IndexIQ Advisors LLC Acquires 297 Shares of V.F. Co. (NYSE:VFC)

IndexIQ Advisors LLC lifted its holdings in shares of V.F. Co. (NYSE:VFCGet Rating) by 3.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,820 shares of the textile maker’s stock after purchasing an additional 297 shares during the period. IndexIQ Advisors LLC’s holdings in V.F. were worth $444,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VFC. Capital International Investors grew its holdings in shares of V.F. by 81.8% during the fourth quarter. Capital International Investors now owns 21,740,758 shares of the textile maker’s stock worth $1,591,858,000 after purchasing an additional 9,782,346 shares during the last quarter. Norges Bank bought a new stake in shares of V.F. during the fourth quarter worth $213,383,000. State Street Corp boosted its holdings in V.F. by 9.8% in the fourth quarter. State Street Corp now owns 17,918,285 shares of the textile maker’s stock valued at $1,311,977,000 after acquiring an additional 1,596,886 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in V.F. by 13.3% in the first quarter. Victory Capital Management Inc. now owns 4,737,913 shares of the textile maker’s stock valued at $266,862,000 after acquiring an additional 556,201 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in V.F. by 14.7% in the first quarter. AustralianSuper Pty Ltd now owns 3,478,111 shares of the textile maker’s stock valued at $197,765,000 after acquiring an additional 446,303 shares during the last quarter. Institutional investors own 88.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VFC shares. Stifel Nicolaus raised their price target on V.F. from $42.00 to $43.00 in a report on Wednesday, July 20th. StockNews.com cut V.F. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. The Goldman Sachs Group reduced their target price on V.F. from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft reduced their target price on V.F. from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, August 1st. Finally, UBS Group reduced their target price on V.F. from $65.00 to $55.00 in a report on Friday, May 13th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.06.

V.F. Trading Up 1.2 %

VFC stock opened at $45.67 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.66 and a current ratio of 1.33. The company’s 50-day simple moving average is $46.61 and its 200 day simple moving average is $52.88. V.F. Co. has a 52 week low of $43.08 and a 52 week high of $81.78. The company has a market capitalization of $17.74 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35.

V.F. (NYSE:VFCGet Rating) last released its quarterly earnings results on Thursday, May 19th. The textile maker reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. V.F. had a net margin of 8.45% and a return on equity of 33.20%. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the company posted $0.27 earnings per share. V.F.’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that V.F. Co. will post 3.09 earnings per share for the current year.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Monday, September 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 9th. This represents a $2.00 dividend on an annualized basis and a yield of 4.38%. V.F.’s payout ratio is 77.82%.

Insiders Place Their Bets

In other V.F. news, CFO Matthew H. Puckett sold 677 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $49.87, for a total transaction of $33,761.99. Following the sale, the chief financial officer now directly owns 44,691 shares in the company, valued at $2,228,740.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director W Rodney Mcmullen bought 6,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average price of $44.76 per share, with a total value of $268,560.00. Following the completion of the acquisition, the director now owns 34,146 shares of the company’s stock, valued at $1,528,374.96. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Matthew H. Puckett sold 677 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $49.87, for a total transaction of $33,761.99. Following the completion of the transaction, the chief financial officer now directly owns 44,691 shares of the company’s stock, valued at approximately $2,228,740.17. The disclosure for this sale can be found here. Insiders have bought 22,000 shares of company stock worth $1,008,630 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

V.F. Company Profile

(Get Rating)

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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