Savior LLC Acquires Shares of 361 VF Corp (NYSE:VFC)

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Savior LLC acquired a new position in VF Corp (NYSE:VFC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 361 shares of the textile maker’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Parnassus Investments CA raised its stake in VF by 1.0% in the third quarter. Parnassus Investments CA now owns 7,203,867 shares of the textile maker’s stock worth $641,072,000 after buying an additional 69,219 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of VF by 153.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,804,466 shares of the textile maker’s stock worth $507,020,000 after acquiring an additional 3,516,600 shares during the period. Alecta Pensionsforsakring Omsesidigt grew its holdings in shares of VF by 4.0% during the 4th quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,200,000 shares of the textile maker’s stock worth $418,152,000 after acquiring an additional 160,000 shares during the period. California Public Employees Retirement System grew its holdings in shares of VF by 11.0% during the 2nd quarter. California Public Employees Retirement System now owns 1,752,924 shares of the textile maker’s stock worth $153,118,000 after acquiring an additional 173,841 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of VF by 825.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,368,778 shares of the textile maker’s stock worth $119,562,000 after acquiring an additional 1,220,833 shares in the last quarter.

Shares of VF stock opened at $85.41 on Friday. VF Corp has a twelve month low of $76.77 and a twelve month high of $100.25. The company has a quick ratio of 1.20, a current ratio of 1.99 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average is $95.67 and its 200 day moving average is $88.55. The company has a market cap 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 posted its earnings results on Thursday, January 23rd. The textile maker reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.43 billion. VF had a net margin of 10.07% and a return on equity of 32.04%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 EPS. Sell-side analysts expect that VF Corp will post 3.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders 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 dividend yield of 2.25%. VF’s dividend payout ratio (DPR) is currently 50.79%.

In related news, Director Clarence Otis, Jr. sold 16,930 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $91.14, for a total value of $1,543,000.20. Following the transaction, the director now owns 25,722 shares of the company’s stock, valued at $2,344,303.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kevin Bailey sold 21,314 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $83.14, for a total transaction of $1,772,045.96. Following the completion of the transaction, 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 193,826 shares of company stock valued at $17,535,241 in the last ninety days. 0.74% of the stock is currently owned by corporate insiders.

VFC has been the subject of a number of research analyst reports. Susquehanna Bancshares restated a “buy” rating and issued a $119.00 target price on shares of VF in a research note on Tuesday. ValuEngine cut VF from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Credit Suisse Group increased their price objective on VF from $104.00 to $116.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Guggenheim reissued a “buy” rating on shares of VF in a research report on Tuesday, December 10th. Finally, Wedbush dropped their target price on shares of VF from $98.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. VF has a consensus rating of “Buy” and a consensus price target of $100.67.

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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