V.F. Corporation (VFC) Stake Held by Keystone Financial Planning Inc.
Keystone Financial Planning Inc. held its position in shares of V.F. Corporation (NYSE:VFC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,031 shares of the textile maker’s stock at the end of the second quarter. Keystone Financial Planning Inc.’s holdings in V.F. Corporation were worth $232,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Orrstown Financial Services Inc. increased its stake in V.F. Corporation by 9.2% in the second quarter. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker’s stock worth $103,000 after buying an additional 150 shares during the last quarter. TrimTabs Asset Management LLC acquired a new stake in V.F. Corporation during the first quarter worth approximately $121,000. WFG Advisors LP increased its stake in V.F. Corporation by 7.4% in the first quarter. WFG Advisors LP now owns 2,480 shares of the textile maker’s stock worth $136,000 after buying an additional 170 shares during the last quarter. Zions Bancorporation increased its stake in V.F. Corporation by 1.5% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker’s stock worth $140,000 after buying an additional 38 shares during the last quarter. Finally, Crestwood Advisors Group LLC acquired a new stake in V.F. Corporation during the first quarter worth approximately $141,000.
V.F. Corporation (NYSE:VFC) opened at 61.58 on Friday. The stock has a market cap of $24.24 billion, a PE ratio of 23.49 and a beta of 0.78. V.F. Corporation has a 52-week low of $48.05 and a 52-week high of $65.20. The company’s 50 day moving average is $58.94 and its 200-day moving average is $54.92.
V.F. Corporation (NYSE:VFC) last issued its quarterly earnings results on Monday, July 24th. The textile maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. V.F. Corporation’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that V.F. Corporation will post $2.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 8th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.73%. The ex-dividend date is Thursday, September 7th. V.F. Corporation’s dividend payout ratio (DPR) is 64.86%.
A number of analysts have commented on VFC shares. Vetr downgraded shares of V.F. Corporation from a “sell” rating to a “strong sell” rating and set a $49.00 price objective for the company. in a report on Tuesday, April 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $56.00 price objective on shares of V.F. Corporation in a report on Sunday, April 23rd. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $49.00 price objective (down previously from $52.00) on shares of V.F. Corporation in a report on Monday, May 1st. Buckingham Research reiterated a “neutral” rating and issued a $55.00 price objective on shares of V.F. Corporation in a report on Monday, July 17th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $53.00 price objective on shares of V.F. Corporation in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.50.
About V.F. Corporation
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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