Bokf Na Has $839,000 Holdings in V.F. Co. (NYSE:VFC)

Posted by Defense World Staff on Jun 11th, 2023

Bokf Na grew its holdings in shares of V.F. Co. (NYSE:VFC – Get Rating) by 312.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,385 shares of the textile maker’s stock after acquiring an additional 23,024 shares during the quarter. Bokf Na’s holdings in V.F. were worth $839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. TCI Wealth Advisors Inc. increased its position in V.F. by 345.7% during the 4th quarter. TCI Wealth Advisors Inc. now owns 927 shares of the textile maker’s stock worth $26,000 after purchasing an additional 719 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of V.F. by 50.4% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,006 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 337 shares during the last quarter. General Partner Inc. acquired a new stake in shares of V.F. during the 4th quarter valued at $30,000. Guardian Wealth Advisors LLC bought a new position in V.F. in the third quarter valued at about $33,000. Finally, Bogart Wealth LLC boosted its position in V.F. by 878.9% during the 4th quarter. Bogart Wealth LLC now owns 1,116 shares of the textile maker’s stock worth $31,000 after buying an additional 1,002 shares during the period. Institutional investors own 96.89% of the company’s stock.

V.F. Stock Performance

VFC stock opened at $19.11 on Friday. The stock has a market capitalization of $7.43 billion, a PE ratio of 61.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.45. The stock’s 50 day simple moving average is $20.87 and its 200 day simple moving average is $24.97. V.F. Co. has a 12-month low of $16.77 and a 12-month high of $48.63. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

V.F. (NYSE:VFC – Get Rating) last announced its earnings results on Tuesday, May 23rd. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. V.F. had a return on equity of 25.78% and a net margin of 1.02%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. As a group, research analysts forecast that V.F. Co. will post 2.11 earnings per share for the current fiscal year.

V.F. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Monday, June 12th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date is Friday, June 9th. V.F.’s dividend payout ratio (DPR) is 387.11%.

Wall Street Analysts Forecast Growth

VFC has been the subject of several analyst reports. StockNews.com lowered shares of V.F. from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Bank of America dropped their price objective on shares of V.F. from $20.00 to $18.00 in a research note on Wednesday, May 24th. Robert W. Baird decreased their target price on shares of V.F. from $24.00 to $22.00 in a research report on Wednesday, May 24th. Wells Fargo & Company raised shares of V.F. from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $18.00 to $22.00 in a research report on Friday, May 5th. Finally, Citigroup lowered their price objective on V.F. from $22.00 to $20.00 in a research note on Wednesday, May 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, V.F. presently has a consensus rating of “Hold” and a consensus price target of $28.42.

Insider Buying and Selling at V.F.

In other news, Director Carol L. Roberts bought 7,109 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average cost of $21.07 per share, for a total transaction of $149,786.63. Following the completion of the transaction, the director now owns 7,109 shares of the company’s stock, valued at $149,786.63. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

V.F. Profile

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V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.