Jones Financial Companies Lllp Has $9.32 Million Position in VF Corp (VFC)
Jones Financial Companies Lllp reduced its holdings in VF Corp (NYSE:VFC) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,306 shares of the textile maker’s stock after selling 1,061 shares during the quarter. Jones Financial Companies Lllp’s holdings in VF were worth $9,318,000 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. BlackRock Inc. grew its position in VF by 3.2% during the first quarter. BlackRock Inc. now owns 22,590,912 shares of the textile maker’s stock valued at $1,674,438,000 after acquiring an additional 699,045 shares during the period. Wells Fargo & Company MN grew its position in VF by 1.6% during the first quarter. Wells Fargo & Company MN now owns 9,138,244 shares of the textile maker’s stock valued at $677,327,000 after acquiring an additional 143,454 shares during the period. Bank of New York Mellon Corp grew its position in VF by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,736,782 shares of the textile maker’s stock valued at $223,103,000 after acquiring an additional 9,878 shares during the period. Schwab Charles Investment Management Inc. grew its position in VF by 23.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,153,080 shares of the textile maker’s stock valued at $159,587,000 after acquiring an additional 408,132 shares during the period. Finally, King Luther Capital Management Corp grew its position in VF by 18.2% during the first quarter. King Luther Capital Management Corp now owns 1,648,360 shares of the textile maker’s stock valued at $122,176,000 after acquiring an additional 254,150 shares during the period. Hedge funds and other institutional investors own 98.25% of the company’s stock.
A number of equities research analysts have issued reports on VFC shares. Royal Bank of Canada reissued a “buy” rating and set a $105.00 price target on shares of VF in a research report on Thursday, July 26th. Bank of America raised VF from an “underperform” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Friday, July 13th. Goldman Sachs Group started coverage on VF in a research report on Monday, June 25th. They set a “buy” rating and a $96.00 price target for the company. JPMorgan Chase & Co. raised VF from a “neutral” rating to an “overweight” rating and set a $78.00 price target for the company in a research report on Monday, July 16th. Finally, Credit Suisse Group boosted their price target on VF from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. VF has a consensus rating of “Buy” and an average target price of $93.70.
Shares of NYSE VFC opened at $91.13 on Friday. VF Corp has a 1-year low of $61.56 and a 1-year high of $97.00. The company has a quick ratio of 0.78, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $38.18 billion, a PE ratio of 30.58, a P/E/G ratio of 2.50 and a beta of 1.01.
VF (NYSE:VFC) last issued its quarterly earnings results on Friday, July 20th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.68 billion. VF had a return on equity of 35.37% and a net margin of 5.46%. VF’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. research analysts anticipate that VF Corp will post 3.6 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Monday, September 10th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, September 7th. VF’s dividend payout ratio is currently 61.74%.
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.
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