Lowe Brockenbrough & Co. Inc. boosted its stake in V.F. Corporation (NYSE:VFC) by 35.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,400 shares of the textile maker’s stock after buying an additional 7,655 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in V.F. Corporation were worth $1,616,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Meridian Wealth Management LLC boosted its stake in shares of V.F. Corporation by 4.8% in the first quarter. Meridian Wealth Management LLC now owns 5,135 shares of the textile maker’s stock valued at $282,000 after buying an additional 235 shares during the last quarter. Zions Bancorporation boosted its stake in shares of V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock valued at $140,000 after buying an additional 38 shares during the last quarter. Bfsg LLC bought a new stake in shares of V.F. Corporation during the first quarter valued at about $2,986,000. Laffer Investments acquired a new position in V.F. Corporation during the first quarter worth $767,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in V.F. Corporation by 29.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 13,212 shares of the textile maker’s stock worth $726,000 after buying an additional 3,012 shares in the last quarter.

Shares of V.F. Corporation (VFC) traded up 0.76% on Thursday, hitting $63.23. The company’s stock had a trading volume of 1,637,256 shares. The firm has a market cap of $25.32 billion, a PE ratio of 61.39 and a beta of 0.78. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $65.20. The company has a 50 day moving average of $57.46 and a 200 day moving average of $54.36.

V.F. Corporation (NYSE:VFC) last released its earnings results on Monday, July 24th. The textile maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that V.F. Corporation will post $2.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 8th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, September 7th. V.F. Corporation’s dividend payout ratio (DPR) is 64.86%.

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Several research firms recently issued reports on VFC. Vetr lowered V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 price target on the stock. in a research report on Tuesday, April 18th. TheStreet raised V.F. Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, July 13th. Macquarie reaffirmed an “outperform” rating and issued a $70.00 price target (up previously from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. B. Riley reaffirmed a “neutral” rating and issued a $53.00 price target on shares of V.F. Corporation in a research report on Sunday, April 30th. Finally, Buckingham Research reaffirmed a “neutral” rating and issued a $55.00 price target on shares of V.F. Corporation in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $58.50.

V.F. Corporation Company Profile

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.

Institutional Ownership by Quarter for V.F. Corporation (NYSE:VFC)

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