April 30th. Finally, Buckingham Research reissued a “neutral” rating and issued a $55.00 price objective on shares of V.F. Corporation in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $58.50.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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