PGGM Investments bought a new stake in shares of V.F. Corporation during the first quarter worth approximately $11,656,000. First Merchants Corp's holdings in V.F. Corporation were worth $3,711,000 as of its most recent SEC filing. Manning & Napier Advisors LLC now owns 106,984 shares of the textile maker's stock valued at $5,880,000 after buying an additional 5,135 shares in the last quarter. Orrstown Financial Services Inc. boosted its stake in shares of V.F. Corporation by 9.2% in the second quarter. Victory Capital Management Inc. now owns 2,675,683 shares of the textile maker's stock valued at $147,083,000 after buying an additional 2,655,191 shares during the last quarter. Inc. raised its stake in shares of V.F. Corporation by 35.2% in the first quarter. Wellington Management Group LLP now owns 33,920,937 shares of the textile maker's stock valued at $1,864,633,000 after buying an additional 4,129,477 shares during the last quarter. Manning & Napier Advisors LLC boosted its position in shares of V.F. Corporation by 5.0% in the first quarter. The value in dollars went from $58,942,000 to $61,076,000 a change of 3.6% since the last quarter. Chevy Chase Trust Holdings Inc. now owns 326,069 shares of the textile maker's stock valued at $17,924,000 after buying an additional 5,157 shares in the last quarter. TheStreet raised V.F. Corporation from a "c+" rating to a "b-" rating in a research report on Thursday, July 13th. V.F. Corporation has a one year low of $48.05 and a one year high of $65.20. The company has market cap of $24.25 billion.
Shares of the company are trading at $62.01 impressively higher than $58.78, the 50 day moving average and quite a bit higher than the 200 day moving average of $54.85. The textile maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.01. The business had revenue of $2.36 billion for the quarter, compared to analysts' expectations of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. V.F. Corporation's revenue for the quarter was up 1.7% compared to the same quarter past year. During the same period in the prior year, the company earned $0.35 EPS. On average, equities analysts anticipate that V.F. Corporation will post $2.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Dean Invest Associate Limited Liability Co has 0.1% invested in VF Corp (NYSE:VFC) for 10,990 shares. The ex-dividend date was Wednesday the 7th of June 2017. This dividend represents a yield of $2.70. V.F. Corporation's dividend payout ratio (DPR) is now 64.86%.
Royal Bank Scotland PLC
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A number of research firms have weighed in on VFC. 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. The company has a consensus rating of "Hold" and an average price target of $58.50. Forward View upgraded shares of V.F. Corporation from a "sell" rating to a "hold" rating and set a $65.00 price objective on the stock in a report on Friday, July 28th. UBS AG raised V.F. Corporation from a "neutral" rating to a "positive" rating in a report on Friday, July 28th. Finally, Susquehanna Bancshares Inc reissued a neutral rating and issued a $49.00 price objective (down previously from $52.00) on shares of V.F. Corporation in a research note on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company.
V.F. Corporation 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. The Company's Outdoor & Action Sports Coalition is a group of authentic outdoor and activity lifestyle brands.