Commonwealth Equity Services LLC Has $9.27 Million Position in VF Corp (VFC)

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Commonwealth Equity Services LLC reduced its holdings in VF Corp (NYSE:VFC) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,234 shares of the textile maker’s stock after selling 2,273 shares during the quarter. Commonwealth Equity Services LLC’s holdings in VF were worth $9,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VFC. Campbell & CO Investment Adviser LLC bought a new stake in VF during the 2nd quarter worth approximately $236,000. Assenagon Asset Management S.A. bought a new stake in VF during the 2nd quarter worth approximately $1,496,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in VF by 582.5% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 42,996 shares of the textile maker’s stock worth $3,538,000 after acquiring an additional 36,696 shares during the period. Amalgamated Bank raised its stake in VF by 5.8% during the 2nd quarter. Amalgamated Bank now owns 48,528 shares of the textile maker’s stock worth $3,956,000 after acquiring an additional 2,640 shares during the period. Finally, Mycio Wealth Partners LLC raised its stake in VF by 4.2% during the 2nd quarter. Mycio Wealth Partners LLC now owns 44,466 shares of the textile maker’s stock worth $3,625,000 after acquiring an additional 1,773 shares during the period.

VFC stock opened at $84.07 on Friday. VF Corp has a fifty-two week low of $69.43 and a fifty-two week high of $97.00. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $33.17 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01.

VF (NYSE:VFC) last posted its earnings results on Friday, October 19th. The textile maker reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.87 billion. VF had a net margin of 6.20% and a return on equity of 37.08%. VF’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. Analysts predict that VF Corp will post 3.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.43%. This is a positive change from VF’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, December 7th. VF’s payout ratio is presently 61.74%.

A number of equities research analysts have commented on VFC shares. Robert W. Baird restated an “outperform” rating and set a $97.00 target price (up previously from $90.00) on shares of VF in a research note on Thursday, July 19th. Cowen reiterated a “hold” rating and set a $94.00 price objective on shares of VF in a research report on Friday, July 20th. Stifel Nicolaus lifted their price objective on shares of VF from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, July 23rd. Telsey Advisory Group lifted their price objective on shares of VF from $86.00 to $107.00 and gave the company an “outperform” rating in a research report on Monday, July 23rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $103.00 price objective on shares of VF in a research report on Monday, July 23rd. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. VF presently has a consensus rating of “Buy” and a consensus target price of $95.17.

In other news, Director Richard Carucci acquired 5,000 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was bought at an average cost of $78.65 per share, with a total value of $393,250.00. Following the completion of the purchase, the director now directly owns 48,190 shares of the company’s stock, valued at $3,790,143.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bryan H. Mcneill sold 25,232 shares of VF 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 directly owns 5,122 shares of the company’s stock, valued at $473,528.90. The disclosure for this sale can be found here. Insiders have sold 59,176 shares of company stock valued at $5,478,371 over the last ninety days. 1.72% of the stock is owned by insiders.

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About VF

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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