Investors Sell VF (VFC) on Strength (VFC)

Investors sold shares of VF Corp (NYSE:VFC) on strength during trading on Thursday. $19.36 million flowed into the stock on the tick-up and $67.34 million flowed out of the stock on the tick-down, for a money net flow of $47.98 million out of the stock. Of all stocks tracked, VF had the 15th highest net out-flow for the day. VF traded up $1.07 for the day and closed at $77.19

Several analysts have recently commented on VFC shares. Cowen reissued a “hold” rating and set a $63.00 price target on shares of VF in a research note on Thursday, September 21st. Piper Jaffray Companies set a $64.00 price target on shares of VF and gave the company a “hold” rating in a research note on Sunday, October 1st. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price target on shares of VF in a research note on Wednesday, October 4th. Pivotal Research started coverage on shares of VF in a research note on Thursday, October 5th. They set a “buy” rating and a $75.00 price target on the stock. Finally, Susquehanna Bancshares reissued a “buy” rating and set a $75.00 price target on shares of VF in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. VF presently has an average rating of “Hold” and a consensus price target of $68.43.

The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54. The company has a market cap of $30,500.00, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 2.13 and a beta of 0.80.

VF (NYSE:VFC) last posted its earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.11. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.40 billion. VF had a net margin of 8.24% and a return on equity of 29.22%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. equities research analysts expect that VF Corp will post 3.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Friday, December 8th were issued a $0.46 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This is a positive change from VF’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.38%. VF’s dividend payout ratio (DPR) is 76.35%.

In related news, VP Aidan O’meara sold 5,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $69.97, for a total transaction of $349,850.00. Following the sale, the vice president now directly owns 96,344 shares in the company, valued at $6,741,189.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott H. Baxter sold 39,694 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $71.50, for a total transaction of $2,838,121.00. Following the completion of the transaction, the vice president now directly owns 112,202 shares of the company’s stock, valued at approximately $8,022,443. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 254,660 shares of company stock worth $18,035,832. 1.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in VFC. Bahl & Gaynor Inc. grew its position in VF by 70.8% in the second quarter. Bahl & Gaynor Inc. now owns 46,338 shares of the textile maker’s stock valued at $2,472,000 after purchasing an additional 19,213 shares in the last quarter. Amalgamated Bank grew its position in shares of VF by 49.9% in the 2nd quarter. Amalgamated Bank now owns 38,411 shares of the textile maker’s stock valued at $2,212,000 after acquiring an additional 12,783 shares during the period. Formidable Asset Management LLC grew its position in shares of VF by 2.9% in the 2nd quarter. Formidable Asset Management LLC now owns 14,924 shares of the textile maker’s stock valued at $860,000 after acquiring an additional 419 shares during the period. Thrivent Financial For Lutherans grew its position in shares of VF by 5.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 112,648 shares of the textile maker’s stock valued at $6,489,000 after acquiring an additional 5,655 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in shares of VF in the 2nd quarter valued at about $3,404,000.

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About VF

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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