Raymond James Trust N.A. Sells 840 Shares of VF Corp (VFC)
Raymond James Trust N.A. trimmed its stake in VF Corp (NYSE:VFC) by 1.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 50,500 shares of the textile maker’s stock after selling 840 shares during the quarter. Raymond James Trust N.A.’s holdings in VF were worth $4,389,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Doyle Wealth Management bought a new stake in shares of VF during the fourth quarter valued at about $26,000. Destination Wealth Management raised its stake in shares of VF by 365.2% during the fourth quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 336 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in shares of VF by 99.1% during the fourth quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 219 shares in the last quarter. Sonora Investment Management LLC raised its stake in shares of VF by 69.5% during the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 182 shares in the last quarter. Finally, Bruderman Asset Management LLC bought a new stake in shares of VF during the fourth quarter valued at about $37,000.
A number of equities research analysts recently weighed in on the stock. Wedbush lifted their price objective on shares of VF from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Citigroup restated a “neutral” rating and set a $85.00 price objective (down from $90.00) on shares of VF in a research note on Monday, March 18th. Cowen lifted their price objective on shares of VF from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Telsey Advisory Group restated an “outperform” rating and set a $96.00 price objective (up from $88.00) on shares of VF in a research note on Tuesday, January 22nd. Finally, Piper Jaffray Companies set a $93.00 price objective on shares of VF and gave the company a “buy” rating in a research note on Friday, January 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. VF has a consensus rating of “Buy” and an average price target of $92.14.
NYSE:VFC traded up $0.49 during mid-day trading on Monday, reaching $91.20. 1,365,260 shares of the stock were exchanged, compared to its average volume of 2,040,500. The firm has a market cap of $36.00 billion, a P/E ratio of 30.60, a PEG ratio of 1.86 and a beta of 1.13. VF Corp has a 1-year low of $67.18 and a 1-year high of $97.00. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50.
VF (NYSE:VFC) last released its earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.87 billion. VF had a return on equity of 38.84% and a net margin of 10.11%. VF’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. Sell-side analysts expect that VF Corp will post 3.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, March 8th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.24%. VF’s dividend payout ratio is currently 68.46%.
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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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