VF Corp (VFC) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in shares of VF Corp (NYSE:VFC) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,848 shares of the textile maker’s stock after selling 2,327 shares during the period. Oppenheimer Asset Management Inc.’s holdings in VF were worth $4,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in VF by 9.6% during the second quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock worth $2,019,258,000 after buying an additional 2,179,165 shares during the period. XR Securities LLC acquired a new position in VF during the third quarter worth approximately $308,000. Point72 Hong Kong Ltd acquired a new position in VF during the second quarter worth approximately $152,000. Tyers Asset Management LLC increased its position in VF by 7.9% during the second quarter. Tyers Asset Management LLC now owns 8,382 shares of the textile maker’s stock worth $683,000 after buying an additional 616 shares during the period. Finally, Federated Investors Inc. PA increased its position in VF by 1,270.2% during the second quarter. Federated Investors Inc. PA now owns 113,415 shares of the textile maker’s stock worth $9,246,000 after buying an additional 105,138 shares during the period.

In related news, VP Bryan H. Mcneill sold 25,232 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $92.45, for a total transaction of $2,332,698.40. Following the transaction, the vice president now owns 5,122 shares of the company’s stock, valued at $473,528.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott A. Roe sold 29,544 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $92.78, for a total value of $2,741,092.32. Following the transaction, the chief financial officer now directly owns 102,165 shares in the company, valued at approximately $9,478,868.70. The disclosure for this sale can be found here. Insiders have sold 128,533 shares of company stock worth $11,932,040 in the last ninety days. 1.72% of the stock is currently owned by corporate insiders.



VFC has been the topic of several research analyst reports. Buckingham Research lifted their price target on VF from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 17th. Pivotal Research set a $86.00 target price on VF and gave the company a “hold” rating in a report on Tuesday, July 17th. Barclays boosted their target price on VF from $89.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, July 23rd. Canaccord Genuity set a $108.00 target price on VF and gave the company a “buy” rating in a report on Monday, October 22nd. Finally, Royal Bank of Canada started coverage on VF in a report on Wednesday, July 18th. They issued an “outperform” rating and a $102.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $95.17.

Shares of VFC stock opened at $81.08 on Tuesday. VF Corp has a 1-year low of $68.35 and a 1-year high of $97.00. The firm has a market cap of $31.44 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. The company has a current ratio of 1.54, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51.

VF (NYSE:VFC) last announced its quarterly earnings data on Friday, October 19th. The textile maker reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.10. VF had a return on equity of 37.08% and a net margin of 6.20%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. VF’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts predict that VF Corp will post 3.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 10th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Friday, December 7th. This is a positive change from VF’s previous quarterly dividend of $0.46. VF’s dividend payout ratio is currently 61.74%.

VF 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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Institutional Ownership by Quarter for VF (NYSE:VFC)

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