Credit Agricole S A Has $2.81 Million Position in VF Corp (VFC)
Credit Agricole S A trimmed its stake in shares of VF Corp (NYSE:VFC) by 80.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 38,000 shares of the textile maker’s stock after selling 155,978 shares during the quarter. Credit Agricole S A’s holdings in VF were worth $2,812,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in VFC. Congress Asset Management Co. MA raised its stake in shares of VF by 379.0% during the 4th quarter. Congress Asset Management Co. MA now owns 763,659 shares of the textile maker’s stock valued at $56,511,000 after purchasing an additional 604,228 shares during the period. Boston Advisors LLC raised its stake in shares of VF by 730.7% during the 4th quarter. Boston Advisors LLC now owns 474,814 shares of the textile maker’s stock valued at $35,136,000 after purchasing an additional 417,655 shares during the period. Smith Asset Management Group LP bought a new stake in shares of VF during the 4th quarter valued at $27,544,000. BlackRock Inc. increased its stake in VF by 1.6% in the 4th quarter. BlackRock Inc. now owns 21,891,867 shares of the textile maker’s stock worth $1,619,997,000 after acquiring an additional 335,056 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in VF by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 3,913,402 shares of the textile maker’s stock worth $289,592,000 after acquiring an additional 236,963 shares during the last quarter. Institutional investors own 85.22% of the company’s stock.
A number of equities analysts have weighed in on the company. ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a research note on Thursday. TheStreet lowered VF from a “b+” rating to a “c+” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $78.00 target price (down from $82.00) on shares of VF in a research note on Tuesday, February 20th. Barclays restated a “buy” rating and issued a $89.00 target price (down from $96.00) on shares of VF in a research note on Tuesday, February 20th. Finally, DA Davidson set a $78.00 target price on VF and gave the stock a “hold” rating in a research note on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $75.10.
VF (NYSE:VFC) last announced its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01). The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.67 billion. VF had a net margin of 5.08% and a return on equity of 31.49%. VF’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. sell-side analysts anticipate that VF Corp will post 3.46 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 9th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.84 annualized dividend and a dividend yield of 2.50%. VF’s dividend payout ratio (DPR) is presently 102.79%.
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V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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