Jacobi Capital Management LLC Boosts Stake in V.F. Co. (NYSE:VFC)

Jacobi Capital Management LLC boosted its stake in V.F. Co. (NYSE:VFCGet Rating) by 4.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 6,140 shares of the textile maker’s stock after acquiring an additional 244 shares during the period. Jacobi Capital Management LLC’s holdings in V.F. were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VFC. Capital International Investors lifted its stake in V.F. by 81.8% in the 4th quarter. Capital International Investors now owns 21,740,758 shares of the textile maker’s stock valued at $1,591,858,000 after buying an additional 9,782,346 shares in the last quarter. Norges Bank purchased a new stake in V.F. in the 4th quarter valued at approximately $213,383,000. State Street Corp lifted its stake in V.F. by 9.8% in the 4th quarter. State Street Corp now owns 17,918,285 shares of the textile maker’s stock valued at $1,311,977,000 after buying an additional 1,596,886 shares in the last quarter. Victory Capital Management Inc. lifted its stake in V.F. by 13.3% in the 1st quarter. Victory Capital Management Inc. now owns 4,737,913 shares of the textile maker’s stock valued at $266,862,000 after buying an additional 556,201 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in shares of V.F. by 14.7% during the 1st quarter. AustralianSuper Pty Ltd now owns 3,478,111 shares of the textile maker’s stock worth $197,765,000 after purchasing an additional 446,303 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.

V.F. Stock Up 1.2 %

Shares of V.F. stock opened at $45.67 on Friday. The business has a 50-day moving average of $46.61 and a 200-day moving average of $52.88. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.33 and a quick ratio of 0.66. The company has a market capitalization of $17.74 billion, a PE ratio of 17.77, a P/E/G ratio of 2.02 and a beta of 1.35. V.F. Co. has a 1-year low of $43.08 and a 1-year high of $81.78.

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

V.F. Dividend Announcement

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

Insider Activity

In related news, Director W Rodney Mcmullen purchased 3,000 shares of V.F. stock in a transaction dated Wednesday, May 25th. The shares were acquired at an average price of $45.40 per share, with a total value of $136,200.00. Following the completion of the transaction, the director now owns 25,125 shares of the company’s stock, valued at approximately $1,140,675. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director W Rodney Mcmullen purchased 3,000 shares of V.F. stock in a transaction dated Wednesday, May 25th. The shares were acquired at an average price of $45.40 per share, with a total value of $136,200.00. Following the completion of the transaction, the director now owns 25,125 shares of the company’s stock, valued at approximately $1,140,675. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the chief financial officer now directly owns 44,691 shares in the company, valued at approximately $2,228,740.17. The disclosure for this sale can be found here. Insiders acquired 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.

Wall Street Analyst Weigh In

VFC has been the topic of a number of recent analyst reports. Barclays reduced their price target on V.F. from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Monday, August 1st. Wedbush reduced their price target on V.F. from $61.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, May 20th. BTIG Research reduced their price target on V.F. from $67.00 to $60.00 in a research note on Friday, July 29th. Robert W. Baird reduced their price target on V.F. from $80.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, May 20th. Finally, Cowen reduced their price target on V.F. from $72.00 to $61.00 in a research note on Wednesday, May 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $59.06.

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.

Further Reading

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

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