Symmetry Partners LLC grew its holdings in shares of VF Co. (NYSE: VFC – Get Rating) by 21.9% in the 1st quarter, HoldingsChannel reports. The firm owned 4,593 shares of the textile maker’s stock after acquiring an additional 826 shares during the quarter. Symmetry Partners LLC’s holdings in VF were worth $ 261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. grew its stake in shares of VF by 2.9% during the 4th quarter. Bessemer Group Inc. now owns 5,465 shares of the textile maker’s stock worth $ 400,000 after acquiring an additional 156 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of VF by 17.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,052 shares of the textile maker’s stock valued at $ 77,000 after buying an additional 160 shares in the last quarter. Lokken Investment Group LLC raised its holdings in shares of VF by 5.0% during the 4th quarter. Lokken Investment Group LLC now owns 3,374 shares of the textile maker’s stock valued at $ 247,000 after buying an additional 162 shares in the last quarter. NorthRock Partners LLC raised its holdings in shares of VF by 5.4% during the 4th quarter. NorthRock Partners LLC now owns 3,212 shares of the textile maker’s stock valued at $ 235,000 after buying an additional 164 shares in the last quarter. Finally, CX Institutional increased its stake in VF by 3.9% in the 4th quarter. CX Institutional now owns 4,480 shares of the textile maker’s stock worth $ 328,000 after purchasing an additional 170 shares during the period. 88.25% of the stock is owned by hedge funds and other institutional investors.
In other VF news, Director W Rodney Mcmullen purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was acquired at an average cost of $ 49.99 per share, with a total value of $ 149,970.00. Following the acquisition, the director now owns 28,125 shares of the company stock, valued at approximately $ 1,405,968.75. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Matthew H. Puckett sold 677 shares of VF stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $ 49.87, for a total transaction of $ 33,761.99. Following the completion of the transaction, the chief financial officer now directly owns 44,691 shares of the company stock, valued at $ 2,228,740.17. The disclosure for this sale can be found here. Insiders have purchased a total of 16,000 shares of company stock worth $ 740,070 in the last ninety days. 0.85% of the stock is currently owned by insiders.
Shares of VFC opened at $ 45.70 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.38 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $ 50.18 and a 200-day simple moving average of $ 59.33. VF Co. has a 1-year low of $ 44.17 and a 1-year high of $ 84.96. The stock has a market cap of $ 17.75 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42.
VF (NYSE: VFC – Get Rating) last announced its earnings results on Thursday, May 19th. The textile maker reported $ 0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $ 0.46 by ($ 0.01). The firm had revenue of $ 2.82 billion for the quarter, compared to analyst estimates of $ 2.83 billion. VF had a return on equity of 35.47% and a net margin of 11.71%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $ 0.27 EPS. On average, equities analysts expect that VF Co. will post 3.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Friday, June 10th will be paid a $ 0.50 dividend. This represents a $ 2.00 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, June 9th. VF’s dividend payout ratio is presently 56.66%.
A number of equities research analysts have recently weighed in on VFC shares. Stifel Nicolaus cut their price objective on VF from $ 74.00 to $ 42.00 in a research report on Friday, May 20th. StockNews.com initiated coverage on VF in a research report on Thursday, March 31st. They set a “hold” rating for the company. The Goldman Sachs Group cut their price target on VF from $ 46.00 to $ 40.00 and set a “sell” rating for the company in a report on Friday, May 20th. Robert W. Baird dropped their price objective on VF from $ 80.00 to $ 60.00 and set an “outperform” rating for the company in a research note on Friday, May 20th. Finally, Cowen dropped their price objective on VF from $ 72.00 to $ 61.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $ 62.89.
VF Company Profile: (Get Rating)
VF Corporation, together with its subsidiaries, 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 Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.
Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VF Co. (NYSE: VFC – Get Rating).
Receive News & Ratings for VF Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for VF and related companies with MarketBeat.com’s FREE daily email newsletter.