Moors & Cabot Inc. Invests $32,000 in V.F. Co. (NYSE:VFC)

Moors & Cabot Inc. bought a new position in shares of V.F. Co. (NYSE:VFC) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,000 shares of the textile maker’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lincoln National Corp increased its stake in V.F. by 3.2% during the 2nd quarter. Lincoln National Corp now owns 4,146 shares of the textile maker’s stock worth $340,000 after buying an additional 128 shares during the period. IFP Advisors Inc increased its stake in V.F. by 6.3% during the 3rd quarter. IFP Advisors Inc now owns 2,832 shares of the textile maker’s stock worth $191,000 after buying an additional 169 shares during the period. Sippican Capital Advisors increased its stake in V.F. by 4.7% during the 3rd quarter. Sippican Capital Advisors now owns 3,870 shares of the textile maker’s stock worth $259,000 after buying an additional 175 shares during the period. Perkins Coie Trust Co increased its stake in V.F. by 0.6% during the 3rd quarter. Perkins Coie Trust Co now owns 29,667 shares of the textile maker’s stock worth $1,987,000 after buying an additional 181 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in V.F. by 0.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 43,399 shares of the textile maker’s stock worth $2,907,000 after buying an additional 182 shares during the period. 92.93% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Laura W. Lang sold 7,429 shares of the stock in a transaction on Thursday, December 9th. The shares were sold at an average price of $76.40, for a total transaction of $567,575.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.85% of the stock is owned by corporate insiders.

Several equities research analysts recently weighed in on the stock. Cowen cut their target price on shares of V.F. from $94.00 to $83.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 5th. OTR Global downgraded shares of V.F. to a “positive” rating in a research report on Friday, October 8th. BTIG Research dropped their price objective on shares of V.F. from $104.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, October 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of V.F. from $106.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, October 18th. Finally, Barclays downgraded shares of V.F. from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $86.00 to $79.00 in a research report on Thursday, January 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.00.

NYSE VFC opened at $72.25 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.47 and a quick ratio of 1.04. The firm’s fifty day moving average price is $73.74 and its 200 day moving average price is $74.87. The company has a market capitalization of $28.38 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42. V.F. Co. has a 12 month low of $65.34 and a 12 month high of $90.79.

V.F. (NYSE:VFC) last issued its quarterly earnings results on Thursday, October 21st. The textile maker reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.04). The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.49 billion. V.F. had a return on equity of 31.08% and a net margin of 11.19%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. As a group, sell-side analysts forecast that V.F. Co. will post 3.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 20th. Investors of record on Friday, December 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, December 9th. This represents a $2.00 dividend on an annualized basis and a yield of 2.77%. This is a boost from V.F.’s previous quarterly dividend of $0.49. V.F.’s dividend payout ratio is currently 64.31%.

About V.F.

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.

Featured Article: What is a Lock-Up Period?

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

Receive News & Ratings for V.F. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for V.F. and related companies with MarketBeat.com's FREE daily email newsletter.