Public Employees Retirement System of Ohio decreased its position in VF Corp (NYSE:VFC) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 148,256 shares of the textile maker’s stock after selling 2,508 shares during the period. Public Employees Retirement System of Ohio’s holdings in VF were worth $12,086,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of VF by 9.6% in the 2nd quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock worth $2,019,258,000 after purchasing an additional 2,179,165 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in VF in the 2nd quarter worth about $152,000. Federated Investors Inc. PA increased its holdings in VF by 1,270.2% in the 2nd quarter. Federated Investors Inc. PA now owns 113,415 shares of the textile maker’s stock worth $9,246,000 after buying an additional 105,138 shares in the last quarter. Tyers Asset Management LLC increased its holdings in VF by 7.9% in the 2nd quarter. Tyers Asset Management LLC now owns 8,382 shares of the textile maker’s stock worth $683,000 after buying an additional 616 shares in the last quarter. Finally, Greenleaf Trust bought a new stake in VF in the 2nd quarter worth about $232,000.
In other VF news, VP Kevin Bailey sold 4,400 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $91.95, for a total value of $404,580.00. Following the transaction, the vice president now owns 28,861 shares of the company’s stock, valued at approximately $2,653,768.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott A. Roe sold 29,544 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $92.78, for a total value of $2,741,092.32. Following the transaction, the chief financial officer now directly owns 102,165 shares in the company, valued at approximately $9,478,868.70. The disclosure for this sale can be found here. Insiders sold a total of 128,533 shares of company stock worth $11,932,040 in the last ninety days. 1.72% of the stock is currently owned by corporate insiders.
Shares of VFC opened at $92.58 on Wednesday. VF Corp has a 1 year low of $63.69 and a 1 year high of $97.00. The company has a market cap of $37.05 billion, a PE ratio of 31.15, a PEG ratio of 2.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.45.
VF (NYSE:VFC) last released its quarterly earnings results on Friday, July 20th. The textile maker reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.11. VF had a return on equity of 35.37% and a net margin of 5.46%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the firm posted $0.29 EPS. VF’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts forecast that VF Corp will post 3.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Shareholders of record on Monday, September 10th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, September 7th. VF’s dividend payout ratio (DPR) is presently 61.74%.
A number of equities research analysts have issued reports on the company. Canaccord Genuity restated a “buy” rating and set a $108.00 price target on shares of VF in a research note on Monday, August 13th. Telsey Advisory Group boosted their price target on VF from $86.00 to $107.00 and gave the company an “outperform” rating in a research note on Monday, July 23rd. Royal Bank of Canada restated a “buy” rating and set a $105.00 price target on shares of VF in a research note on Thursday, July 26th. Cowen restated a “hold” rating and set a $94.00 price target on shares of VF in a research note on Friday, July 20th. Finally, Bank of America upgraded VF from an “underperform” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Friday, July 13th. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. VF currently has a consensus rating of “Buy” and a consensus target price of $94.61.
VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor & Action Sports, Jeanswear, Imagewear and Others. The Outdoor & Action Sports segment refers to outdoor and activity-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.
Further Reading: Compound Annual Growth Rate (CAGR)