V.F. Corporation (NYSE:VFC) Shares Sold by HL Financial Services LLC
HL Financial Services LLC decreased its stake in shares of V.F. Corporation (NYSE:VFC) by 4.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,321 shares of the textile maker’s stock after selling 525 shares during the period. HL Financial Services LLC’s holdings in V.F. Corporation were worth $652,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of VFC. Orrstown Financial Services Inc. boosted its position 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 valued at $103,000 after buying an additional 150 shares in the last quarter. TrimTabs Asset Management LLC bought a new position in V.F. Corporation during the first quarter valued at about $121,000. WFG Advisors LP boosted its position 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 valued at $136,000 after buying an additional 170 shares in the last quarter. Zions Bancorporation boosted its position in V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock valued at $140,000 after buying an additional 38 shares in the last quarter. Finally, Crestwood Advisors Group LLC bought a new position in V.F. Corporation during the first quarter valued at about $141,000.
Shares of V.F. Corporation (NYSE:VFC) opened at 61.58 on Friday. The firm’s 50-day moving average is $58.94 and its 200-day moving average is $54.92. The company has a market cap of $24.24 billion, a PE ratio of 23.49 and a beta of 0.78. 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 announced its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the company posted $0.35 earnings per share. V.F. Corporation’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts forecast that V.F. Corporation will post $2.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders 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 yield of 2.73%. The ex-dividend date of this dividend is Thursday, September 7th. V.F. Corporation’s payout ratio is presently 64.86%.
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Several equities analysts have issued reports on the stock. Stifel Nicolaus restated a “hold” rating and set a $56.00 target price on shares of V.F. Corporation in a research note on Sunday, April 23rd. Canaccord Genuity restated a “hold” rating and set a $53.00 target price on shares of V.F. Corporation in a research note on Friday, May 26th. B. Riley reiterated a “neutral” rating and issued a $53.00 price objective on shares of V.F. Corporation in a research note on Tuesday, April 25th. Susquehanna Bancshares Inc upgraded shares of V.F. Corporation from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $53.00 to $70.00 in a research note on Friday, July 28th. Finally, UBS AG upgraded shares of V.F. Corporation from a “neutral” rating to a “positive” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price 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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