Banque Cantonale Vaudoise cut its holdings in V.F. Co. (NYSE:VFC – Free Report) by 13.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,841 shares of the textile maker’s stock after selling 10,600 shares during the period. Banque Cantonale Vaudoise’s holdings in V.F. were worth $1,275,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in V.F. by 2.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,616 shares of the textile maker’s stock valued at $1,100,000 after acquiring an additional 1,612 shares during the period. Andra AP fonden grew its stake in V.F. by 96.1% during the second quarter. Andra AP fonden now owns 166,900 shares of the textile maker’s stock worth $3,186,000 after buying an additional 81,800 shares during the last quarter. KLCM Advisors Inc. grew its stake in V.F. by 56.3% during the second quarter. KLCM Advisors Inc. now owns 27,757 shares of the textile maker’s stock worth $530,000 after buying an additional 10,002 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in V.F. by 19.7% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 338,205 shares of the textile maker’s stock worth $6,456,000 after buying an additional 55,774 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of V.F. by 12.0% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,237,885 shares of the textile maker’s stock valued at $23,631,000 after purchasing an additional 132,383 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on VFC shares. Stifel Nicolaus reduced their price objective on shares of V.F. from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Piper Sandler dropped their price objective on shares of V.F. from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, October 31st. StockNews.com initiated coverage on shares of V.F. in a report on Thursday, October 5th. They set a “sell” rating on the stock. Barclays lowered their price target 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. Finally, Citigroup decreased their price objective on shares of V.F. from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.65.
In related news, Director Matthew J. Shattock acquired 20,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $14.58 per share, for a total transaction of $291,600.00. Following the transaction, the director now directly owns 40,000 shares in the company, valued at $583,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.
V.F. Price Performance
Shares of V.F. stock opened at $15.57 on Wednesday. V.F. Co. has a twelve month low of $12.85 and a twelve month high of $34.90. The company has a quick ratio of 0.78, a current ratio of 1.48 and a debt-to-equity ratio of 2.56. The company has a 50-day simple moving average of $16.85 and a two-hundred day simple moving average of $18.61. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of -28.31, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47.
V.F. (NYSE:VFC – Get Free Report) last issued its quarterly earnings data on Monday, October 30th. The textile maker reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.99 billion. V.F. had a positive return on equity of 24.58% and a negative net margin of 1.89%. V.F.’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 EPS. Analysts forecast that V.F. Co. will post 1.56 EPS for the current year.
V.F. Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, December 11th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, December 8th. V.F.’s payout ratio is presently -218.18%.
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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