NuWave Investment Management LLC grew its holdings in VF Co. (NYSE:VFC – Get Rating) by 84.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,031 shares of the textile maker’s stock after buying an additional 2,303 during the period. NuWave Investment Management LLC’s holdings in VF were worth $286,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atticus Wealth Management LLC acquired a new stake in shares of VF in the fourth quarter valued at approximately $30,000. Missouri Trust & Investment Co acquired a new stake in VF during the 4th quarter worth approximately $30,000. Cornerstone Advisory LLC acquired a new stake in VF during the 4th quarter worth approximately $40,000. Quent Capital LLC acquired a new stake in VF during the 4th quarter worth approximately $43,000. Finally, Kozak & Associates Inc. acquired a new stake in VF during the 3rd quarter worth approximately $46,000. 88.25% of the stock is owned by institutional investors.
In related news, CFO Matthew H. Puckett sold 677 shares of the business’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $49.87, for a total transaction of $33,761.99. Following the sale, the chief financial officer now owns 44,691 shares in the company, valued at approximately $2,228,740.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Rodney Mcmullen acquired 3,000 shares of VF stock in a transaction that occurred on Tuesday, May 31st. The shares were purchased at an average price of $49.99 per share, for a total transaction of $149,970.00. Following the transaction, the director now directly owns 28,125 shares in the company, valued at $1,405,968.75. The disclosure for this purchase can be found here. Insiders have purchased a total of 16,000 shares of company stock worth $740,070 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on VFC. Credit Suisse Group dropped their price target on VF from $81.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 20th. Cowen dropped their price target on VF from $72.00 to $61.00 in a report on Wednesday, May 18th. UBS Group dropped their price target on VF from $65.00 to $55.00 in a report on Friday, May 13th. BTIG Research dropped their objective price on VF from $90.00 to $71.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their objective price on VF from $86.00 to $64.00 in a report on Monday, May 16th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, VF currently has an average rating of “Hold” and an average target price of $62.89.
Shares of VFC opened at $45.74 on Thursday. VF Co. has a 52-week low of $44.17 and a 52-week high of $84.96. The business’s fifty day moving average is $49.61 and its 200-day moving average is 58.84. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.96 and a current ratio of 1.38. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.41 and a beta of 1.42.
VF (NYSE:VFC – Get Rating) last issued its quarterly earnings results on Thursday, May 19th. The textile maker reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). VF had a net margin of 11.71% and a return on equity of 35.47%. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts forecast that VF Co. will post 3.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Friday, June 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $2.00 dividend on an annualized basis and a yield of 4.37%. VF’s dividend payout ratio is currently 56.66%.
About VF (Get Rating)
VF Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.
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