ING Groep NV trimmed its holdings in shares of V.F. Co. (NYSE:VFC) by 50.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,489 shares of the textile maker’s stock after selling 22,779 shares during the quarter. ING Groep NV’s holdings in V.F. were worth $1,797,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. MAI Capital Management increased its holdings in V.F. by 2.3% during the first quarter. MAI Capital Management now owns 5,446 shares of the textile maker’s stock valued at $435,000 after buying an additional 120 shares during the period. Prestige Wealth Management Group LLC grew its holdings in V.F. by 14.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,030 shares of the textile maker’s stock worth $88,000 after purchasing an additional 131 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in V.F. by 1.0% in the fourth quarter. Glenmede Trust Co. NA now owns 13,367 shares of the textile maker’s stock worth $1,141,000 after purchasing an additional 135 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in V.F. by 1.5% in the first quarter. Legacy Wealth Asset Management LLC now owns 10,560 shares of the textile maker’s stock worth $844,000 after purchasing an additional 158 shares during the last quarter. Finally, TrinityPoint Wealth LLC grew its holdings in V.F. by 4.0% in the fourth quarter. TrinityPoint Wealth LLC now owns 4,204 shares of the textile maker’s stock worth $358,000 after purchasing an additional 163 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.
Several research firms have issued reports on VFC. Deutsche Bank Aktiengesellschaft cut their price target on shares of V.F. from $101.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, May 24th. Royal Bank of Canada cut their price target on shares of V.F. from $102.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, May 24th. JPMorgan Chase & Co. lifted their price objective on shares of V.F. from $104.00 to $106.00 and gave the stock an “overweight” rating in a research note on Monday, May 24th. Finally, Pivotal Research lifted their price objective on shares of V.F. from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $92.33.
NYSE VFC opened at $78.55 on Friday. The firm has a market capitalization of $30.80 billion, a P/E ratio of 75.53, a PEG ratio of 2.29 and a beta of 1.41. The firm’s fifty day simple moving average is $83.85. V.F. Co. has a 1 year low of $56.70 and a 1 year high of $90.79. The company has a quick ratio of 1.68, a current ratio of 2.17 and a debt-to-equity ratio of 1.87.
V.F. (NYSE:VFC) last posted its earnings results on Thursday, May 20th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. V.F. had a net margin of 4.41% and a return on equity of 16.85%. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, equities analysts predict that V.F. Co. will post 3.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 21st. Shareholders of record on Thursday, June 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, June 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.50%. V.F.’s dividend payout ratio (DPR) is currently 149.62%.
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, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.
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