Rhumbline Advisers Has $14.72 Million Stock Position in V.F. Co. (NYSE:VFC)

Rhumbline Advisers grew its stake in V.F. Co. (NYSE:VFC – Free Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 642,542 shares of the textile maker’s stock after purchasing an additional 15,880 shares during the quarter. Rhumbline Advisers owned about 0.17% of V.F. worth $14,721,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pitcairn Co. acquired a new position in shares of V.F. in the 4th quarter valued at $220,000. Arizona State Retirement System raised its stake in V.F. by 4.2% during the 4th quarter. Arizona State Retirement System now owns 93,471 shares of the textile maker’s stock worth $2,581,000 after buying an additional 3,748 shares during the period. Charles Schwab Investment Management Inc. raised its stake in V.F. by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,577,730 shares of the textile maker’s stock worth $226,994,000 after buying an additional 968,595 shares during the period. Wealthfront Advisers LLC raised its stake in V.F. by 77.2% during the 1st quarter. Wealthfront Advisers LLC now owns 232,474 shares of the textile maker’s stock worth $5,326,000 after buying an additional 101,279 shares during the period. Finally, Community Bank of Raymore acquired a new stake in V.F. during the 1st quarter worth $933,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

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V.F. Price Performance

Shares of NYSE VFC opened at $19.76 on Friday. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 65.87, a PEG ratio of 1.44 and a beta of 1.45. The business has a 50-day moving average of $19.41 and a 200-day moving average of $20.93. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.37 and a quick ratio of 0.64. V.F. Co. has a fifty-two week low of $16.77 and a fifty-two week high of $44.82.

V.F. (NYSE:VFC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). V.F. had a return on equity of 24.13% and a net margin of 1.02%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. As a group, sell-side analysts predict that V.F. Co. will post 2.06 earnings per share for the current fiscal year.

V.F. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Monday, September 11th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Friday, September 8th. V.F.’s payout ratio is currently 400.00%.

Analyst Ratings Changes

Several analysts recently commented on VFC shares. Citigroup dropped their price objective on V.F. from $22.00 to $20.00 in a research note on Wednesday, May 24th. UBS Group dropped their price objective on V.F. from $24.00 to $22.00 in a research note on Tuesday, May 9th. Wedbush reaffirmed a “neutral” rating and set a $21.00 price objective on shares of V.F. in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on V.F. from $33.00 to $26.00 in a report on Wednesday, May 24th. Finally, 888 reiterated a “maintains” rating on shares of V.F. in a report on Monday, May 22nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.06.

Check Out Our Latest Stock Analysis on VFC

V.F. Company Profile

(Free Report)

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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