Sumitomo Mitsui DS Asset Management Company Ltd increased its position in V.F. Co. (NYSE:VFC – Get Rating) by 116.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,128 shares of the textile maker’s stock after buying an additional 23,764 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in V.F. were worth $1,949,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Tompkins Financial Corp raised its position in V.F. by 981.4% during the first quarter. Tompkins Financial Corp now owns 465 shares of the textile maker’s stock valued at $26,000 after buying an additional 422 shares during the period. Tcwp LLC acquired a new position in V.F. during the first quarter valued at $34,000. Cornerstone Advisory LLC acquired a new position in V.F. during the fourth quarter valued at $40,000. Landmark Wealth Management LLC acquired a new position in V.F. during the first quarter valued at $40,000. Finally, Quent Capital LLC acquired a new position in V.F. during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 87.01% of the company’s stock.
V.F. Price Performance
Shares of NYSE:VFC opened at $36.43 on Friday. The business has a 50 day moving average price of $43.94 and a 200 day moving average price of $48.43. V.F. Co. has a twelve month low of $36.39 and a twelve month high of $78.91. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.67 and a beta of 1.35. The company has a quick ratio of 0.66, a current ratio of 1.33 and a debt-to-equity ratio of 1.33.
V.F. Dividend Announcement
Insider Activity at V.F.
In other V.F. news, Director W Rodney Mcmullen bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average price of $44.76 per share, for a total transaction of $268,560.00. Following the purchase, the director now directly owns 34,146 shares in the company, valued at $1,528,374.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director W Rodney Mcmullen acquired 6,000 shares of V.F. stock in a transaction on Wednesday, August 3rd. The stock was bought at an average price of $44.76 per share, for a total transaction of $268,560.00. Following the transaction, the director now owns 34,146 shares of the company’s stock, valued at $1,528,374.96. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard Carucci acquired 10,000 shares of V.F. stock in a transaction on Friday, August 26th. The stock was purchased at an average price of $41.44 per share, with a total value of $414,400.00. Following the transaction, the director now directly owns 115,528 shares in the company, valued at approximately $4,787,480.32. The disclosure for this purchase can be found here. 0.90% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research firms recently weighed in on VFC. The Goldman Sachs Group dropped their price target on V.F. from $40.00 to $35.00 and set a “sell” rating on the stock in a research report on Thursday, July 21st. Cowen lowered V.F. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $52.00 to $50.00 in a research report on Monday, August 22nd. Cowen lowered V.F. from an “outperform” rating to a “market perform” rating in a research report on Monday, August 22nd. JPMorgan Chase & Co. dropped their target price on V.F. from $47.00 to $44.00 in a research report on Friday, September 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on V.F. from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $57.44.
V.F. Company Profile
V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.
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