Haverford Trust Co. Grows Stake in V.F. Corporation (VFC)

Haverford Trust Co. grew its holdings in shares of V.F. Corporation (NYSE:VFC) by 25.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,413 shares of the textile maker’s stock after purchasing an additional 1,300 shares during the quarter. Haverford Trust Co.’s holdings in V.F. Corporation were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VFC. Thrivent Financial For Lutherans boosted its stake in V.F. Corporation by 5.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 112,648 shares of the textile maker’s stock worth $6,489,000 after purchasing an additional 5,655 shares during the period. Oak Ridge Investments LLC boosted its stake in V.F. Corporation by 7.7% in the 2nd quarter. Oak Ridge Investments LLC now owns 138,929 shares of the textile maker’s stock worth $8,002,000 after purchasing an additional 9,980 shares during the period. Columbia Asset Management boosted its stake in V.F. Corporation by 468.6% in the 2nd quarter. Columbia Asset Management now owns 23,655 shares of the textile maker’s stock worth $1,362,000 after purchasing an additional 19,495 shares during the period. First Merchants Corp boosted its stake in V.F. Corporation by 8.1% in the 3rd quarter. First Merchants Corp now owns 69,631 shares of the textile maker’s stock worth $4,425,000 after purchasing an additional 5,201 shares during the period. Finally, AMG National Trust Bank boosted its stake in V.F. Corporation by 0.7% in the 3rd quarter. AMG National Trust Bank now owns 1,347,332 shares of the textile maker’s stock worth $85,650,000 after purchasing an additional 9,604 shares during the period. 86.27% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on VFC shares. UBS AG upgraded V.F. Corporation from a “neutral” rating to a “positive” rating in a research note on Friday, July 28th. Susquehanna Bancshares Inc upgraded V.F. Corporation from a “neutral” rating to a “positive” rating and upped their price target for the stock from $53.00 to $70.00 in a research note on Friday, July 28th. Forward View upgraded V.F. Corporation from a “sell” rating to a “hold” rating and set a $65.00 target price for the company in a research report on Friday, July 28th. Canaccord Genuity upgraded V.F. Corporation from a “hold” rating to a “buy” rating and increased their target price for the company from $58.00 to $73.00 in a research report on Monday, August 14th. Finally, Piper Jaffray Companies set a $58.00 target price on V.F. Corporation and gave the company a “hold” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $65.45.

Shares of V.F. Corporation (NYSE VFC) traded up $0.76 during trading on Friday, hitting $73.35. The stock had a trading volume of 2,804,700 shares, compared to its average volume of 3,078,360. The stock has a market capitalization of $28,984.18, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.34 and a beta of 0.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47. V.F. Corporation has a 1 year low of $48.05 and a 1 year high of $73.40.

V.F. Corporation (NYSE:VFC) last announced its quarterly earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, beating the consensus estimate of $1.12 by $0.11. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.40 billion. V.F. Corporation had a return on equity of 29.22% and a net margin of 8.24%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 earnings per share. research analysts forecast that V.F. Corporation will post 3.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.84 annualized dividend and a dividend yield of 2.51%. This is a positive change from V.F. Corporation’s previous quarterly dividend of $0.42. V.F. Corporation’s dividend payout ratio (DPR) is currently 70.89%.

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In related news, Chairman Eric C. Wiseman sold 290,021 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $63.15, for a total transaction of $18,314,826.15. Following the sale, the chairman now owns 552,426 shares of the company’s stock, valued at $34,885,701.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Laura C. Meagher sold 14,036 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $70.57, for a total value of $990,520.52. Following the sale, the insider now directly owns 48,178 shares in the company, valued at approximately $3,399,921.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 544,681 shares of company stock worth $36,350,658. Insiders own 1.60% of the company’s stock.

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.

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

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