V.F. Corporation $VFC Stake Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in shares of V.F. Corporation (NYSE:VFC) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 573,649 shares of the textile maker’s stock after acquiring an additional 100,680 shares during the quarter. New York State Common Retirement Fund owned about 0.15% of V.F. worth $6,740,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in V.F. by 94.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock valued at $58,000 after purchasing an additional 2,421 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of V.F. by 134.8% in the 2nd quarter. SG Americas Securities LLC now owns 52,953 shares of the textile maker’s stock worth $622,000 after buying an additional 30,405 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of V.F. by 158.8% in the second quarter. Arkadios Wealth Advisors now owns 56,904 shares of the textile maker’s stock valued at $669,000 after buying an additional 34,915 shares during the period. Entropy Technologies LP bought a new position in V.F. during the first quarter valued at about $749,000. Finally, Russell Investments Group Ltd. grew its holdings in V.F. by 11.1% during the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker’s stock worth $4,306,000 after acquiring an additional 27,727 shares during the period. 86.84% of the stock is currently owned by institutional investors and hedge funds.

V.F. Trading Up 2.6%

Shares of NYSE VFC opened at $19.06 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 2.40. V.F. Corporation has a one year low of $9.41 and a one year high of $29.02. The business has a 50-day moving average price of $15.33 and a two-hundred day moving average price of $13.86. The firm has a market capitalization of $7.45 billion, a PE ratio of 86.64, a PEG ratio of 1.87 and a beta of 1.67.

V.F. (NYSE:VFC) last issued its earnings results on Tuesday, October 28th. The textile maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.73 billion. V.F. had a return on equity of 20.34% and a net margin of 0.95%.The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. As a group, analysts predict that V.F. Corporation will post 0.73 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Wednesday, December 10th will be given a $0.09 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.9%. V.F.’s dividend payout ratio is presently 163.64%.

Analyst Ratings Changes

VFC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of V.F. from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Zacks Research upgraded shares of V.F. from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Stifel Nicolaus lowered shares of V.F. from a “buy” rating to a “hold” rating and increased their target price for the company from $15.00 to $16.00 in a research note on Tuesday, September 16th. Barclays decreased their price target on shares of V.F. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, Baird R W raised V.F. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, V.F. currently has an average rating of “Hold” and an average target price of $16.25.

V.F. Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.