Raymond James Trust N.A. reduced its stake in shares of VF Corp (NYSE:VFC) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 48,822 shares of the textile maker’s stock after selling 657 shares during the quarter. Raymond James Trust N.A.’s holdings in VF were worth $4,865,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Doyle Wealth Management acquired a new position in VF during the second quarter worth $32,000. Independence Bank of Kentucky bought a new position in VF in the third quarter valued at about $34,000. Mechanics Bank Trust Department bought a new position in VF in the third quarter valued at about $38,000. Prime Capital Investment Advisors LLC boosted its holdings in VF by 33.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 518 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 131 shares during the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management bought a new position in VF in the third quarter valued at about $49,000.

Several equities analysts recently issued reports on the company. Susquehanna Bancshares raised their price target on VF from $105.00 to $119.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays initiated coverage on VF in a research report on Tuesday, November 12th. They set an “overweight” rating and a $103.00 price target on the stock. Pivotal Research dropped their price target on VF from $93.00 to $90.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Guggenheim reaffirmed a “buy” rating on shares of VF in a research report on Tuesday, December 10th. Finally, Wedbush lowered VF from an “outperform” rating to a “neutral” rating and set a $98.00 price target on the stock. in a research report on Wednesday, January 8th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $100.77.

In other VF news, CEO Steven E. Rendle sold 155,582 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $91.40, for a total transaction of $14,220,194.80. Following the transaction, the chief executive officer now owns 302,013 shares of the company’s stock, valued at approximately $27,603,988.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin Bailey sold 21,314 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $83.14, for a total value of $1,772,045.96. Following the transaction, the vice president now directly owns 71,241 shares in the company, valued at approximately $5,922,976.74. The disclosure for this sale can be found here. In the last three months, insiders sold 193,826 shares of company stock worth $17,535,241. 0.74% of the stock is owned by insiders.

VF stock traded up $0.60 during midday trading on Tuesday, reaching $96.53. The stock had a trading volume of 1,636,015 shares, compared to its average volume of 2,208,921. The firm’s fifty day simple moving average is $94.50 and its 200-day simple moving average is $88.22. VF Corp has a 1-year low of $71.38 and a 1-year high of $100.25. The stock has a market capitalization of $37.96 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.20 and a current ratio of 1.99.

VF (NYSE:VFC) last announced its earnings results on Friday, October 25th. The textile maker reported $1.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.04). VF had a net margin of 10.07% and a return on equity of 32.04%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period in the prior year, the business posted $1.43 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that VF Corp will post 3.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 10th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Monday, December 9th. This is a positive change from VF’s previous quarterly dividend of $0.43. VF’s dividend payout ratio (DPR) is currently 50.79%.

About VF

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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Institutional Ownership by Quarter for VF (NYSE:VFC)

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