SG Americas Securities LLC increased its position in shares of V.F. Corporation (NYSE:VFC – Free Report) by 134.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,953 shares of the textile maker’s stock after buying an additional 30,405 shares during the period. SG Americas Securities LLC’s holdings in V.F. were worth $622,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Fiduciary Alliance LLC boosted its holdings in V.F. by 61.1% during the second quarter. Fiduciary Alliance LLC now owns 481,091 shares of the textile maker’s stock valued at $5,653,000 after acquiring an additional 182,495 shares during the period. Russell Investments Group Ltd. lifted its position in shares of V.F. by 11.1% during the 1st quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker’s stock worth $4,306,000 after purchasing an additional 27,727 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in V.F. by 158.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 56,904 shares of the textile maker’s stock valued at $669,000 after purchasing an additional 34,915 shares during the period. Entropy Technologies LP acquired a new stake in V.F. in the 1st quarter valued at approximately $749,000. Finally, Farther Finance Advisors LLC increased its position in V.F. by 94.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock worth $58,000 after buying an additional 2,421 shares during the period. Institutional investors own 86.84% of the company’s stock.
V.F. Stock Up 5.1%
Shares of VFC opened at $17.21 on Wednesday. V.F. Corporation has a 12 month low of $9.41 and a 12 month high of $29.02. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 78.23, a P/E/G ratio of 2.06 and a beta of 1.77. The company has a 50-day moving average price of $14.80 and a two-hundred day moving average price of $13.66. The company has a quick ratio of 0.65, a current ratio of 1.36 and a debt-to-equity ratio of 2.40.
V.F. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Wednesday, December 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.1%. V.F.’s dividend payout ratio (DPR) is presently 163.64%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on VFC shares. BNP Paribas Exane cut V.F. from a “neutral” rating to an “underperform” rating in a research report on Thursday, July 31st. Barclays decreased their price target on shares of V.F. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of V.F. in a research report on Wednesday, November 19th. BNP Paribas cut shares of V.F. from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $11.00 to $10.00 in a research note on Thursday, July 31st. Finally, Stifel Nicolaus lowered V.F. from a “buy” rating to a “hold” rating and boosted their price target for the company from $15.00 to $16.00 in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, V.F. currently has a consensus rating of “Hold” and an average price target of $16.25.
Get Our Latest Research Report on V.F.
About V.F.
VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.
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