New York State Common Retirement Fund Has $7.74 Million Stake in V.F. Corporation $VFC

New York State Common Retirement Fund cut its stake in shares of V.F. Corporation (NYSE:VFCFree Report) by 6.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 536,612 shares of the textile maker’s stock after selling 37,037 shares during the quarter. New York State Common Retirement Fund’s holdings in V.F. were worth $7,743,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Rexford Capital Inc. bought a new stake in V.F. in the second quarter valued at approximately $48,000. Global Wealth Strategies & Associates acquired a new stake in V.F. in the third quarter worth $82,000. Farther Finance Advisors LLC grew its stake in shares of V.F. by 50.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock valued at $108,000 after buying an additional 2,490 shares during the period. 1620 Investment Advisors Inc. raised its position in shares of V.F. by 5.7% during the third quarter. 1620 Investment Advisors Inc. now owns 21,903 shares of the textile maker’s stock worth $316,000 after purchasing an additional 1,172 shares during the period. Finally, Bard Financial Services Inc. lifted its stake in shares of V.F. by 3.1% in the third quarter. Bard Financial Services Inc. now owns 33,440 shares of the textile maker’s stock valued at $483,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

V.F. Trading Up 1.5%

NYSE VFC opened at $21.21 on Thursday. The stock has a 50 day simple moving average of $19.02 and a two-hundred day simple moving average of $15.92. V.F. Corporation has a fifty-two week low of $9.41 and a fifty-two week high of $26.69. The stock has a market cap of $8.30 billion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 1.49 and a beta of 1.65. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.03 and a current ratio of 1.55.

V.F. (NYSE:VFCGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The textile maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.15. V.F. had a return on equity of 19.08% and a net margin of 2.33%.The business had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the firm posted $0.62 EPS. The business’s revenue was up 1.5% on a year-over-year basis. On average, analysts forecast that V.F. Corporation will post 0.73 earnings per share for the current year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, March 10th. V.F.’s dividend payout ratio is presently 65.45%.

Key Headlines Impacting V.F.

Here are the key news stories impacting V.F. this week:

Analysts Set New Price Targets

Several analysts have recently issued reports on VFC shares. Piper Sandler upped their target price on shares of V.F. from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. The Goldman Sachs Group upped their price target on shares of V.F. from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Citigroup increased their price objective on V.F. from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. JPMorgan Chase & Co. upped their target price on V.F. from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Telsey Advisory Group set a $20.00 target price on shares of V.F. in a research note on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.22.

View Our Latest Report on V.F.

V.F. Profile

(Free Report)

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.

Further Reading

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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