Nissay Asset Management Corp Japan ADV Has $9.86 Million Holdings in VF Corp (VFC)

Nissay Asset Management Corp Japan ADV grew its position in shares of VF Corp (NYSE:VFC) by 19.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,454 shares of the textile maker’s stock after acquiring an additional 17,248 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in VF were worth $9,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in VF by 9.6% during the 2nd quarter. BlackRock Inc. now owns 24,770,077 shares of the textile maker’s stock worth $2,019,258,000 after acquiring an additional 2,179,165 shares during the last quarter. Northern Trust Corp boosted its holdings in VF by 1.9% during the 2nd quarter. Northern Trust Corp now owns 5,299,379 shares of the textile maker’s stock worth $432,005,000 after acquiring an additional 97,826 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in VF during the 2nd quarter worth $352,007,000. Janus Henderson Group PLC boosted its holdings in VF by 89.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,479,346 shares of the textile maker’s stock worth $283,640,000 after acquiring an additional 1,644,062 shares during the last quarter. Finally, FMR LLC boosted its holdings in VF by 106.9% during the 2nd quarter. FMR LLC now owns 3,466,116 shares of the textile maker’s stock worth $282,557,000 after acquiring an additional 1,790,625 shares during the last quarter.

VFC has been the topic of a number of analyst reports. Buckingham Research lifted their price objective on shares of VF from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, July 17th. Pivotal Research set a $86.00 price target on shares of VF and gave the stock a “hold” rating in a report on Tuesday, July 17th. Barclays boosted their price target on shares of VF from $89.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, July 23rd. Canaccord Genuity set a $108.00 price target on shares of VF and gave the stock a “buy” rating in a report on Monday, October 22nd. Finally, Royal Bank of Canada assumed coverage on shares of VF in a report on Wednesday, July 18th. They issued an “outperform” rating and a $102.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $95.17.

In other VF news, Director Richard Carucci acquired 5,000 shares of the company’s stock in a transaction on Wednesday, October 24th. The shares were acquired at an average cost of $78.65 per share, with a total value of $393,250.00. Following the completion of the acquisition, the director now directly owns 48,190 shares in the company, valued at $3,790,143.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Laura C. Meagher sold 69,357 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $93.05, for a total transaction of $6,453,668.85. Following the sale, the insider now directly owns 36,369 shares in the company, valued at $3,384,135.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,533 shares of company stock worth $11,932,040. Insiders own 1.72% of the company’s stock.

Shares of NYSE:VFC traded up $0.45 during midday trading on Tuesday, reaching $81.53. The company had a trading volume of 128,598 shares, compared to its average volume of 3,245,305. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.54. The company has a market capitalization of $31.44 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. VF Corp has a 52-week low of $68.35 and a 52-week high of $97.00.

VF (NYSE:VFC) last released its quarterly earnings data on Friday, October 19th. The textile maker reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.10. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.87 billion. VF had a net margin of 6.20% and a return on equity of 37.08%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 earnings per share. As a group, research analysts predict that VF Corp will post 3.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 10th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, December 7th. This is an increase from VF’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.50%. VF’s dividend payout ratio is 61.74%.

VF Profile

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 & Action Sports, Jeanswear, Imagewear, and Other.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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