Brighton Jones LLC raised its stake in V.F. Corporation (NYSE:VFC – Free Report) by 78.8% in the third quarter, Holdings Channel reports. The fund owned 77,901 shares of the textile maker’s stock after purchasing an additional 34,322 shares during the quarter. Brighton Jones LLC’s holdings in V.F. were worth $1,095,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Covestor Ltd lifted its stake in V.F. by 707.2% in the 3rd quarter. Covestor Ltd now owns 2,349 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 2,058 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after buying an additional 588 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in shares of V.F. during the third quarter worth $51,000. IFP Advisors Inc increased its holdings in shares of V.F. by 27.3% during the second quarter. IFP Advisors Inc now owns 6,682 shares of the textile maker’s stock worth $111,000 after buying an additional 1,431 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of V.F. by 213.7% during the second quarter. Versant Capital Management Inc now owns 8,078 shares of the textile maker’s stock worth $135,000 after buying an additional 5,503 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
VFC has been the subject of a number of research reports. Weiss Ratings upgraded V.F. from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. BNP Paribas Exane upgraded V.F. from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $13.00 to $16.00 in a research report on Thursday, October 29th. BTIG Research reaffirmed a “buy” rating and issued a $23.00 target price on shares of V.F. in a report on Wednesday, October 28th. Deutsche Bank increased their target price on V.F. from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Thursday, October 29th. Finally, Evercore set a $16.00 target price on V.F. in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.89.
Get Our Latest Research Report on VFC
V.F. Stock Down 0.2%
Shares of V.F. stock opened at $20.70 on Thursday. V.F. Corporation has a one year low of $12.45 and a one year high of $22.27. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.47 and a quick ratio of 0.85. The stock’s 50-day moving average is $15.76 and its 200 day moving average is $17.00. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 0.87 and a beta of 1.49.
V.F. (NYSE:VFC – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The textile maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.16. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.66 billion. V.F. had a net margin of 3.93% and a return on equity of 21.78%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities research analysts anticipate that V.F. Corporation will post 1.18 EPS for the current year.
V.F. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, December 10th. V.F.’s payout ratio is currently 39.13%.
V.F. Profile
V.F. Corporation, commonly known as VF Corporation, is a global apparel, footwear and accessories company. Its portfolio includes brands such as The North Face, Vans, Timberland and Dickies, which serve outdoor, active, workwear and lifestyle markets. The company sells products through wholesale partners, its own retail stores and e-commerce channels. Its brands offer items including outdoor clothing and equipment, footwear, workwear, backpacks and accessories to customers in the Americas, Europe and Asia-Pacific.
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