Canada Pension Plan Investment Board cut its position in shares of V.F. Corporation (NYSE:VFC) by 29.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,793 shares of the textile maker’s stock after selling 16,912 shares during the period. Canada Pension Plan Investment Board’s holdings in V.F. Corporation were worth $2,292,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock worth $1,070,143,000 after buying an additional 18,412,097 shares in the last quarter. Wellington Management Group LLP raised its position in shares of V.F. Corporation by 13.9% in the first quarter. Wellington Management Group LLP now owns 33,920,937 shares of the textile maker’s stock worth $1,864,633,000 after buying an additional 4,129,477 shares in the last quarter. Parnassus Investments CA raised its position in shares of V.F. Corporation by 25.5% in the first quarter. Parnassus Investments CA now owns 13,480,236 shares of the textile maker’s stock worth $724,090,000 after buying an additional 2,740,485 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of V.F. Corporation by 12,957.2% in the first quarter. Victory Capital Management Inc. now owns 2,675,683 shares of the textile maker’s stock worth $147,083,000 after buying an additional 2,655,191 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of V.F. Corporation by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 5,808,796 shares of the textile maker’s stock worth $319,309,000 after buying an additional 1,017,375 shares in the last quarter.

V.F. Corporation (NYSE VFC) opened at 63.42 on Friday. V.F. Corporation has a 52-week low of $48.05 and a 52-week high of $64.59. The stock has a market cap of $24.96 billion, a PE ratio of 24.20 and a beta of 0.78. The company’s 50 day moving average is $60.62 and its 200-day moving average is $55.78.

V.F. Corporation (NYSE:VFC) last issued its quarterly earnings data on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. On average, equities analysts anticipate that V.F. Corporation will post $2.97 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, September 7th. V.F. Corporation’s payout ratio is presently 64.86%.

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A number of analysts have commented on VFC shares. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $49.00 price objective (down previously from $52.00) on shares of V.F. Corporation in a report on Monday, May 1st. Buckingham Research reiterated a “neutral” rating and issued a $55.00 price objective on shares of V.F. Corporation in a report on Monday, July 17th. Canaccord Genuity reiterated a “hold” rating and issued a $53.00 price objective on shares of V.F. Corporation in a report on Friday, May 26th. Bank of America Corporation reiterated an “underperform” rating and issued a $50.00 price objective (up previously from $47.00) on shares of V.F. Corporation in a report on Tuesday, August 15th. Finally, Macquarie reiterated an “outperform” rating and issued a $70.00 price objective (up previously from $69.00) on shares of V.F. Corporation in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $60.15.

In related news, VP Aidan O’meara sold 29,336 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $62.54, for a total transaction of $1,834,673.44. Following the transaction, the vice president now owns 120,680 shares of the company’s stock, valued at $7,547,327.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Alan Mccollough sold 22,852 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $62.94, for a total transaction of $1,438,304.88. Following the transaction, the director now directly owns 36,353 shares in the company, valued at approximately $2,288,057.82. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

V.F. Corporation Company Profile

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

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

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