Cullen Frost Bankers Inc. boosted its holdings in VF Corp (NYSE:VFC) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,275 shares of the textile maker’s stock after acquiring an additional 240 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in VF were worth $291,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Krane Funds Advisors LLC acquired a new stake in VF in the 2nd quarter valued at approximately $25,000. TRUE Private Wealth Advisors acquired a new stake in VF in the 2nd quarter valued at approximately $26,000. Doyle Wealth Management acquired a new stake in VF in the 2nd quarter valued at approximately $32,000. Independence Bank of Kentucky acquired a new stake in VF in the 3rd quarter valued at approximately $34,000. Finally, Shine Investment Advisory Services Inc. acquired a new stake in VF in the 2nd quarter valued at approximately $35,000.
Several research firms recently commented on VFC. TheStreet cut VF from a “b+” rating to a “c” rating in a research report on Wednesday, July 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $106.00 price target (up from $104.00) on shares of VF in a research report on Thursday, July 25th. UBS Group lifted their price target on VF from $88.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Susquehanna Bancshares lifted their price target on VF from $105.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Credit Suisse Group lifted their price target on VF from $104.00 to $116.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $97.71.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, October 25th. The textile maker reported $1.26 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts predict that VF Corp will post 3.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, December 9th. This is a positive change from VF’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 2.21%. VF’s dividend payout ratio (DPR) is currently 45.50%.
In other news, VP Curtis A. Holtz sold 40,003 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $83.25, for a total transaction of $3,330,249.75. Following the completion of the sale, the vice president now directly owns 64,803 shares of the company’s stock, valued at approximately $5,394,849.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Carucci acquired 2,000 shares of VF stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $78.93 per share, with a total value of $157,860.00. Following the completion of the purchase, the director now owns 64,731 shares in the company, valued at $5,109,217.83. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 85,021 shares of company stock valued at $7,194,376. Corporate insiders own 0.74% of the company’s stock.
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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