HPM Partners LLC reduced its holdings in shares of VF Corp (NYSE:VFC) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,003 shares of the textile maker’s stock after selling 4,208 shares during the period. HPM Partners LLC’s holdings in VF were worth $1,258,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of VF by 44.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock valued at $111,000 after purchasing an additional 3,372 shares during the period. Cerebellum GP LLC purchased a new stake in shares of VF during the fourth quarter valued at approximately $131,000. Carroll Financial Associates Inc. boosted its stake in shares of VF by 368.3% during the fourth quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock valued at $151,000 after purchasing an additional 1,613 shares during the period. Alps Advisors Inc. purchased a new stake in shares of VF during the fourth quarter valued at approximately $205,000. Finally, Investment Partners Ltd. OH ADV purchased a new stake in shares of VF during the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 85.49% of the company’s stock.
Shares of VF Corp (NYSE:VFC) opened at $73.21 on Tuesday. VF Corp has a 52 week low of $51.22 and a 52 week high of $84.38. The company has a market capitalization of $29,192.45, a price-to-earnings ratio of 48.48, a P/E/G ratio of 2.11 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.59.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be issued a $0.46 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.84 dividend on an annualized basis and a yield of 2.51%. VF’s dividend payout ratio (DPR) is 121.86%.
A number of analysts have recently weighed in on VFC shares. Robert W. Baird reissued an “average” rating and set a $84.00 price objective on shares of VF in a research note on Wednesday, January 3rd. Piper Jaffray Companies set a $89.00 price objective on VF and gave the company a “buy” rating in a research note on Friday, February 16th. Pivotal Research set a $95.00 price objective on VF and gave the company a “buy” rating in a research note on Wednesday, February 14th. Stifel Nicolaus raised VF from a “hold” rating to a “buy” rating and increased their price objective for the company from $78.00 to $91.00 in a research note on Sunday, February 11th. Finally, Susquehanna Bancshares reissued a “buy” rating and set a $95.00 price objective on shares of VF in a research note on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $75.55.
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V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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