Victory Capital Management Inc. boosted its holdings in V.F. Co. (NYSE:VFC – Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 800,360 shares of the textile maker’s stock after buying an additional 24,346 shares during the period. Victory Capital Management Inc. owned approximately 0.21% of V.F. worth $18,336,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of VFC. Moneta Group Investment Advisors LLC grew its stake in V.F. by 97,005.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,843,788 shares of the textile maker’s stock valued at $437,447,000 after buying an additional 15,827,472 shares in the last quarter. Vanguard Group Inc. grew its stake in V.F. by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 40,200,890 shares of the textile maker’s stock valued at $2,285,822,000 after buying an additional 5,626,337 shares in the last quarter. Millennium Management LLC grew its stake in V.F. by 5,060.5% in the 4th quarter. Millennium Management LLC now owns 5,731,857 shares of the textile maker’s stock valued at $158,257,000 after buying an additional 5,620,786 shares in the last quarter. Norges Bank purchased a new position in shares of V.F. during the 4th quarter valued at $83,445,000. Finally, ProShare Advisors LLC grew its position in shares of V.F. by 74.0% during the 4th quarter. ProShare Advisors LLC now owns 5,873,746 shares of the textile maker’s stock valued at $162,174,000 after purchasing an additional 2,497,850 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
VFC has been the subject of a number of recent analyst reports. Wedbush reduced their price target on shares of V.F. from $29.00 to $19.00 in a research report on Monday, May 22nd. BMO Capital Markets reduced their price target on shares of V.F. from $28.00 to $25.00 in a research report on Wednesday, May 24th. Citigroup reduced their price target on shares of V.F. from $22.00 to $20.00 in a research report on Wednesday, May 24th. Bank of America reduced their price target on shares of V.F. from $20.00 to $18.00 in a research report on Wednesday, May 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $27.00 target price on shares of V.F. in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.95.
V.F. Stock Performance
V.F. (NYSE:VFC – Get Free Report) last released its quarterly earnings results on Tuesday, May 23rd. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. V.F. had a net margin of 1.02% and a return on equity of 25.78%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. V.F.’s revenue was down 3.0% on a year-over-year basis. As a group, equities analysts anticipate that V.F. Co. will post 2.11 EPS for the current year.
V.F. Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Monday, June 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date was Friday, June 9th. V.F.’s payout ratio is currently 387.11%.
V.F. Company Profile
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.
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