FOURPOINTS Investment Managers S.A.S. maintained its position in V.F. Corporation (NYSE:VFC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,728 shares of the textile maker’s stock at the end of the first quarter. V.F. Corporation makes up approximately 2.6% of FOURPOINTS Investment Managers S.A.S.’s holdings, making the stock its 12th largest position. FOURPOINTS Investment Managers S.A.S.’s holdings in V.F. Corporation were worth $2,459,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new position in V.F. Corporation during the first quarter valued at approximately $451,000. Schwab Charles Investment Management Inc. increased its position in V.F. Corporation by 50.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,535,732 shares of the textile maker’s stock valued at $84,420,000 after buying an additional 514,245 shares during the period. Kernodle & Katon Asset Management Group LLC acquired a new position in V.F. Corporation during the first quarter valued at approximately $1,095,000. BlackRock Inc. increased its position in V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock valued at $1,070,143,000 after buying an additional 18,412,097 shares during the period. Finally, Harfst & Associates Inc. increased its position in V.F. Corporation by 2.3% in the first quarter. Harfst & Associates Inc. now owns 5,590 shares of the textile maker’s stock valued at $307,000 after buying an additional 127 shares during the period.
V.F. Corporation (VFC) traded up 1.71% during mid-day trading on Friday, hitting $61.85. 1,988,652 shares of the stock traded hands. V.F. Corporation has a 12 month low of $48.05 and a 12 month high of $65.20. The company’s 50 day moving average is $57.07 and its 200 day moving average is $54.18. The company has a market cap of $24.56 billion, a P/E ratio of 23.60 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last issued its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. V.F. Corporation’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect that V.F. Corporation will post $2.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, September 7th. V.F. Corporation’s payout ratio is 64.86%.
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Several research firms recently commented on VFC. Forward View raised shares of V.F. Corporation from a “sell” rating to a “hold” rating in a report on Friday. Susquehanna Bancshares Inc raised shares of V.F. Corporation from a “neutral” rating to a “positive” rating in a report on Friday. UBS AG raised shares of V.F. Corporation from a “neutral” rating to a “positive” rating in a report on Friday. Canaccord Genuity set a $58.00 price objective on shares of V.F. Corporation and gave the stock a “hold” rating in a report on Wednesday. Finally, Macquarie reaffirmed an “outperform” rating and issued a $70.00 price objective (up from $69.00) on shares of V.F. Corporation in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $57.05.
V.F. Corporation Company Profile
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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