Alecta Pensionsforsakring Omsesidigt decreased its holdings in shares of VF Co. (NYSE:VFC) by 8.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,371,000 shares of the textile maker’s stock after selling 400,000 shares during the period. VF makes up about 2.8% of Alecta Pensionsforsakring Omsesidigt’s holdings, making the stock its 16th biggest position. Alecta Pensionsforsakring Omsesidigt owned approximately 1.10% of VF worth $324,022,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VFC. National Pension Service increased its position in VF by 3.8% during the 4th quarter. National Pension Service now owns 378,544 shares of the textile maker’s stock worth $28,012,000 after purchasing an additional 13,790 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in VF by 5.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 21,199 shares of the textile maker’s stock worth $1,569,000 after purchasing an additional 1,161 shares during the period. Schwab Charles Investment Management Inc. increased its position in VF by 5.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,744,948 shares of the textile maker’s stock worth $129,127,000 after purchasing an additional 97,588 shares during the period. Westpac Banking Corp increased its position in VF by 214.7% during the 4th quarter. Westpac Banking Corp now owns 87,640 shares of the textile maker’s stock worth $6,485,000 after purchasing an additional 59,792 shares during the period. Finally, Carroll Financial Associates Inc. increased its position in VF by 368.3% during the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after purchasing an additional 1,613 shares during the period.
VFC has been the topic of several recent analyst reports. Piper Jaffray upgraded VF from a “neutral” rating to an “overweight” rating and set a $56.00 target price on the stock in a research report on Monday, February 5th. Barclays reiterated a “buy” rating and set a $89.00 target price (down previously from $96.00) on shares of VF in a research report on Tuesday, February 20th. Pivotal Research cut VF from a “buy” rating to a “hold” rating and dropped their target price for the stock from $95.00 to $81.00 in a research report on Friday, February 16th. Guggenheim reiterated a “buy” rating on shares of VF in a research report on Thursday, March 8th. Finally, ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. VF has a consensus rating of “Hold” and an average target price of $78.90.
VF (NYSE:VFC) last announced its earnings results on Friday, May 4th. The textile maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.91 billion. VF had a return on equity of 34.05% and a net margin of 5.24%. VF’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. equities research analysts forecast that VF Co. will post 3.41 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 18th. Shareholders of record on Friday, June 8th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, June 7th. VF’s dividend payout ratio (DPR) is presently 61.74%.
In other VF news, VP Kevin Bailey sold 15,000 shares of the stock in a transaction on Monday, May 14th. The stock was sold at an average price of $77.42, for a total transaction of $1,161,300.00. Following the sale, the vice president now owns 54,571 shares in the company, valued at approximately $4,224,886.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Juliana L. Chugg sold 25,540 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $79.00, for a total value of $2,017,660.00. Following the sale, the director now owns 51,802 shares in the company, valued at approximately $4,092,358. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by corporate insiders.
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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