Ferris Capital LLC Decreases Position in VF Corp (NYSE:VFC)

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Ferris Capital LLC cut its stake in VF Corp (NYSE:VFC) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,969 shares of the textile maker’s stock after selling 350 shares during the quarter. Ferris Capital LLC’s holdings in VF were worth $1,392,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. lifted its stake in VF by 7.9% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 3,275 shares of the textile maker’s stock valued at $291,000 after buying an additional 240 shares in the last quarter. Dearborn Partners LLC lifted its stake in VF by 3.4% in the 3rd quarter. Dearborn Partners LLC now owns 322,684 shares of the textile maker’s stock valued at $28,715,000 after buying an additional 10,556 shares in the last quarter. Smith Shellnut Wilson LLC ADV lifted its stake in VF by 6.1% in the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 3,894 shares of the textile maker’s stock valued at $347,000 after buying an additional 224 shares in the last quarter. SG Americas Securities LLC lifted its stake in VF by 7.7% in the 3rd quarter. SG Americas Securities LLC now owns 104,073 shares of the textile maker’s stock valued at $9,261,000 after buying an additional 7,409 shares in the last quarter. Finally, Resources Management Corp CT ADV purchased a new position in VF in the 3rd quarter valued at about $8,841,000.

VFC has been the topic of a number of research reports. Credit Suisse Group raised their price target on shares of VF from $104.00 to $116.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Barclays began coverage on shares of VF in a research note on Tuesday, November 12th. They issued an “overweight” rating and a $103.00 price target on the stock. ValuEngine lowered shares of VF from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Susquehanna Bancshares reissued a “buy” rating and issued a $119.00 target price on shares of VF in a research note on Tuesday. Finally, Pivotal Research raised their target price on shares of VF from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $101.33.

VFC opened at $85.41 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.99 and a quick ratio of 1.20. The company’s 50 day simple moving average is $95.67 and its two-hundred day simple moving average is $88.55. VF Corp has a 1-year low of $76.77 and a 1-year high of $100.25. The firm has a market capitalization of $37.77 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.49 and a beta of 1.19.

VF (NYSE:VFC) last released its earnings results on Thursday, January 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.02. VF had a net margin of 10.07% and a return on equity of 32.04%. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company posted $1.31 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, equities analysts anticipate that VF Corp will post 3.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.25%. VF’s dividend payout ratio (DPR) is 50.79%.

In other news, CEO Steven E. Rendle sold 155,582 shares of VF stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $91.40, for a total transaction of $14,220,194.80. Following the sale, the chief executive officer now owns 302,013 shares of the company’s stock, valued at approximately $27,603,988.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kevin Bailey sold 21,314 shares of VF stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $83.14, for a total transaction of $1,772,045.96. Following the sale, the vice president now directly owns 71,241 shares in the company, valued at approximately $5,922,976.74. The disclosure for this sale can be found here. Insiders sold a total of 193,826 shares of company stock worth $17,535,241 over the last three months. 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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Institutional Ownership by Quarter for VF (NYSE:VFC)

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