36,576 Shares in VF Corp (VFC) Purchased by G&S Capital LLC

G&S Capital LLC acquired a new position in VF Corp (NYSE:VFC) during the third quarter, Holdings Channel reports. The fund acquired 36,576 shares of the textile maker’s stock, valued at approximately $3,418,000. VF makes up about 2.4% of G&S Capital LLC’s holdings, making the stock its 17th biggest holding.

Several other institutional investors have also recently modified their holdings of the company. Riverhead Capital Management LLC grew its position in VF by 6.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,591 shares of the textile maker’s stock worth $782,000 after purchasing an additional 577 shares during the last quarter. KCM Investment Advisors LLC grew its position in VF by 16.9% during the 2nd quarter. KCM Investment Advisors LLC now owns 4,030 shares of the textile maker’s stock worth $328,000 after purchasing an additional 582 shares during the last quarter. Tyers Asset Management LLC grew its position in VF by 7.9% during the 2nd quarter. Tyers Asset Management LLC now owns 8,382 shares of the textile maker’s stock worth $683,000 after purchasing an additional 616 shares during the last quarter. Wallington Asset Management LLC grew its position in VF by 0.4% during the 3rd quarter. Wallington Asset Management LLC now owns 158,645 shares of the textile maker’s stock worth $14,825,000 after purchasing an additional 640 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in VF by 6.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 11,476 shares of the textile maker’s stock worth $936,000 after purchasing an additional 678 shares during the last quarter.

In other news, VP Bryan H. Mcneill sold 25,232 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $92.45, for a total transaction of $2,332,698.40. Following the completion of the sale, the vice president now owns 5,122 shares of the company’s stock, valued at $473,528.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $404,580.00. Following the sale, the vice president now directly owns 28,861 shares of the company’s stock, valued at approximately $2,653,768.95. The disclosure for this sale can be found here. Insiders have sold 128,533 shares of company stock valued at $11,932,040 over the last 90 days. 1.72% of the stock is currently owned by company insiders.

Several research firms have weighed in on VFC. Royal Bank of Canada reissued a “buy” rating and set a $105.00 target price on shares of VF in a research report on Thursday, July 26th. Piper Jaffray Companies reissued a “buy” rating and set a $103.00 target price on shares of VF in a research report on Monday, July 23rd. Stifel Nicolaus boosted their target price on shares of VF from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. Canaccord Genuity set a $108.00 target price on shares of VF and gave the stock a “buy” rating in a research report on Monday, July 23rd. Finally, Telsey Advisory Group upped their price objective on shares of VF from $86.00 to $107.00 and gave the company an “outperform” rating in a report on Monday, July 23rd. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. VF has an average rating of “Buy” and a consensus price target of $95.17.

VFC opened at $82.47 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. VF Corp has a 1 year low of $68.35 and a 1 year high of $97.00. The firm has a market capitalization of $31.44 billion, a P/E ratio of 27.67, a PEG ratio of 1.91 and a beta of 0.96.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 10th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, December 7th. This is a boost from VF’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.47%. VF’s dividend payout ratio is currently 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.

Further Reading: How can you know how many shares are floating?

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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