Northstar Investment Advisors LLC reduced its stake in VF Corp (NYSE:VFC) by 5.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 127,856 shares of the textile maker’s stock after selling 8,015 shares during the period. VF accounts for approximately 2.0% of Northstar Investment Advisors LLC’s investment portfolio, making the stock its 20th largest position. Northstar Investment Advisors LLC’s holdings in VF were worth $9,121,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of VFC. Dimensional Fund Advisors LP grew its holdings in VF by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 883,652 shares of the textile maker’s stock valued at $72,036,000 after buying an additional 32,767 shares in the last quarter. FMR LLC lifted its stake in shares of VF by 106.9% in the 2nd quarter. FMR LLC now owns 3,466,116 shares of the textile maker’s stock valued at $282,557,000 after purchasing an additional 1,790,625 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of VF by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,570 shares of the textile maker’s stock valued at $1,596,000 after purchasing an additional 1,485 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of VF by 18.2% in the 2nd quarter. OppenheimerFunds Inc. now owns 17,491 shares of the textile maker’s stock valued at $1,426,000 after purchasing an additional 2,697 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of VF in the 2nd quarter valued at $300,000. Institutional investors own 83.55% of the company’s stock.
VFC traded down $1.38 during mid-day trading on Friday, hitting $72.26. 25,754 shares of the stock were exchanged, compared to its average volume of 2,116,685. VF Corp has a 1-year low of $67.18 and a 1-year high of $97.00. The company has a current ratio of 1.54, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a market cap of $29.67 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.82 and a beta of 1.01.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 20th. Shareholders of record on Monday, December 10th were given a $0.51 dividend. The ex-dividend date was Friday, December 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. This is a positive change from VF’s previous quarterly dividend of $0.46. VF’s dividend payout ratio (DPR) is currently 68.46%.
Several equities analysts have recently commented on the company. Cowen raised VF from a “market perform” rating to a “buy” rating and upped their price target for the company from $96.00 to $106.00 in a research note on Friday, September 14th. Bank of America set a $105.00 price target on VF and gave the company a “buy” rating in a research note on Thursday, September 13th. Buckingham Research decreased their price target on VF from $89.00 to $86.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 17th. Wedbush assumed coverage on VF in a research note on Monday, October 15th. They issued a “neutral” rating and a $94.00 price target on the stock. They noted that the move was a valuation call. Finally, Pivotal Research set a $90.00 price target on VF and gave the company a “hold” rating in a research note on Monday, October 15th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $94.75.
In related news, Director Richard Carucci purchased 5,000 shares of VF stock in a transaction on Wednesday, October 24th. The shares were bought at an average price of $78.65 per share, with a total value of $393,250.00. Following the transaction, the director now directly owns 48,190 shares of the company’s stock, valued at $3,790,143.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.72% of the stock is owned by company insiders.
V.F. Corporation engages in the design, production, 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 four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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