VF Corp (VFC) Stake Lifted by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky lifted its holdings in shares of VF Corp (NYSE:VFC) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 159,198 shares of the textile maker’s stock after acquiring an additional 2,671 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in VF were worth $11,780,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of VFC. Cerebellum GP LLC purchased a new position in shares of VF during the fourth quarter worth about $131,000. Carroll Financial Associates Inc. lifted its position in VF by 368.3% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after buying an additional 1,613 shares during the last quarter. Alps Advisors Inc. bought a new stake in VF in the 4th quarter worth approximately $205,000. Investment Partners Ltd. OH ADV bought a new stake in VF in the 4th quarter worth approximately $207,000. Finally, Mission Wealth Management LP bought a new stake in VF in the 4th quarter worth approximately $207,000. 85.49% of the stock is owned by institutional investors.
Shares of VF Corp (NYSE VFC) opened at $73.47 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.60 and a quick ratio of 0.98. VF Corp has a 12-month low of $51.22 and a 12-month high of $84.38. The firm has a market capitalization of $29,041.70, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.84 annualized dividend and a yield of 2.50%. VF’s payout ratio is currently 121.86%.
VFC has been the subject of a number of recent research reports. Cowen set a $79.00 target price on VF and gave the stock a “hold” rating in a research report on Monday, February 5th. ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Stifel Nicolaus upgraded VF from a “hold” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $91.00 in a research report on Sunday, February 11th. Piper Jaffray Companies set a $89.00 target price on VF and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, TheStreet downgraded VF from a “b+” rating to a “c+” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.55.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2018/03/14/vf-corp-vfc-stake-lifted-by-teachers-retirement-system-of-the-state-of-kentucky.html.
VF 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.
Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VF Corp (NYSE:VFC).
Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.