Mitchell Mcleod Pugh & Williams Inc. Cuts Holdings in VF Corp (VFC)

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Mitchell Mcleod Pugh & Williams Inc. lowered its position in shares of VF Corp (NYSE:VFC) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,646 shares of the textile maker’s stock after selling 250 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in VF were worth $403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of VF by 4.8% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 45,057 shares of the textile maker’s stock worth $4,173,000 after purchasing an additional 2,061 shares during the period. NN Investment Partners Holdings N.V. raised its position in shares of VF by 99.1% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 647,157 shares of the textile maker’s stock worth $60,475,000 after purchasing an additional 322,067 shares during the period. Calamos Advisors LLC acquired a new stake in shares of VF during the 3rd quarter worth approximately $6,051,000. XR Securities LLC acquired a new stake in shares of VF during the 3rd quarter worth approximately $308,000. Finally, BP PLC raised its position in shares of VF by 3.8% during the 3rd quarter. BP PLC now owns 40,500 shares of the textile maker’s stock worth $3,784,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 83.55% of the company’s stock.

VFC traded down $1.13 during trading hours on Thursday, hitting $73.64. The company’s stock had a trading volume of 1,626,739 shares, compared to its average volume of 1,977,677. VF Corp has a fifty-two week low of $67.18 and a fifty-two week high of $97.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.54 and a quick ratio of 0.90. The stock has a market cap of $28.42 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.74 and a beta of 1.01.

VF (NYSE:VFC) last issued its quarterly earnings results on Friday, October 19th. The textile maker reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.87 billion. VF had a return on equity of 37.08% and a net margin of 6.20%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. Equities analysts anticipate that VF Corp will post 3.68 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 20th. Shareholders of record on Monday, December 10th were paid a dividend of $0.51 per share. This is a positive change from VF’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Friday, December 7th. VF’s dividend payout ratio (DPR) is presently 68.46%.

VFC has been the topic of a number of research reports. Cowen upgraded VF from a “market perform” rating to a “buy” rating and increased their price target for the stock from $96.00 to $106.00 in a research report on Friday, September 14th. Bank of America set a $105.00 price target on VF and gave the stock a “buy” rating in a research report on Thursday, September 13th. Canaccord Genuity set a $108.00 price target on VF and gave the stock a “buy” rating in a research report on Monday, October 22nd. Pivotal Research set a $90.00 price target on VF and gave the stock a “hold” rating in a research report on Monday, October 15th. Finally, ValuEngine cut VF from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. VF has a consensus rating of “Buy” and a consensus target price of $94.75.

In other news, Director Richard Carucci purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, October 24th. The stock was purchased at an average cost of $78.65 per share, with a total value of $393,250.00. Following the purchase, the director now owns 48,190 shares in the company, valued at approximately $3,790,143.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.72% of the company’s stock.

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VF Profile

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.

Read More: What is Cost of Capital?

Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VF Corp (NYSE:VFC).

Institutional Ownership by Quarter for VF (NYSE:VFC)

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