Tredje AP fonden Sells 1,126 Shares of VF Corporation (NYSE:VFC)

Tredje AP fonden lessened its holdings in VF Corporation (NYSE:VFC) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,212 shares of the textile maker’s stock after selling 1,126 shares during the quarter. Tredje AP fonden’s holdings in VF were worth $745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of VF by 22.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,241,702 shares of the textile maker’s stock valued at $60,951,000 after acquiring an additional 590,434 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of VF by 24.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 24,920 shares of the textile maker’s stock valued at $469,000 after acquiring an additional 4,865 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of VF by 11.6% during the 4th quarter. Panagora Asset Management Inc. now owns 30,134 shares of the textile maker’s stock worth $567,000 after purchasing an additional 3,140 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in VF by 785.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 62,420 shares of the textile maker’s stock worth $1,173,000 after acquiring an additional 55,371 shares in the last quarter. Finally, Norges Bank acquired a new stake in VF in the 4th quarter valued at $76,059,000. Institutional investors and hedge funds own 86.84% of the company’s stock.

Insider Activity

In other news, Director Richard Carucci bought 15,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now directly owns 230,178 shares in the company, valued at $3,843,972.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on VFC. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wedbush reiterated a “neutral” rating and issued a $13.00 target price on shares of VF in a research note on Monday, August 5th. TD Cowen boosted their price objective on VF from $9.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. BMO Capital Markets boosted their price target on shares of VF from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Finally, Barclays raised shares of VF from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $22.00 in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.19.

VF Trading Up 0.1 %

Shares of VFC opened at $18.67 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.99 and a quick ratio of 0.51. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of -7.47, a PEG ratio of 2.05 and a beta of 1.53. The company has a 50-day moving average of $17.15 and a 200 day moving average of $14.78. VF Corporation has a 1-year low of $11.00 and a 1-year high of $20.69.

VF (NYSE:VFC) last announced its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.04. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted ($0.15) earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, research analysts expect that VF Corporation will post 0.73 EPS for the current year.

VF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Tuesday, September 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, September 10th. VF’s payout ratio is currently -14.40%.

About VF

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.