Eaton Vance Management Has $89.90 Million Stake in V.F. Co. (NYSE:VFC)

Eaton Vance Management raised its position in V.F. Co. (NYSE:VFC) by 151.8% during the first quarter, Holdings Channel reports. The firm owned 1,124,808 shares of the textile maker’s stock after purchasing an additional 678,045 shares during the period. Eaton Vance Management’s holdings in V.F. were worth $89,895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC lifted its position in shares of V.F. by 198.1% in the 1st quarter. Bogart Wealth LLC now owns 319 shares of the textile maker’s stock worth $26,000 after purchasing an additional 212 shares during the period. Capital Asset Advisory Services LLC bought a new stake in shares of V.F. in the 4th quarter valued at $32,000. CSat Investment Advisory L.P. increased its stake in shares of V.F. by 66.9% in the 1st quarter. CSat Investment Advisory L.P. now owns 409 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 164 shares in the last quarter. Berman Capital Advisors LLC increased its stake in shares of V.F. by 110.7% in the 1st quarter. Berman Capital Advisors LLC now owns 415 shares of the textile maker’s stock valued at $33,000 after acquiring an additional 218 shares in the last quarter. Finally, Freedman Financial Associates Inc. bought a new stake in shares of V.F. in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 92.53% of the company’s stock.

VFC has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of V.F. from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, July 15th. Pivotal Research lifted their price objective on shares of V.F. from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 18th. Royal Bank of Canada decreased their price target on shares of V.F. from $102.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, May 24th. The Goldman Sachs Group initiated coverage on shares of V.F. in a research note on Wednesday, July 14th. They set a “sell” rating and a $79.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of V.F. from $104.00 to $106.00 and gave the company an “overweight” rating in a research note on Monday, May 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $91.69.

In related news, Director Clarence Otis, Jr. sold 13,449 shares of the business’s stock in a transaction dated Wednesday, June 2nd. The shares were sold at an average price of $79.56, for a total value of $1,070,002.44. Also, Director Veronica Wu sold 500 shares of the business’s stock in a transaction dated Wednesday, June 16th. The stock was sold at an average price of $81.57, for a total transaction of $40,785.00. Following the completion of the transaction, the director now directly owns 3,663 shares in the company, valued at $298,790.91. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by insiders.

NYSE VFC opened at $79.93 on Thursday. V.F. Co. has a 1 year low of $57.59 and a 1 year high of $90.79. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.68 and a current ratio of 2.17. The company has a market cap of $31.36 billion, a price-to-earnings ratio of 76.86, a price-to-earnings-growth ratio of 1.08 and a beta of 1.42. The business has a fifty day moving average price of $81.01.

V.F. (NYSE:VFC) last posted its earnings results on Thursday, May 20th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.02). The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. V.F. had a return on equity of 16.85% and a net margin of 4.41%. The business’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. Equities analysts forecast that V.F. Co. will post 3.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 21st. Investors of record on Thursday, June 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, June 9th. V.F.’s dividend payout ratio (DPR) is currently 149.62%.

V.F. Profile

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

See Also: Environmental, Social, and Governance (ESG) Investing

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

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