Aperio Group LLC Raises Stock Position in V.F. Co. (NYSE:VFC)

Aperio Group LLC increased its stake in V.F. Co. (NYSE:VFC) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,449 shares of the textile maker’s stock after purchasing an additional 3,499 shares during the quarter. Aperio Group LLC’s holdings in V.F. were worth $13,730,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in V.F. by 42.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 8,645,008 shares of the textile maker’s stock valued at $526,828,000 after acquiring an additional 2,575,045 shares during the last quarter. FMR LLC grew its stake in shares of V.F. by 157.0% in the 2nd quarter. FMR LLC now owns 2,942,075 shares of the textile maker’s stock worth $179,289,000 after buying an additional 1,797,118 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of V.F. in the 2nd quarter worth $26,794,000. DekaBank Deutsche Girozentrale grew its stake in shares of V.F. by 132.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 562,579 shares of the textile maker’s stock worth $33,686,000 after buying an additional 320,380 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of V.F. by 253.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 354,072 shares of the textile maker’s stock worth $24,874,000 after buying an additional 253,993 shares in the last quarter. Institutional investors own 69.41% of the company’s stock.

In other news, CFO Scott A. Roe sold 53,059 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $78.98, for a total value of $4,190,599.82. Following the completion of the sale, the chief financial officer now owns 135,997 shares in the company, valued at approximately $10,741,043.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Alan Mccollough sold 9,501 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $67.08, for a total transaction of $637,327.08. Following the completion of the sale, the director now owns 27,272 shares of the company’s stock, valued at approximately $1,829,405.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,059 shares of company stock valued at $6,957,724. Company insiders own 0.80% of the company’s stock.

V.F. stock opened at $82.28 on Tuesday. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of -632.92, a price-to-earnings-growth ratio of 5.58 and a beta of 1.14. The company has a debt-to-equity ratio of 1.93, a current ratio of 3.20 and a quick ratio of 2.52. V.F. Co. has a 1 year low of $45.07 and a 1 year high of $100.25. The firm has a 50-day moving average of $73.66 and a two-hundred day moving average of $65.04.

V.F. (NYSE:VFC) last released its quarterly earnings data on Friday, October 16th. The textile maker reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. V.F. had a negative net margin of 0.52% and a positive return on equity of 16.44%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the previous year, the company earned $1.26 EPS. The firm’s quarterly revenue was down 18.0% on a year-over-year basis. Research analysts expect that V.F. Co. will post 1.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Thursday, December 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, December 9th. This represents a $1.96 annualized dividend and a dividend yield of 2.38%. This is a positive change from V.F.’s previous quarterly dividend of $0.48. V.F.’s payout ratio is currently 71.64%.

A number of equities analysts have commented on VFC shares. Bank of America cut shares of V.F. from a “neutral” rating to an “underperform” rating and set a $65.00 price objective for the company. in a research note on Monday, October 19th. Credit Suisse Group lifted their price objective on shares of V.F. from $86.00 to $93.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 10th. Barclays lifted their price objective on shares of V.F. from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 10th. Cowen lifted their price objective on shares of V.F. from $64.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of V.F. from $66.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, November 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $80.47.

V.F. Company 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, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.

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

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