Atlantic Trust Group LLC lowered its holdings in V.F. Corporation (NYSE:VFC) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,191,739 shares of the textile maker’s stock after selling 4,327 shares during the quarter. Atlantic Trust Group LLC owned 0.30% of V.F. Corporation worth $68,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lowe Brockenbrough & Co. Inc. increased its stake in V.F. Corporation by 35.2% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 29,400 shares of the textile maker’s stock valued at $1,616,000 after acquiring an additional 7,655 shares during the period. Dean Investment Associates LLC increased its stake in V.F. Corporation by 55.7% in the first quarter. Dean Investment Associates LLC now owns 17,110 shares of the textile maker’s stock valued at $941,000 after acquiring an additional 6,120 shares during the period. Trust Co. of Vermont increased its stake in V.F. Corporation by 64.9% in the first quarter. Trust Co. of Vermont now owns 7,001 shares of the textile maker’s stock valued at $384,000 after acquiring an additional 2,756 shares during the period. Bbva Compass Bancshares Inc. increased its stake in V.F. Corporation by 5.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 48,430 shares of the textile maker’s stock valued at $2,662,000 after acquiring an additional 2,578 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in V.F. Corporation by 76.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 66,964 shares of the textile maker’s stock valued at $3,681,000 after acquiring an additional 28,959 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of V.F. Corporation (VFC) traded up 1.13% during trading on Monday, hitting $63.58. 1,626,825 shares of the stock were exchanged. The firm has a 50 day moving average price of $61.57 and a 200 day moving average price of $56.26. V.F. Corporation has a 52 week low of $48.05 and a 52 week high of $64.25. The firm has a market capitalization of $25.03 billion, a P/E ratio of 24.26 and a beta of 0.78.

V.F. Corporation (NYSE:VFC) last announced its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. Analysts forecast that V.F. Corporation will post $2.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, September 7th. V.F. Corporation’s dividend payout ratio (DPR) is presently 64.86%.

In related news, Chairman Eric C. Wiseman sold 110,943 shares of V.F. Corporation stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $63.65, for a total transaction of $7,061,521.95. Following the sale, the chairman now directly owns 660,806 shares in the company, valued at approximately $42,060,301.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Aidan O’meara sold 29,336 shares of V.F. Corporation stock in a transaction that occurred on Friday, August 18th. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 163,131 shares of company stock worth $10,334,500 over the last ninety days. 1.60% of the stock is currently owned by insiders.

A number of research firms recently weighed in on VFC. Cowen and Company reissued a “hold” rating on shares of V.F. Corporation in a research note on Thursday, August 17th. Bank of America Corporation reissued an “underperform” rating and issued a $50.00 target price (up previously from $47.00) on shares of V.F. Corporation in a research note on Tuesday, August 15th. Buckingham Research upped their target price on shares of V.F. Corporation from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $75.00 target price (up previously from $70.00) on shares of V.F. Corporation in a research note on Tuesday, August 15th. Finally, Forward View reissued a “hold” rating on shares of V.F. Corporation in a research note on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $60.15.

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V.F. Corporation 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.

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

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