Everett Harris & Co. CA Has $958,000 Stock Holdings in VF Corp (NYSE:VFC)
Everett Harris & Co. CA decreased its stake in shares of VF Corp (NYSE:VFC) by 33.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,715 shares of the textile maker’s stock after selling 7,925 shares during the period. Everett Harris & Co. CA’s holdings in VF were worth $958,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of VF by 4.9% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 19,174 shares of the textile maker’s stock valued at $1,037,000 after buying an additional 900 shares during the period. Advisor Group Holdings Inc. acquired a new stake in VF in the first quarter worth about $6,007,000. Guggenheim Capital LLC raised its holdings in VF by 54.2% during the 1st quarter. Guggenheim Capital LLC now owns 143,183 shares of the textile maker’s stock worth $7,743,000 after purchasing an additional 50,344 shares during the last quarter. National Pension Service raised its holdings in VF by 1.3% during the 1st quarter. National Pension Service now owns 480,440 shares of the textile maker’s stock worth $25,982,000 after purchasing an additional 5,961 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. acquired a new position in VF during the 2nd quarter valued at about $114,000. 87.23% of the stock is currently owned by hedge funds and other institutional investors.
VFC has been the subject of a number of recent research reports. Telsey Advisory Group dropped their price target on shares of VF from $100.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 22nd. Barclays reiterated a “buy” rating and set a $63.00 target price on shares of VF in a research report on Sunday, April 26th. UBS Group reduced their price target on VF from $93.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Argus downgraded VF from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Finally, Piper Sandler lowered VF from an “overweight” rating to a “neutral” rating and cut their target price for the company from $95.00 to $54.00 in a research note on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. VF currently has a consensus rating of “Hold” and a consensus price target of $66.86.
VFC opened at $60.36 on Friday. VF Corp has a 1-year low of $45.07 and a 1-year high of $100.25. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 4.64 and a beta of 1.22. The company’s fifty day moving average price is $60.77 and its two-hundred day moving average price is $65.68. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.08.
VF (NYSE:VFC) last posted its earnings results on Friday, July 31st. The textile maker reported ($0.57) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $0.07. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $975.49 million. VF had a net margin of 6.09% and a return on equity of 27.75%. The firm’s revenue was down 47.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. As a group, equities analysts forecast that VF Corp will post 1.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Thursday, September 10th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.18%. VF’s dividend payout ratio is presently 71.64%.
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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