VF Corporation (NYSE:VFC) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in shares of VF Corporation (NYSE:VFC) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,500 shares of the textile maker’s stock after selling 7,200 shares during the period. Handelsbanken Fonder AB’s holdings in VF were worth $2,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CKW Financial Group lifted its stake in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in VF in the fourth quarter valued at approximately $1,878,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares during the period. Fiduciary Alliance LLC boosted its stake in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after buying an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC increased 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 purchasing an additional 65,919 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

VF Trading Down 0.1 %

VF stock opened at $25.23 on Wednesday. VF Corporation has a 52 week low of $11.00 and a 52 week high of $29.02. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -21.20, a P/E/G ratio of 6.77 and a beta of 1.46. The company has a 50 day moving average price of $23.84 and a 200 day moving average price of $20.88.

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

VF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Monday, March 10th. VF’s dividend payout ratio is currently -30.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Robert W. Baird raised their target price on VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. UBS Group boosted their price target on shares of VF from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. TD Cowen boosted their price objective on VF from $16.00 to $19.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets increased their target price on shares of VF from $14.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.75.

VF Company 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.