Schwab Charles Investment Management Inc. Acquires 514,245 Shares of V.F. Corporation (VFC)

Schwab Charles Investment Management Inc. boosted its position in V.F. Corporation (NYSE:VFC) by 50.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,535,732 shares of the textile maker’s stock after buying an additional 514,245 shares during the period. Schwab Charles Investment Management Inc. owned about 0.37% of V.F. Corporation worth $84,420,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VFC. TrimTabs Asset Management LLC purchased a new stake in shares of V.F. Corporation during the first quarter worth about $121,000. WFG Advisors LP boosted its stake in shares of V.F. Corporation by 7.4% in the first quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock valued at $136,000 after buying an additional 170 shares in the last quarter. Crestwood Advisors Group LLC bought a new stake in shares of V.F. Corporation during the first quarter valued at $141,000. NINE MASTS CAPITAL Ltd acquired a new position in shares of V.F. Corporation during the first quarter valued at approximately $148,000. Finally, Norway Savings Bank raised its position in shares of V.F. Corporation by 4.2% in the first quarter. Norway Savings Bank now owns 2,918 shares of the textile maker’s stock valued at $160,000 after buying an additional 118 shares during the last quarter.

Shares of V.F. Corporation (NYSE VFC) traded up 1.71% on Friday, hitting $61.85. The stock had a trading volume of 1,988,652 shares. The company has a market cap of $24.56 billion, a price-to-earnings ratio of 23.60 and a beta of 0.78. V.F. Corporation has a 12-month low of $48.05 and a 12-month high of $65.20. The stock has a 50 day moving average price of $57.07 and a 200-day moving average price of $54.18.

V.F. Corporation (NYSE:VFC) last announced its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the firm earned $0.35 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts expect that V.F. Corporation will post $2.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 8th will be given a $0.42 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.68 dividend on an annualized basis and a yield of 2.72%. V.F. Corporation’s payout ratio is currently 64.86%.

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VFC has been the subject of several research reports. Canaccord Genuity set a $53.00 target price on V.F. Corporation and gave the stock a “hold” rating in a research note on Saturday, April 1st. B. Riley restated a “neutral” rating and set a $53.00 target price on shares of V.F. Corporation in a report on Monday, April 3rd. Cowen and Company increased their price objective on V.F. Corporation from $52.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, April 4th. Vetr downgraded V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 price target for the company. in a report on Tuesday, April 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $56.00 price target on shares of V.F. Corporation in a report on Sunday, April 23rd. 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 presently has a consensus rating of “Hold” and an average price target 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.

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

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