Cullinan Associates Inc. Invests $806,000 in VF Corp (VFC)

Cullinan Associates Inc. acquired a new stake in VF Corp (NYSE:VFC) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,300 shares of the textile maker’s stock, valued at approximately $806,000.

Several other institutional investors also recently bought and sold shares of the company. IMS Capital Management bought a new stake in VF during the third quarter worth approximately $116,000. Centaurus Financial Inc. bought a new stake in VF during the second quarter worth approximately $119,000. NEXT Financial Group Inc bought a new stake in VF during the third quarter worth approximately $169,000. Point72 Hong Kong Ltd bought a new stake in VF during the second quarter worth approximately $152,000. Finally, Garrison Financial Corp bought a new stake in VF during the third quarter worth approximately $202,000. Institutional investors and hedge funds own 83.55% of the company’s stock.

In related news, Director Richard Carucci bought 5,000 shares of the business’s stock in a transaction on Wednesday, October 24th. The stock was bought at an average price of $78.65 per share, for a total transaction of $393,250.00. Following the transaction, the director now directly owns 48,190 shares in the company, valued at $3,790,143.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.72% of the stock is owned by corporate insiders.

Shares of NYSE:VFC opened at $71.46 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 0.90. The company has a market capitalization of $29.67 billion, a P/E ratio of 23.98, a PEG ratio of 1.82 and a beta of 1.01. VF Corp has a 52 week low of $67.18 and a 52 week high of $97.00.

VF (NYSE:VFC) last released its earnings results on Friday, October 19th. The textile maker reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. VF had a net margin of 6.20% and a return on equity of 37.08%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. On average, research analysts expect that VF Corp will post 3.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 20th. Shareholders of record on Monday, December 10th were given a $0.51 dividend. This is an increase from VF’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, December 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.85%. VF’s dividend payout ratio is presently 68.46%.

A number of analysts recently weighed in on the stock. Deutsche Bank cut shares of VF from a “buy” rating to a “hold” rating and reduced their target price for the stock from $104.00 to $76.00 in a report on Friday. Citigroup reduced their target price on shares of VF from $95.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, October 22nd. Wedbush assumed coverage on shares of VF in a report on Monday, October 15th. They set a “neutral” rating and a $94.00 target price for the company. They noted that the move was a valuation call. Cowen upgraded shares of 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 report on Friday, September 14th. Finally, Credit Suisse Group reduced their price target on shares of VF from $105.00 to $98.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $94.04.

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VF Profile

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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Institutional Ownership by Quarter for VF (NYSE:VFC)

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