First Financial Bank Trust Division increased its stake in V.F. Corporation (NYSE:VFC) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,856 shares of the textile maker’s stock after buying an additional 270 shares during the period. First Financial Bank Trust Division’s holdings in V.F. Corporation were worth $625,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd increased its stake in V.F. Corporation by 600.0% in the fourth quarter. Quadrature Capital Ltd now owns 94,013 shares of the textile maker’s stock valued at $5,015,000 after buying an additional 80,583 shares in the last quarter. Perigon Wealth Management LLC increased its stake in V.F. Corporation by 17.2% in the fourth quarter. Perigon Wealth Management LLC now owns 31,874 shares of the textile maker’s stock valued at $1,676,000 after buying an additional 4,685 shares in the last quarter. Whalerock Point Partners LLC bought a new stake in V.F. Corporation during the fourth quarter valued at $314,000. Teachers Advisors LLC increased its stake in V.F. Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 425,775 shares of the textile maker’s stock valued at $22,715,000 after buying an additional 18,894 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in V.F. Corporation during the fourth quarter valued at $1,281,000.
V.F. Corporation (VFC) traded down 0.52% during trading on Tuesday, reaching $62.61. 3,491,281 shares of the company’s stock were exchanged. V.F. Corporation has a 52 week low of $48.05 and a 52 week high of $65.20. The stock has a 50-day moving average price of $58.04 and a 200 day moving average price of $54.54. The firm has a market capitalization of $24.86 billion, a price-to-earnings ratio of 23.89 and a beta of 0.78.
V.F. Corporation (NYSE:VFC) last announced its earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. V.F. Corporation had a return on equity of 27.44% and a net margin of 9.23%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the company posted $0.35 EPS. V.F. Corporation’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that V.F. Corporation will post $2.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, September 7th. V.F. Corporation’s dividend payout ratio is currently 64.86%.
Several analysts have weighed in on VFC shares. Vetr downgraded shares of V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 target price on the stock. in a research report on Tuesday, April 11th. Stifel Nicolaus restated a “hold” rating and set a $56.00 price objective on shares of V.F. Corporation in a research note on Sunday, April 23rd. B. Riley restated a “neutral” rating and set a $53.00 price objective on shares of V.F. Corporation in a research note on Tuesday, April 25th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $49.00 price objective (down from $52.00) on shares of V.F. Corporation in a research note on Monday, May 1st. Finally, Canaccord Genuity restated a “hold” rating and set a $53.00 price objective on shares of V.F. Corporation in a research note on Friday, May 26th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company’s stock. V.F. Corporation presently has a consensus rating of “Hold” and a consensus price target of $58.50.
About V.F. Corporation
V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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