Mirae Asset Global Investments Co. Ltd. Increases Holdings in V.F. Co. (NYSE:VFC)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of V.F. Co. (NYSE:VFCGet Rating) by 5.0% in the first quarter, Holdings Channel reports. The institutional investor owned 125,367 shares of the textile maker’s stock after buying an additional 5,977 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in V.F. were worth $7,128,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VFC. Citigroup Inc. increased its holdings in shares of V.F. by 135.4% in the 1st quarter. Citigroup Inc. now owns 350,763 shares of the textile maker’s stock worth $19,944,000 after purchasing an additional 201,744 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of V.F. by 88.0% in the 1st quarter. Cetera Advisors LLC now owns 6,204 shares of the textile maker’s stock worth $353,000 after purchasing an additional 2,904 shares in the last quarter. Samalin Investment Counsel LLC increased its holdings in shares of V.F. by 63.8% in the 1st quarter. Samalin Investment Counsel LLC now owns 3,314 shares of the textile maker’s stock worth $188,000 after purchasing an additional 1,291 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of V.F. by 3.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 49,541 shares of the textile maker’s stock worth $2,817,000 after purchasing an additional 1,504 shares in the last quarter. Finally, Financial Advocates Investment Management increased its holdings in shares of V.F. by 11.7% in the 1st quarter. Financial Advocates Investment Management now owns 12,343 shares of the textile maker’s stock worth $702,000 after purchasing an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 87.01% of the company’s stock.

Insider Transactions at V.F.

In related news, Director W Rodney Mcmullen bought 6,000 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were purchased at an average price of $44.76 per share, with a total value of $268,560.00. Following the completion of the acquisition, the director now owns 34,146 shares of the company’s stock, valued at $1,528,374.96. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other V.F. news, Director W Rodney Mcmullen purchased 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were bought at an average price of $44.76 per share, with a total value of $268,560.00. Following the completion of the purchase, the director now directly owns 34,146 shares in the company, valued at $1,528,374.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Carucci purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average cost of $41.44 per share, for a total transaction of $414,400.00. Following the purchase, the director now owns 115,528 shares of the company’s stock, valued at $4,787,480.32. The disclosure for this purchase can be found here. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

VFC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on V.F. from $47.00 to $44.00 in a report on Friday, September 16th. Barclays cut their price objective on V.F. to $46.00 in a report on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft cut their price objective on V.F. from $59.00 to $56.00 and set a “buy” rating for the company in a report on Monday, August 1st. Telsey Advisory Group cut their price objective on V.F. from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, July 29th. Finally, StockNews.com lowered V.F. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.44.

V.F. Price Performance

VFC stock opened at $37.16 on Thursday. V.F. Co. has a one year low of $37.15 and a one year high of $78.91. The company’s fifty day moving average price is $44.10 and its 200-day moving average price is $48.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.66 and a current ratio of 1.33. The company has a market capitalization of $14.44 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.35.

V.F. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Monday, September 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend was Friday, September 9th. V.F.’s dividend payout ratio (DPR) is presently 77.82%.

About V.F.

(Get Rating)

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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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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