Sit Investment Associates Inc. lifted its holdings in VF Corp (NYSE:VFC) by 172.0% in the first quarter, HoldingsChannel reports. The firm owned 111,905 shares of the textile maker’s stock after buying an additional 70,760 shares during the period. Sit Investment Associates Inc.’s holdings in VF were worth $9,726,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of VFC. Clarius Group LLC purchased a new position in shares of VF during the 1st quarter valued at about $205,000. GYL Financial Synergies LLC purchased a new position in shares of VF in the 1st quarter valued at about $1,151,000. Riverhead Capital Management LLC increased its stake in shares of VF by 7.1% in the 1st quarter. Riverhead Capital Management LLC now owns 12,328 shares of the textile maker’s stock valued at $1,071,000 after purchasing an additional 816 shares in the last quarter. Andra AP fonden purchased a new position in shares of VF in the 1st quarter valued at about $3,815,000. Finally, GWM Advisors LLC increased its stake in shares of VF by 13.2% in the 1st quarter. GWM Advisors LLC now owns 145,253 shares of the textile maker’s stock valued at $12,624,000 after purchasing an additional 16,897 shares in the last quarter.
NYSE:VFC traded up $0.01 during trading hours on Friday, hitting $86.84. 187,941 shares of the stock were exchanged, compared to its average volume of 1,997,343. VF Corp has a 52-week low of $67.18 and a 52-week high of $97.00. The company has a current ratio of 1.76, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. The firm has a market cap of $34.41 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.16.
VF (NYSE:VFC) last posted its quarterly earnings data on Wednesday, May 22nd. The textile maker reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. VF had a return on equity of 36.62% and a net margin of 9.10%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the business earned $0.67 EPS. VF’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that VF Corp will post 3.34 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.51 per share. This is a positive change from VF’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, June 7th. VF’s payout ratio is 53.97%.
Several equities analysts recently weighed in on VFC shares. Guggenheim restated a “buy” rating and issued a $95.00 price target (up previously from $90.00) on shares of VF in a research note on Thursday, May 23rd. Cowen lifted their price target on VF from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Wedbush lifted their price target on VF from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. UBS Group lifted their price target on VF from $84.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Finally, Pivotal Research restated a “hold” rating and issued a $88.00 price target (up previously from $85.00) on shares of VF in a research note on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $93.70.
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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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