Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of V.F. Corporation (NYSE:VFC) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,270 shares of the textile maker’s stock after buying an additional 660 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in V.F. Corporation were worth $1,168,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VFC. First Mercantile Trust Co. increased its position in V.F. Corporation by 12.8% in the first quarter. First Mercantile Trust Co. now owns 9,275 shares of the textile maker’s stock valued at $510,000 after buying an additional 1,050 shares during the period. Mycio Wealth Partners LLC increased its position in V.F. Corporation by 47.6% in the first quarter. Mycio Wealth Partners LLC now owns 51,608 shares of the textile maker’s stock valued at $2,837,000 after buying an additional 16,640 shares during the period. Glen Harbor Capital Management LLC increased its position in V.F. Corporation by 22.2% in the first quarter. Glen Harbor Capital Management LLC now owns 6,528 shares of the textile maker’s stock valued at $359,000 after buying an additional 1,184 shares during the period. B & T Capital Management DBA Alpha Capital Management increased its position in V.F. Corporation by 26.8% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 44,490 shares of the textile maker’s stock valued at $2,446,000 after buying an additional 9,397 shares during the period. Finally, ProShare Advisors LLC increased its position in V.F. Corporation by 7.8% in the first quarter. ProShare Advisors LLC now owns 1,072,255 shares of the textile maker’s stock valued at $58,942,000 after buying an additional 77,289 shares during the period.
Shares of V.F. Corporation (NYSE VFC) traded up 0.5158% during trading on Thursday, reaching $62.9229. 351,331 shares of the company traded hands. The firm’s 50 day moving average price is $60.26 and its 200-day moving average price is $55.63. The company has a market capitalization of $24.77 billion, a price-to-earnings ratio of 24.0072 and a beta of 0.78. V.F. Corporation has a 52 week low of $48.05 and a 52 week high of $64.90.
V.F. Corporation (NYSE:VFC) last posted its quarterly earnings data on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Equities analysts anticipate that V.F. Corporation will post $2.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.68%. V.F. Corporation’s dividend payout ratio is currently 64.86%.
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A number of brokerages recently commented on VFC. Bank of America Corporation reaffirmed an “underperform” rating and issued a $50.00 price target (up previously from $47.00) on shares of V.F. Corporation in a report on Tuesday, August 15th. Cowen and Company reaffirmed a “hold” rating on shares of V.F. Corporation in a report on Thursday, August 17th. Piper Jaffray Companies set a $58.00 price target on shares of V.F. Corporation and gave the company a “hold” rating in a report on Monday, August 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 price target (up previously from $57.00) on shares of V.F. Corporation in a report on Monday, August 14th. Finally, Forward View reaffirmed a “hold” rating on shares of V.F. Corporation in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. V.F. Corporation has an average rating of “Hold” and a consensus price target of $60.15.
In other news, VP Aidan O’meara sold 29,336 shares of V.F. Corporation stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $62.54, for a total transaction of $1,834,673.44. Following the sale, the vice president now owns 120,680 shares in the company, valued at $7,547,327.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Alan Mccollough sold 22,852 shares of V.F. Corporation stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $62.94, for a total transaction of $1,438,304.88. Following the sale, the director now owns 36,353 shares in the company, valued at approximately $2,288,057.82. The disclosure for this sale can be found here. Company 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.
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