Robecosam AG Raises Holdings in VF Corp (NYSE:VFC)

Robecosam AG lifted its holdings in shares of VF Corp (NYSE:VFC) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,833 shares of the textile maker’s stock after purchasing an additional 10,308 shares during the period. Robecosam AG’s holdings in VF were worth $13,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Krane Funds Advisors LLC purchased a new position in shares of VF during the 2nd quarter worth approximately $25,000. TRUE Private Wealth Advisors purchased a new position in shares of VF during the 2nd quarter worth approximately $26,000. Doyle Wealth Management purchased a new position in shares of VF during the 2nd quarter worth approximately $32,000. Shine Investment Advisory Services Inc. purchased a new position in shares of VF during the 2nd quarter worth approximately $35,000. Finally, First Bank & Trust purchased a new stake in VF in the 2nd quarter worth approximately $41,000.

Several research firms have commented on VFC. TheStreet cut shares of VF from a “b+” rating to a “c” rating in a research note on Wednesday, July 24th. Wedbush reaffirmed an “outperform” rating and issued a $98.00 target price on shares of VF in a research note on Friday. UBS Group lifted their target price on shares of VF from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. Susquehanna Bancshares lifted their target price on shares of VF from $105.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $106.00 target price (up from $104.00) on shares of VF in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. VF has a consensus rating of “Buy” and a consensus target price of $96.73.

In other VF news, CFO Scott A. Roe sold 10,000 shares of VF stock in a transaction on Monday, July 29th. The shares were sold at an average price of $88.39, for a total value of $883,900.00. Following the transaction, the chief financial officer now owns 98,198 shares in the company, valued at approximately $8,679,721.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Curtis A. Holtz sold 40,003 shares of VF stock in a transaction on Friday, August 30th. The shares were sold at an average price of $83.25, for a total transaction of $3,330,249.75. Following the completion of the transaction, the vice president now owns 64,803 shares in the company, valued at approximately $5,394,849.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,707 shares of company stock worth $6,306,230. 0.74% of the stock is owned by company insiders.

VFC stock opened at $92.47 on Friday. The stock has a market capitalization of $36.45 billion, a P/E ratio of 24.46, a PEG ratio of 2.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.19 and a current ratio of 2.05. VF Corp has a one year low of $67.18 and a one year high of $96.20. The company has a 50 day moving average price of $87.74 and a two-hundred day moving average price of $87.50.

VF (NYSE:VFC) last announced its quarterly earnings results on Wednesday, July 24th. The textile maker reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.24 billion. VF had a net margin of 8.62% and a return on equity of 34.52%. VF’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. Research analysts forecast that VF Corp will post 3.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 10th were issued a $0.43 dividend. The ex-dividend date was Monday, September 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.86%. VF’s dividend payout ratio (DPR) is presently 45.50%.

About VF

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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