Tyers Asset Management LLC increased its position in VF Corp (NYSE:VFC) by 19.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,002 shares of the textile maker’s stock after acquiring an additional 2,134 shares during the quarter. Tyers Asset Management LLC’s holdings in VF were worth $1,130,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in VFC. Oregon Public Employees Retirement Fund boosted its position in shares of VF by 5,538.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,592,716 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 7,458,056 shares during the last quarter. Bank of America Corp DE lifted its position in VF by 182.3% in the 4th quarter. Bank of America Corp DE now owns 5,308,262 shares of the textile maker’s stock worth $378,691,000 after buying an additional 3,427,860 shares during the last quarter. Norges Bank bought a new stake in VF in the 4th quarter worth approximately $236,808,000. FMR LLC lifted its position in VF by 12.5% in the 4th quarter. FMR LLC now owns 6,169,339 shares of the textile maker’s stock worth $440,121,000 after buying an additional 687,095 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in VF by 121.4% in the 4th quarter. American Century Companies Inc. now owns 1,161,622 shares of the textile maker’s stock worth $82,870,000 after buying an additional 637,022 shares during the last quarter.
VF stock traded down $0.21 during trading hours on Friday, reaching $86.62. The company had a trading volume of 30,324 shares, compared to its average volume of 1,997,343. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.76 and a quick ratio of 1.03. The stock has a market capitalization of $34.41 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 2.59 and a beta of 1.16. VF Corp has a 12-month low of $67.18 and a 12-month high of $97.00.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be paid a $0.51 dividend. This is a boost from VF’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, June 7th. VF’s payout ratio is 53.97%.
A number of analysts recently weighed in on VFC shares. Goldman Sachs Group started coverage on VF in a research report on Friday, May 17th. They issued a “buy” rating and a $97.00 target price for the company. Cowen boosted their target price on VF from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Citigroup restated a “neutral” rating and issued a $85.00 target price (down previously from $90.00) on shares of VF in a research report on Monday, March 18th. UBS Group boosted their target price on VF from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Finally, Wedbush restated an “outperform” rating and issued a $98.00 target price on shares of VF in a research report on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. VF currently has a consensus rating of “Buy” and a consensus price target of $93.70.
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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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