VF Corp (VFC) Stake Lessened by Redpoint Investment Management Pty Ltd

Redpoint Investment Management Pty Ltd cut its holdings in VF Corp (NYSE:VFC) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,483 shares of the textile maker’s stock after selling 507 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in VF were worth $1,461,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VFC. Reilly Financial Advisors LLC lifted its stake in VF by 99.1% in the fourth quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 219 shares during the last quarter. Sonora Investment Management LLC lifted its position in shares of VF by 69.5% during the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock worth $32,000 after acquiring an additional 182 shares in the last quarter. Bell Rock Capital LLC lifted its position in shares of VF by 433.8% during the fourth quarter. Bell Rock Capital LLC now owns 806 shares of the textile maker’s stock worth $58,000 after acquiring an additional 655 shares in the last quarter. Truewealth LLC lifted its position in shares of VF by 11,863.6% during the fourth quarter. Truewealth LLC now owns 1,316 shares of the textile maker’s stock worth $94,000 after acquiring an additional 1,305 shares in the last quarter. Finally, IMS Capital Management purchased a new stake in shares of VF during the third quarter worth $116,000.

Several equities research analysts have issued reports on VFC shares. Guggenheim restated a “buy” rating and set a $90.00 target price on shares of VF in a research report on Friday, January 18th. Canaccord Genuity set a $108.00 target price on VF and gave the stock a “buy” rating in a research report on Monday, October 22nd. Piper Jaffray Companies set a $93.00 target price on VF and gave the stock a “buy” rating in a research report on Friday, January 18th. ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Finally, Pivotal Research restated a “hold” rating and set a $78.00 target price (down previously from $85.00) on shares of VF in a research report on Wednesday, January 16th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $91.91.

Shares of VFC stock opened at $86.64 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. VF Corp has a 52-week low of $67.18 and a 52-week high of $97.00. The firm has a market capitalization of $34.28 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11.

VF (NYSE:VFC) last issued its quarterly earnings data on Friday, January 18th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.21. VF had a return on equity of 38.84% and a net margin of 10.11%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the business posted $1.01 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that VF Corp will post 3.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, March 8th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.35%. VF’s dividend payout ratio is presently 68.46%.

In related news, Director W Alan Mccollough sold 12,552 shares of the stock in a transaction on Monday, January 28th. The stock was sold at an average price of $83.20, for a total value of $1,044,326.40. Following the transaction, the director now owns 27,742 shares of the company’s stock, valued at $2,308,134.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Curtis A. Holtz sold 24,926 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $85.75, for a total value of $2,137,404.50. Following the completion of the transaction, the vice president now directly owns 61,433 shares in the company, valued at approximately $5,267,879.75. The disclosure for this sale can be found here. 1.72% of the stock is owned by corporate insiders.

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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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