466 Shares in VF Corp (VFC) Purchased by Paragon Capital Management LLC
Paragon Capital Management LLC acquired a new stake in shares of VF Corp (NYSE:VFC) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 466 shares of the textile maker’s stock, valued at approximately $41,000.
Several other hedge funds have also modified their holdings of VFC. Toth Financial Advisory Corp boosted its holdings in VF by 130.3% in the 1st quarter. Toth Financial Advisory Corp now owns 5,029 shares of the textile maker’s stock worth $437,000 after buying an additional 2,845 shares during the period. Retirement Systems of Alabama boosted its holdings in VF by 0.8% in the 1st quarter. Retirement Systems of Alabama now owns 151,054 shares of the textile maker’s stock worth $13,128,000 after buying an additional 1,131 shares during the period. Virtu Financial LLC boosted its holdings in VF by 49.9% in the 1st quarter. Virtu Financial LLC now owns 8,763 shares of the textile maker’s stock worth $762,000 after buying an additional 2,918 shares during the period. Shorepoint Capital Partners LLC bought a new position in VF in the 1st quarter worth $4,363,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in VF in the 1st quarter worth $428,000.
Shares of VFC traded up $0.49 during midday trading on Monday, hitting $91.20. 1,433,123 shares of the company traded hands, compared to its average volume of 2,040,559. VF Corp has a 52 week low of $67.18 and a 52 week high of $97.00. The company has a market capitalization of $36.00 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.13. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, March 8th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Thursday, March 7th. VF’s dividend payout ratio is 68.46%.
Several brokerages recently weighed in on VFC. Wedbush upped their target price on shares of VF from $90.00 to $98.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Cowen upped their target price on shares of VF from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. Citigroup reaffirmed a “neutral” rating and issued a $85.00 target price (down previously from $90.00) on shares of VF in a report on Monday, March 18th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $96.00 target price (up previously from $88.00) on shares of VF in a report on Tuesday, January 22nd. Finally, ValuEngine raised shares of VF from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $92.14.
In other news, Director W Alan Mccollough sold 12,552 shares of the company’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $83.20, for a total transaction of $1,044,326.40. Following the sale, the director now directly owns 27,742 shares in the company, valued at approximately $2,308,134.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Curtis A. Holtz sold 24,926 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $85.75, for a total transaction of $2,137,404.50. Following the sale, the vice president now owns 61,433 shares in the company, valued at $5,267,879.75. The disclosure for this sale can be found here. Insiders have sold a total of 229,267 shares of company stock worth $19,577,926 over the last 90 days. Corporate insiders own 1.72% of the company’s stock.
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.
Further Reading: Resistance Level
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