Amalgamated Bank lifted its stake in shares of V.F. Corporation (NYSE:VFC) by 49.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,411 shares of the textile maker’s stock after acquiring an additional 12,783 shares during the quarter. Amalgamated Bank’s holdings in V.F. Corporation were worth $2,212,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. increased its position in shares of V.F. Corporation by 35.2% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 29,400 shares of the textile maker’s stock worth $1,616,000 after acquiring an additional 7,655 shares during the period. Dean Investment Associates LLC increased its position in shares of V.F. Corporation by 55.7% during the first quarter. Dean Investment Associates LLC now owns 17,110 shares of the textile maker’s stock worth $941,000 after acquiring an additional 6,120 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in shares of V.F. Corporation by 76.2% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 66,964 shares of the textile maker’s stock worth $3,681,000 after acquiring an additional 28,959 shares during the period. Jensen Investment Management Inc. purchased a new position in shares of V.F. Corporation during the first quarter worth approximately $677,000. Finally, BlackRock Inc. increased its position in shares of V.F. Corporation by 1,744.1% during the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock worth $1,070,143,000 after acquiring an additional 18,412,097 shares during the period. 88.57% of the stock is currently owned by institutional investors and hedge funds.

In related news, Chairman Eric C. Wiseman sold 110,943 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $63.65, for a total value of $7,061,521.95. Following the transaction, the chairman now directly owns 660,806 shares of the company’s stock, valued at approximately $42,060,301.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Eric C. Wiseman sold 290,021 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $63.15, for a total transaction of $18,314,826.15. Following the completion of the transaction, the chairman now directly owns 552,426 shares in the company, valued at $34,885,701.90. The disclosure for this sale can be found here. Insiders sold a total of 453,152 shares of company stock worth $28,649,326 over the last ninety days. Insiders own 1.60% of the company’s stock.

Shares of V.F. Corporation (NYSE VFC) opened at 62.43 on Monday. The stock’s 50 day moving average is $62.88 and its 200 day moving average is $56.96. V.F. Corporation has a 1-year low of $48.05 and a 1-year high of $64.51. The firm has a market capitalization of $24.57 billion, a P/E ratio of 23.82 and a beta of 0.78.

V.F. Corporation (NYSE:VFC) last announced its quarterly earnings data on Monday, July 24th. The textile maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the firm posted $0.35 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that V.F. Corporation will post $2.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, September 7th. V.F. Corporation’s dividend payout ratio (DPR) is 64.86%.

WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/18/amalgamated-bank-raises-stake-in-v-f-corporation-vfc.html.

A number of equities analysts have recently commented on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $53.00 target price on shares of V.F. Corporation in a research report on Friday, May 26th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $75.00 price objective (up from $70.00) on shares of V.F. Corporation in a report on Tuesday, August 15th. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price objective (up from $57.00) on shares of V.F. Corporation in a report on Monday, August 14th. Buckingham Research lifted their price objective on shares of V.F. Corporation from $55.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, August 15th. Finally, Forward View reissued a “hold” rating on shares of V.F. Corporation in a report on Tuesday, August 15th. Two equities research 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. V.F. Corporation presently has an average rating of “Hold” and a consensus price target of $60.30.

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)

Receive News & Stock Ratings for V.F. Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V.F. Corporation and related stocks with our FREE daily email newsletter.