Empirical Finance LLC Grows Stock Holdings in V.F. Co. (NYSE:VFC)

Empirical Finance LLC raised its position in shares of V.F. Co. (NYSE:VFC) by 17.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,823 shares of the textile maker’s stock after purchasing an additional 559 shares during the period. Empirical Finance LLC’s holdings in V.F. were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VFC. Northern Trust Corp raised its position in V.F. by 68.1% during the first quarter. Northern Trust Corp now owns 28,576,184 shares of the textile maker’s stock valued at $2,283,808,000 after purchasing an additional 11,573,699 shares in the last quarter. Victory Capital Management Inc. raised its position in V.F. by 1,673.4% during the second quarter. Victory Capital Management Inc. now owns 3,499,489 shares of the textile maker’s stock valued at $287,099,000 after purchasing an additional 3,302,152 shares in the last quarter. Parnassus Investments CA raised its position in V.F. by 24.0% during the second quarter. Parnassus Investments CA now owns 12,460,177 shares of the textile maker’s stock valued at $1,022,233,000 after purchasing an additional 2,412,380 shares in the last quarter. Capital International Investors raised its position in V.F. by 39.9% during the first quarter. Capital International Investors now owns 8,077,303 shares of the textile maker’s stock valued at $645,541,000 after purchasing an additional 2,304,556 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in V.F. by 51.3% during the first quarter. JPMorgan Chase & Co. now owns 5,920,759 shares of the textile maker’s stock valued at $473,186,000 after purchasing an additional 2,008,218 shares in the last quarter. Institutional investors and hedge funds own 82.24% of the company’s stock.

VFC has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on V.F. in a report on Wednesday, July 14th. They issued a “sell” rating and a $79.00 price objective on the stock. Royal Bank of Canada decreased their price objective on V.F. from $102.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, May 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on V.F. from $101.00 to $106.00 and gave the stock a “buy” rating in a report on Monday, August 2nd. Barclays boosted their price target on V.F. from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Monday, August 2nd. Finally, TheStreet upgraded V.F. from a “c” rating to a “b-” rating in a report on Friday, July 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $92.67.

V.F. stock opened at $69.15 on Friday. The stock’s 50 day simple moving average is $77.95 and its two-hundred day simple moving average is $80.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market cap of $27.13 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 0.88 and a beta of 1.41. V.F. Co. has a fifty-two week low of $66.26 and a fifty-two week high of $90.79.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Thursday, July 29th. The textile maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.16. V.F. had a return on equity of 26.99% and a net margin of 9.83%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the firm posted ($0.57) EPS. The business’s revenue for the quarter was up 104.4% compared to the same quarter last year. On average, analysts predict that V.F. Co. will post 3.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 20th. Investors of record on Friday, September 10th will be given a $0.49 dividend. The ex-dividend date is Thursday, September 9th. This represents a $1.96 annualized dividend and a yield of 2.83%. V.F.’s dividend payout ratio (DPR) is presently 149.62%.

V.F. Company Profile

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.

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

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