Private Advisor Group LLC boosted its position in VF Corp (NYSE:VFC) by 67.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,795 shares of the textile maker’s stock after buying an additional 5,152 shares during the quarter. Private Advisor Group LLC’s holdings in VF were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its position in VF by 3.2% in the first quarter. BlackRock Inc. now owns 22,590,912 shares of the textile maker’s stock valued at $1,674,438,000 after purchasing an additional 699,045 shares during the last quarter. Wells Fargo & Company MN lifted its position in VF by 1.6% in the first quarter. Wells Fargo & Company MN now owns 9,138,244 shares of the textile maker’s stock valued at $677,327,000 after purchasing an additional 143,454 shares during the last quarter. Bank of New York Mellon Corp lifted its position in VF by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 2,736,782 shares of the textile maker’s stock valued at $223,103,000 after purchasing an additional 9,878 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in VF by 23.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,153,080 shares of the textile maker’s stock valued at $159,587,000 after purchasing an additional 408,132 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its position in VF by 18.2% in the first quarter. King Luther Capital Management Corp now owns 1,648,360 shares of the textile maker’s stock valued at $122,176,000 after purchasing an additional 254,150 shares during the last quarter. 83.92% of the stock is owned by institutional investors and hedge funds.

Shares of VF stock opened at $91.22 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The company has a market cap of $37.10 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 2.42 and a beta of 1.01. VF Corp has a 52 week low of $61.56 and a 52 week high of $97.00.

VF (NYSE:VFC) last announced its earnings results on Friday, July 20th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.68 billion. VF had a return on equity of 35.37% and a net margin of 5.46%. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. equities analysts predict that VF Corp will post 3.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Monday, September 10th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, September 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.02%. VF’s dividend payout ratio is presently 61.74%.

Several analysts have weighed in on VFC shares. Royal Bank of Canada reiterated a “buy” rating and issued a $105.00 price objective on shares of VF in a research report on Thursday, July 26th. Bank of America upgraded VF from an “underperform” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Friday, July 13th. Goldman Sachs Group started coverage on VF in a research report on Monday, June 25th. They issued a “buy” rating and a $96.00 price objective for the company. JPMorgan Chase & Co. upgraded VF from a “neutral” rating to an “overweight” rating and set a $78.00 price objective for the company in a research report on Monday, July 16th. Finally, Credit Suisse Group boosted their price objective on VF from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $93.70.

In other VF news, VP Kevin Bailey sold 4,400 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $91.95, for a total value of $404,580.00. Following the completion of the transaction, the vice president now owns 28,861 shares in the company, valued at $2,653,768.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott H. Baxter sold 65,988 shares of the stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $83.85, for a total value of $5,533,093.80. Following the completion of the transaction, the vice president now owns 196,882 shares of the company’s stock, valued at approximately $16,508,555.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,617 shares of company stock valued at $19,155,207. 1.72% of the stock is owned by corporate insiders.

VF Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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