Fort Washington Investment Advisors Inc. OH boosted its holdings in V.F. Co. (NYSE:VFC) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,743 shares of the textile maker’s stock after purchasing an additional 438 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in V.F. were worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in shares of V.F. by 1.8% in the 3rd quarter. Wells Fargo & Company MN now owns 10,051,127 shares of the textile maker’s stock valued at $706,091,000 after acquiring an additional 177,908 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of V.F. by 42.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 8,645,008 shares of the textile maker’s stock valued at $526,828,000 after acquiring an additional 2,575,045 shares during the period. Diamond Hill Capital Management Inc. grew its position in shares of V.F. by 13.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 4,804,835 shares of the textile maker’s stock valued at $337,540,000 after acquiring an additional 585,392 shares during the period. FMR LLC grew its position in shares of V.F. by 157.0% in the 2nd quarter. FMR LLC now owns 2,942,075 shares of the textile maker’s stock valued at $179,289,000 after acquiring an additional 1,797,118 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of V.F. by 14.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,897,315 shares of the textile maker’s stock valued at $133,286,000 after acquiring an additional 238,446 shares during the period. 69.41% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Scott A. Roe sold 53,059 shares of V.F. stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $78.98, for a total transaction of $4,190,599.82. Following the sale, the chief financial officer now directly owns 135,997 shares of the company’s stock, valued at approximately $10,741,043.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Alan Mccollough sold 9,501 shares of V.F. stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $67.08, for a total transaction of $637,327.08. Following the sale, the director now directly owns 27,272 shares in the company, valued at $1,829,405.76. The disclosure for this sale can be found here. Insiders sold a total of 152,800 shares of company stock valued at $11,927,439 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Shares of V.F. stock opened at $84.87 on Friday. V.F. Co. has a twelve month low of $45.07 and a twelve month high of $100.25. The company has a quick ratio of 2.52, a current ratio of 3.20 and a debt-to-equity ratio of 1.93. The company has a 50-day simple moving average of $74.78 and a two-hundred day simple moving average of $65.58. The stock has a market capitalization of $33.10 billion, a price-to-earnings ratio of -652.85, a price-to-earnings-growth ratio of 5.58 and a beta of 1.14.

V.F. (NYSE:VFC) last issued its quarterly earnings data on Friday, October 16th. The textile maker reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.19. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.54 billion. V.F. had a negative net margin of 0.52% and a positive return on equity of 16.44%. The business’s revenue was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 EPS. On average, sell-side analysts anticipate that V.F. Co. will post 1.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Thursday, December 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, December 9th. This is a boost from V.F.’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a dividend yield of 2.31%. V.F.’s payout ratio is presently 71.64%.

VFC has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of V.F. from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, November 10th. Stifel Nicolaus downgraded shares of V.F. from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Friday, October 9th. TheStreet upgraded shares of V.F. from a “d+” rating to a “c” rating in a research note on Tuesday, September 15th. Wells Fargo & Company upgraded shares of V.F. from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $85.00 to $100.00 in a research note on Tuesday, November 17th. Finally, Cowen raised their target price on shares of V.F. from $64.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $81.26.

V.F. 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, Active, and Work. The company offers outdoor, merino wool and other natural fibers-based, lifestyle, and casual apparel; equipment; accessories; outdoor lifestyle, performance-based, youth culture/action sports-inspired, and protective work footwear; handbags, luggage, backpacks, totes, and travel accessories; and work and work-inspired lifestyle apparel and footwear.

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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