New York State Common Retirement Fund Lowers Holdings in VF Corporation (NYSE:VFC)

New York State Common Retirement Fund lowered its holdings in VF Corporation (NYSE:VFC) by 22.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 475,909 shares of the textile maker’s stock after selling 139,680 shares during the quarter. New York State Common Retirement Fund owned 0.12% of VF worth $10,213,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Segall Bryant & Hamill LLC raised its holdings in VF by 1.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after buying an additional 65,919 shares during the period. Hanseatic Management Services Inc. purchased a new stake in shares of VF in the 3rd quarter valued at approximately $640,000. TB Alternative Assets Ltd. acquired a new position in shares of VF in the 4th quarter worth approximately $1,878,000. Arkadios Wealth Advisors boosted its position in shares of VF by 5.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,108 shares of the textile maker’s stock worth $481,000 after purchasing an additional 1,217 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 3,008 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

VF Trading Down 1.0 %

Shares of VFC stock opened at $25.27 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $9.84 billion, a P/E ratio of -21.23, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. The business’s 50 day moving average is $23.79 and its two-hundred day moving average is $20.83. VF Corporation has a twelve month low of $11.00 and a twelve month high of $29.02.

VF (NYSE:VFC) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the prior year, the business earned $0.57 EPS. Equities analysts forecast that VF Corporation will post 0.73 EPS for the current year.

VF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, March 10th. VF’s dividend payout ratio (DPR) is -30.25%.

Wall Street Analysts Forecast Growth

VFC has been the subject of several research analyst reports. Barclays raised their price target on VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their target price on VF from $14.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Jefferies Financial Group upped their price target on VF from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. The Goldman Sachs Group boosted their price objective on VF from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, TD Cowen raised their price objective on shares of VF from $16.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.75.

VF Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.