Los Angeles Capital Management & Equity Research Inc. Grows Holdings in VF Corp (VFC)
Los Angeles Capital Management & Equity Research Inc. increased its holdings in VF Corp (NYSE:VFC) by 65.6% in the third quarter, HoldingsChannel reports. The firm owned 214,025 shares of the textile maker’s stock after acquiring an additional 84,820 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in VF were worth $20,001,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Gulf International Bank UK Ltd boosted its stake in shares of VF by 6.0% in the 3rd quarter. Gulf International Bank UK Ltd now owns 114,787 shares of the textile maker’s stock valued at $10,726,000 after purchasing an additional 6,500 shares in the last quarter. BP PLC boosted its stake in shares of VF by 3.8% in the 3rd quarter. BP PLC now owns 40,500 shares of the textile maker’s stock valued at $3,784,000 after purchasing an additional 1,500 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of VF in the 3rd quarter valued at $692,000. WINTON GROUP Ltd boosted its stake in shares of VF by 216.7% in the 3rd quarter. WINTON GROUP Ltd now owns 11,726 shares of the textile maker’s stock valued at $1,096,000 after purchasing an additional 8,024 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of VF by 74.4% in the 3rd quarter. American Century Companies Inc. now owns 524,600 shares of the textile maker’s stock valued at $49,024,000 after purchasing an additional 223,767 shares in the last quarter.
Shares of NYSE VFC opened at $84.16 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 0.90. VF Corp has a 12 month low of $69.07 and a 12 month high of $97.00. The firm has a market capitalization of $34.20 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 2.07 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 10th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, December 7th. This is a positive change from VF’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.42%. VF’s dividend payout ratio is 61.74%.
In related news, Director Richard Carucci acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, October 24th. The stock was acquired at an average cost of $78.65 per share, for a total transaction of $393,250.00. Following the acquisition, the director now owns 48,190 shares of the company’s stock, valued at $3,790,143.50. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Scott A. Roe sold 29,544 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $92.78, for a total transaction of $2,741,092.32. Following the completion of the transaction, the chief financial officer now owns 102,165 shares of the company’s stock, valued at $9,478,868.70. The disclosure for this sale can be found here. Insiders sold a total of 128,533 shares of company stock valued at $11,932,040 over the last 90 days. Company insiders own 1.72% of the company’s stock.
A number of brokerages have recently issued reports on VFC. Royal Bank of Canada cut their price objective on shares of VF to $88.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. Canaccord Genuity set a $108.00 price target on shares of VF and gave the company a “buy” rating in a research report on Monday, October 22nd. Wedbush raised shares of VF from a “neutral” rating to an “outperform” rating and set a $94.00 price target for the company in a research report on Tuesday, October 23rd. They noted that the move was a valuation call. Citigroup dropped their price target on shares of VF from $95.00 to $92.00 and set a “neutral” rating for the company in a research report on Monday, October 22nd. Finally, Credit Suisse Group dropped their price target on shares of VF from $105.00 to $98.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $95.17.
TRADEMARK VIOLATION WARNING: This story was published by Daily Political and is owned by of Daily Political. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2018/11/10/los-angeles-capital-management-equity-research-inc-grows-holdings-in-vf-corp-vfc.html.
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VF Corp (NYSE:VFC).
Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.