Asset Dedication LLC increased its stake in V.F. Co. (NYSE:VFC) by 96.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,835 shares of the textile maker’s stock after acquiring an additional 900 shares during the period. Asset Dedication LLC’s holdings in V.F. were worth $129,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its holdings in shares of V.F. by 4.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 102,871 shares of the textile maker’s stock valued at $7,226,000 after acquiring an additional 4,064 shares in the last quarter. Dividend Assets Capital LLC lifted its stake in V.F. by 5.7% during the third quarter. Dividend Assets Capital LLC now owns 58,702 shares of the textile maker’s stock valued at $4,124,000 after purchasing an additional 3,180 shares during the last quarter. CWM LLC lifted its stake in V.F. by 16.8% during the third quarter. CWM LLC now owns 4,518 shares of the textile maker’s stock valued at $317,000 after purchasing an additional 651 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in V.F. by 1.9% during the third quarter. Farmers & Merchants Investments Inc. now owns 109,877 shares of the textile maker’s stock valued at $7,719,000 after purchasing an additional 2,067 shares during the last quarter. Finally, Northstar Asset Management LLC lifted its stake in V.F. by 2.7% during the third quarter. Northstar Asset Management LLC now owns 41,212 shares of the textile maker’s stock valued at $2,895,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 69.41% of the company’s stock.
Shares of VFC opened at $72.75 on Thursday. The company’s fifty day moving average is $72.26 and its 200-day moving average is $62.83. V.F. Co. has a 12 month low of $45.07 and a 12 month high of $100.25. The firm has a market cap of $29.54 billion, a price-to-earnings ratio of -559.62, a price-to-earnings-growth ratio of 6.72 and a beta of 1.14. The company has a quick ratio of 2.83, a current ratio of 3.65 and a debt-to-equity ratio of 1.93.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Thursday, December 10th will be issued a dividend of $0.49 per share. This is an increase from V.F.’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a yield of 2.69%. The ex-dividend date is Wednesday, December 9th. V.F.’s dividend payout ratio (DPR) is currently 71.64%.
Several analysts recently commented on the stock. Pivotal Research increased their target price on shares of V.F. from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Piper Sandler increased their target price on shares of V.F. from $58.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, September 30th. Robert W. Baird increased their target price on shares of V.F. from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, October 9th. 140166 upped their price target on shares of V.F. from $69.00 to $81.00 in a research report on Friday, September 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of V.F. from $53.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, October 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $74.80.
In related news, Director W Alan Mccollough sold 9,501 shares of V.F. stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $67.08, for a total transaction of $637,327.08. Following the completion of the transaction, the director now directly owns 27,272 shares of the company’s stock, valued at approximately $1,829,405.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.
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, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.
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