Montag A & Associates Inc. Sells 1,000 Shares of VF Corp (NYSE:VFC)
Montag A & Associates Inc. decreased its position in VF Corp (NYSE:VFC) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,950 shares of the textile maker’s stock after selling 1,000 shares during the quarter. Montag A & Associates Inc.’s holdings in VF were worth $3,644,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in VFC. Montecito Bank & Trust grew its stake in shares of VF by 9.5% in the 2nd quarter. Montecito Bank & Trust now owns 14,909 shares of the textile maker’s stock valued at $1,302,000 after buying an additional 1,299 shares in the last quarter. Carroll Financial Associates Inc. lifted its holdings in VF by 154.5% in the 2nd quarter. Carroll Financial Associates Inc. now owns 5,082 shares of the textile maker’s stock worth $443,000 after purchasing an additional 3,085 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in VF by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 151,875 shares of the textile maker’s stock worth $13,266,000 after purchasing an additional 821 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in VF by 447.9% in the 2nd quarter. Zions Bancorporation N.A. now owns 3,605 shares of the textile maker’s stock worth $315,000 after purchasing an additional 2,947 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in VF by 2.2% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,771 shares of the textile maker’s stock worth $504,000 after purchasing an additional 125 shares during the last quarter.
Several research firms recently weighed in on VFC. Telsey Advisory Group restated an “outperform” rating and issued a $106.00 target price (up from $104.00) on shares of VF in a report on Thursday, July 25th. Pivotal Research reduced their target price on VF from $93.00 to $90.00 and set a “hold” rating for the company in a report on Monday, October 28th. Susquehanna Bancshares boosted their target price on VF from $105.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Guggenheim restated a “buy” rating and issued a $105.00 target price on shares of VF in a report on Friday, October 25th. Finally, ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $97.71.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, October 25th. The textile maker reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.04). VF had a return on equity of 32.04% and a net margin of 10.07%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that VF Corp will post 3.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, December 9th. This is a positive change from VF’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.21%. VF’s payout ratio is 45.50%.
In other news, VP Kevin Bailey sold 21,314 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $83.14, for a total transaction of $1,772,045.96. Following the sale, the vice president now directly owns 71,241 shares in the company, valued at $5,922,976.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Carucci acquired 2,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of $78.93 per share, for a total transaction of $157,860.00. Following the completion of the transaction, the director now owns 64,731 shares of the company’s stock, valued at approximately $5,109,217.83. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 85,021 shares of company stock valued at $7,194,376. Corporate insiders own 0.74% of the company’s stock.
VF Company 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.
Further Reading: Lock-Up Period Expiration
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