New York State Common Retirement Fund Reduces Stock Position in VF Corporation (NYSE:VFC)

New York State Common Retirement Fund cut its position in shares of VF Corporation (NYSE:VFC) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 475,909 shares of the textile maker’s stock after selling 139,680 shares during the quarter. New York State Common Retirement Fund’s holdings in VF were worth $10,213,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. CKW Financial Group raised its stake in shares of VF by 29.4% during the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,008 shares in the last quarter. Arkadios Wealth Advisors raised its position in VF by 5.3% during the third quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after acquiring an additional 1,217 shares during the last quarter. Hanseatic Management Services Inc. purchased a new stake in shares of VF in the third quarter valued at about $640,000. Finally, TB Alternative Assets Ltd. acquired a new stake in shares of VF in the fourth quarter valued at approximately $1,878,000. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on VFC shares. BMO Capital Markets lifted their price objective on VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Barclays upped their price objective on VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Robert W. Baird lifted their price objective on VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Needham & Company LLC assumed coverage on shares of VF in a report on Wednesday, February 12th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.75.

VF Stock Performance

VF stock opened at $25.27 on Tuesday. The company has a market cap of $9.84 billion, a price-to-earnings ratio of -21.23, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. VF Corporation has a 12 month low of $11.00 and a 12 month high of $29.02. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The stock’s 50-day moving average is $23.79 and its 200-day moving average is $20.83.

VF (NYSE:VFC) last posted its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period last year, the business earned $0.57 EPS. Equities analysts anticipate that VF Corporation will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 1.42%. VF’s dividend payout ratio (DPR) is -30.25%.

VF 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.