Bahl & Gaynor Inc. Sells 4,938 Shares of VF Corp (NYSE:VFC)
Bahl & Gaynor Inc. cut its stake in VF Corp (NYSE:VFC) by 12.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,386 shares of the textile maker’s stock after selling 4,938 shares during the quarter. Bahl & Gaynor Inc.’s holdings in VF were worth $1,914,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its holdings in shares of VF by 10.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,623 shares of the textile maker’s stock valued at $248,000 after purchasing an additional 256 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of VF by 3.5% during the 4th quarter. Victory Capital Management Inc. now owns 180,055 shares of the textile maker’s stock valued at $17,944,000 after purchasing an additional 6,057 shares during the last quarter. Cetera Advisor Networks LLC grew its position in VF by 8.2% during the fourth quarter. Cetera Advisor Networks LLC now owns 6,642 shares of the textile maker’s stock valued at $662,000 after buying an additional 506 shares during the period. Private Advisor Group LLC increased its stake in shares of VF by 54.5% during the 4th quarter. Private Advisor Group LLC now owns 12,936 shares of the textile maker’s stock worth $1,289,000 after purchasing an additional 4,561 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in VF in the fourth quarter worth $1,049,000. 76.17% of the stock is currently owned by institutional investors.
VF stock traded down $1.17 during mid-day trading on Friday, reaching $58.64. 36,271 shares of the company’s stock traded hands, compared to its average volume of 3,663,669. VF Corp has a 12-month low of $45.07 and a 12-month high of $100.25. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.08. The stock has a 50 day moving average of $59.47 and a two-hundred day moving average of $72.19. The company has a market cap of $23.00 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 4.51 and a beta of 1.21.
The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, June 10th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.92 dividend on an annualized basis and a yield of 3.27%. VF’s dividend payout ratio (DPR) is 71.64%.
In related news, EVP Laura C. Meagher sold 10,055 shares of VF stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $69.32, for a total value of $697,012.60. Following the completion of the transaction, the executive vice president now owns 23,474 shares in the company, valued at approximately $1,627,217.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard Carucci purchased 3,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $60.51 per share, with a total value of $211,785.00. Following the purchase, the director now owns 69,774 shares in the company, valued at $4,222,024.74. The disclosure for this purchase can be found here. Company insiders own 0.80% of the company’s stock.
VFC has been the subject of several analyst reports. UBS Group cut their target price on VF from $93.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Telsey Advisory Group cut their price objective on VF from $100.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, April 22nd. BTIG Research began coverage on shares of VF in a research report on Tuesday, April 28th. They set a “neutral” rating on the stock. Raymond James initiated coverage on VF in a research note on Tuesday, March 31st. They set a “market perform” rating for the company. Finally, Deutsche Bank reduced their price target on shares of VF from $84.00 to $50.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $68.07.
VF Company Profile
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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