VF Corp (VFC) Shares Sold by Northstar Investment Advisors LLC
Northstar Investment Advisors LLC trimmed its holdings in shares of VF Corp (NYSE:VFC) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,856 shares of the textile maker’s stock after selling 8,015 shares during the quarter. VF accounts for approximately 2.0% of Northstar Investment Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Northstar Investment Advisors LLC’s holdings in VF were worth $9,121,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in VFC. Dimensional Fund Advisors LP grew its stake in VF by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 883,652 shares of the textile maker’s stock valued at $72,036,000 after purchasing an additional 32,767 shares during the last quarter. FMR LLC grew its stake in VF by 106.9% in the second quarter. FMR LLC now owns 3,466,116 shares of the textile maker’s stock valued at $282,557,000 after purchasing an additional 1,790,625 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in VF by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 19,570 shares of the textile maker’s stock valued at $1,596,000 after purchasing an additional 1,485 shares during the last quarter. OppenheimerFunds Inc. grew its stake in VF by 18.2% in the second quarter. OppenheimerFunds Inc. now owns 17,491 shares of the textile maker’s stock valued at $1,426,000 after purchasing an additional 2,697 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new position in VF in the second quarter valued at about $300,000. Institutional investors and hedge funds own 83.55% of the company’s stock.
In related news, Director Richard Carucci purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, October 24th. The stock was bought at an average cost of $78.65 per share, with a total value of $393,250.00. Following the completion of the acquisition, the director now owns 48,190 shares of the company’s stock, valued at approximately $3,790,143.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.72% of the company’s stock.
Shares of VF stock traded down $1.38 on Friday, reaching $72.26. 25,754 shares of the stock were exchanged, compared to its average volume of 2,116,685. The company has a quick ratio of 0.90, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. VF Corp has a twelve month low of $67.18 and a twelve month high of $97.00. The company has a market capitalization of $29.67 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.
VF (NYSE:VFC) last released its earnings results on Friday, October 19th. The textile maker reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.10. VF had a return on equity of 37.08% and a net margin of 6.20%. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. Research analysts anticipate that VF Corp will post 3.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 20th. Shareholders of record on Monday, December 10th were issued a $0.51 dividend. The ex-dividend date was Friday, December 7th. This is an increase from VF’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. VF’s payout ratio is presently 68.46%.
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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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