Good Life Advisors LLC purchased a new stake in shares of VF Corp (NYSE:VFC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,297 shares of the textile maker’s stock, valued at approximately $215,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VFC. WINTON GROUP Ltd increased its position in shares of VF by 88.1% during the 1st quarter. WINTON GROUP Ltd now owns 14,122 shares of the textile maker’s stock valued at $1,047,000 after purchasing an additional 6,615 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of VF by 17.7% during the 1st quarter. Summit Trail Advisors LLC now owns 5,874 shares of the textile maker’s stock valued at $294,000 after purchasing an additional 882 shares during the last quarter. Park National Corp OH purchased a new stake in shares of VF during the 2nd quarter valued at about $7,868,000. Clarus Wealth Advisors purchased a new stake in shares of VF during the 2nd quarter valued at about $161,000. Finally, Gulf International Bank UK Ltd increased its position in shares of VF by 3.3% during the 2nd quarter. Gulf International Bank UK Ltd now owns 108,287 shares of the textile maker’s stock valued at $8,827,000 after purchasing an additional 3,500 shares during the last quarter.
Shares of VFC opened at $79.31 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. VF Corp has a 1 year low of $68.35 and a 1 year high of $97.00. The company has a market cap of $31.47 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.91 and a beta of 0.96.
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 dividend of $0.51 per share. This is a positive change from VF’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, December 7th. VF’s dividend payout ratio (DPR) is 61.74%.
In other VF news, VP Kevin Bailey sold 4,400 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $91.95, for a total transaction of $404,580.00. Following the completion of the sale, the vice president now directly owns 28,861 shares of the company’s stock, valued at approximately $2,653,768.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Carucci acquired 5,000 shares of the business’s stock in a transaction on Wednesday, October 24th. The shares were bought at an average cost of $78.65 per share, with a total value of $393,250.00. Following the completion of the acquisition, the director now owns 48,190 shares in the company, valued at $3,790,143.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 128,533 shares of company stock valued at $11,932,040. Insiders own 1.72% of the company’s stock.
Several research firms have recently commented on VFC. Royal Bank of Canada reduced their price target on shares of VF to $88.00 and set an “outperform” rating for the company in a research report 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 reduced 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 reduced 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. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. VF currently has a consensus rating of “Buy” and a consensus target price of $95.17.
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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