VF Corp (NYSE:VFC) Shares Acquired by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. lifted its position in VF Corp (NYSE:VFC) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,791 shares of the textile maker’s stock after purchasing an additional 860 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in VF were worth $8,105,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. purchased a new stake in shares of VF in the second quarter valued at approximately $35,000. Paragon Capital Management LLC acquired a new stake in shares of VF in the first quarter worth approximately $41,000. First Bank & Trust acquired a new stake in shares of VF in the second quarter worth approximately $41,000. Prime Capital Investment Advisors LLC boosted its stake in shares of VF by 73.8% in the first quarter. Prime Capital Investment Advisors LLC now owns 478 shares of the textile maker’s stock worth $42,000 after acquiring an additional 203 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of VF by 31.5% in the second quarter. Flagship Harbor Advisors LLC now owns 547 shares of the textile maker’s stock worth $47,000 after acquiring an additional 131 shares during the last quarter.
In other VF news, CFO Scott A. Roe sold 10,000 shares of VF stock in a transaction on Monday, July 29th. The stock was sold at an average price of $88.39, for a total value of $883,900.00. Following the sale, the chief financial officer now owns 98,198 shares in the company, valued at $8,679,721.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is owned by insiders.
VF (NYSE:VFC) last released its quarterly earnings data on Wednesday, July 24th. The textile maker reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. VF had a return on equity of 34.52% and a net margin of 8.62%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts anticipate that VF Corp will post 3.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 10th will be given a $0.43 dividend. The ex-dividend date is Monday, September 9th. This represents a $1.72 dividend on an annualized basis and a yield of 2.04%. VF’s dividend payout ratio is currently 53.97%.
A number of analysts have recently issued reports on the company. Guggenheim reaffirmed a “buy” rating and issued a $95.00 price target (up from $90.00) on shares of VF in a research note on Thursday, May 23rd. Goldman Sachs Group assumed coverage on VF in a research note on Friday, May 17th. They issued a “buy” rating and a $97.00 price target on the stock. TheStreet lowered VF from a “b+” rating to a “c” rating in a research note on Wednesday, July 24th. Pivotal Research lifted their price target on VF to $95.00 in a research note on Monday, July 22nd. Finally, Canaccord Genuity set a $105.00 price target on VF and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. VF presently has an average rating of “Buy” and an average price target of $93.69.
VF Company Profile
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.
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