V.F. Corporation (NYSE:VFC) Shares Sold by Cigna Investments Inc. New
Cigna Investments Inc. New cut its position in shares of V.F. Corporation (NYSE:VFC) by 8.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,741 shares of the textile maker’s stock after selling 1,172 shares during the period. Cigna Investments Inc. New’s holdings in V.F. Corporation were worth $734,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in VFC. Orrstown Financial Services Inc. boosted its stake in V.F. Corporation by 9.2% in the second quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock worth $103,000 after buying an additional 150 shares during the period. TrimTabs Asset Management LLC acquired a new stake in V.F. Corporation during the first quarter worth approximately $121,000. WFG Advisors LP boosted its stake in V.F. Corporation by 7.4% in the first quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock worth $136,000 after buying an additional 170 shares during the period. Zions Bancorporation boosted its stake in V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after buying an additional 38 shares during the period. Finally, Crestwood Advisors Group LLC acquired a new stake in V.F. Corporation during the first quarter worth approximately $141,000.
Shares of V.F. Corporation (NYSE:VFC) opened at 61.58 on Friday. The stock has a 50 day moving average price of $58.94 and a 200-day moving average price of $54.92. The firm has a market capitalization of $24.24 billion, a price-to-earnings ratio of 23.49 and a beta of 0.78. V.F. Corporation has a 52 week low of $48.05 and a 52 week 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 for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, analysts anticipate 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 issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, September 7th. V.F. Corporation’s dividend payout ratio is currently 64.86%.
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VFC has been the subject of a number of research analyst reports. TheStreet upgraded V.F. Corporation from a “c+” rating to a “b-” rating in a research note on Thursday, July 13th. UBS AG raised their price objective on V.F. Corporation from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity set a $58.00 price objective on V.F. Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 26th. Stifel Nicolaus restated a “hold” rating and issued a $56.00 price objective on shares of V.F. Corporation in a research note on Sunday, April 23rd. Finally, Forward View upgraded V.F. Corporation from a “sell” rating to a “hold” rating and set a $65.00 price objective for the company in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. V.F. Corporation has a consensus 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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