VF Co. (NYSE:VFC) Chairman Steven E. Rendle sold 74,180 shares of the stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $80.12, for a total value of $5,943,301.60. Following the sale, the chairman now directly owns 257,070 shares in the company, valued at $20,596,448.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
NYSE:VFC opened at $80.92 on Tuesday. VF Co. has a 52 week low of $52.35 and a 52 week high of $84.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a market cap of $31.76 billion, a PE ratio of 27.15 and a beta of 0.91.
Get VF alerts:VF (NYSE:VFC) last posted its earnings results on Friday, May 4th. The textile maker reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. VF had a return on equity of 34.05% and a net margin of 5.24%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same period last year, the firm earned $0.52 EPS. The company’s quarterly revenue was up 21.8% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, June 8th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, June 7th. VF’s dividend payout ratio (DPR) is presently 61.74%.
Several equities research analysts have weighed in on VFC shares. Piper Jaffray Companies raised VF from a “neutral” rating to an “overweight” rating and set a $56.00 price target on the stock in a research report on Monday, February 5th. Barclays reaffirmed a “buy” rating and set a $89.00 price target (down from $96.00) on shares of VF in a research report on Tuesday, February 20th. Pivotal Research downgraded VF from a “buy” rating to a “hold” rating and cut their price target for the stock from $95.00 to $81.00 in a research report on Friday, February 16th. Guggenheim reaffirmed a “buy” rating on shares of VF in a research report on Thursday, March 8th. Finally, ValuEngine raised VF from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $79.95.
Several large investors have recently bought and sold shares of VFC. Investec Asset Management LTD purchased a new position in VF in the 4th quarter valued at about $101,867,000. BlackRock Inc. lifted its stake in VF by 3.2% in the 1st quarter. BlackRock Inc. now owns 22,590,912 shares of the textile maker’s stock valued at $1,674,438,000 after buying an additional 699,045 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in VF by 379.0% in 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 buying an additional 604,228 shares in the last quarter. Millennium Management LLC purchased a new position in VF in the 1st quarter valued at about $33,971,000. Finally, Boston Advisors LLC lifted its stake in VF by 730.7% in the 4th quarter. Boston Advisors LLC now owns 474,814 shares of the textile maker’s stock valued at $35,136,000 after buying an additional 417,655 shares in the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.
About VF
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.
No comments:
Post a Comment