Maverick Capital Ltd. decreased its position in shares of V.F. Co. (NYSE:VFC – Free Report) by 39.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,609 shares of the textile maker’s stock after selling 80,622 shares during the quarter. Maverick Capital Ltd.’s holdings in V.F. were worth $2,878,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. North Star Investment Management Corp. boosted its holdings in shares of V.F. by 1,000.0% during the first quarter. North Star Investment Management Corp. now owns 1,320 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 1,200 shares during the period. OLD Mission Capital LLC bought a new stake in shares of V.F. during the fourth quarter valued at about $32,000. Hexagon Capital Partners LLC raised its stake in shares of V.F. by 42.9% during the first quarter. Hexagon Capital Partners LLC now owns 1,606 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 482 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of V.F. during the first quarter valued at about $38,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of V.F. by 213.5% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,737 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 1,183 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on VFC. Deutsche Bank Aktiengesellschaft cut their price objective on shares of V.F. from $33.00 to $26.00 in a research note on Wednesday, May 24th. Barclays cut their price objective on shares of V.F. from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 2nd. Wedbush reiterated a “neutral” rating and issued a $21.00 price target on shares of V.F. in a research report on Tuesday, August 29th. Bank of America dropped their price target on shares of V.F. from $20.00 to $18.00 in a research report on Wednesday, May 24th. Finally, Citigroup cut their price objective on V.F. from $22.00 to $20.00 in a report on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.06.
V.F. Stock Down 4.0 %
Shares of NYSE VFC traded down $0.75 during trading hours on Monday, hitting $18.05. The stock had a trading volume of 4,923,745 shares, compared to its average volume of 7,140,183. The company has a market capitalization of $7.02 billion, a P/E ratio of 59.90, a P/E/G ratio of 1.44 and a beta of 1.45. The firm’s 50-day moving average price is $19.51 and its two-hundred day moving average price is $20.55. V.F. Co. has a 52 week low of $16.77 and a 52 week high of $44.82. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.64 and a current ratio of 1.37.
V.F. (NYSE:VFC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The textile maker reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. V.F. had a net margin of 1.02% and a return on equity of 24.13%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Analysts anticipate that V.F. Co. will post 2.06 EPS for the current fiscal year.
V.F. Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Monday, September 11th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a yield of 6.65%. V.F.’s payout ratio is currently 400.00%.
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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