First Republic Investment Management Inc. lowered its position in VF Corp (NYSE:VFC) by 38.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,284 shares of the textile maker’s stock after selling 119,069 shares during the quarter. First Republic Investment Management Inc.’s holdings in VF were worth $15,757,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VFC. Wells Fargo & Company MN increased its position in shares of VF by 1.6% during the first quarter. Wells Fargo & Company MN now owns 9,138,244 shares of the textile maker’s stock worth $677,327,000 after acquiring an additional 143,454 shares during the period. Daiwa Securities Group Inc. increased its position in shares of VF by 9.6% during the first quarter. Daiwa Securities Group Inc. now owns 11,010 shares of the textile maker’s stock worth $816,000 after acquiring an additional 966 shares during the period. American Century Companies Inc. purchased a new stake in shares of VF during the first quarter worth $29,686,000. Sandy Spring Bank grew its stake in shares of VF by 35.7% during the first quarter. Sandy Spring Bank now owns 3,761 shares of the textile maker’s stock worth $278,000 after purchasing an additional 989 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of VF by 0.9% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 94,778 shares of the textile maker’s stock worth $7,025,000 after purchasing an additional 808 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors.

In related news, VP Kevin Bailey sold 4,400 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $91.95, for a total value of $404,580.00. Following the completion of the sale, the vice president now directly owns 28,861 shares of the company’s stock, valued at approximately $2,653,768.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott A. Roe sold 29,544 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $92.78, for a total value of $2,741,092.32. Following the completion of the transaction, the chief financial officer now owns 102,165 shares of the company’s stock, valued at approximately $9,478,868.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,533 shares of company stock worth $11,932,040. Company insiders own 1.72% of the company’s stock.

VFC has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $105.00 target price on shares of VF in a research note on Thursday, July 26th. Bank of America upgraded shares of VF from an “underperform” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Friday, July 13th. Goldman Sachs Group began coverage on shares of VF in a research note on Monday, June 25th. They issued a “buy” rating and a $96.00 price objective for the company. Credit Suisse Group upped their price objective on shares of VF from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, July 17th. Finally, JPMorgan Chase & Co. upgraded shares of VF from a “neutral” rating to an “overweight” rating and set a $78.00 price objective for the company in a research note on Monday, July 16th. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. VF has an average rating of “Buy” and a consensus target price of $94.61.

VFC stock traded down $0.04 during midday trading on Friday, reaching $91.17. The company had a trading volume of 2,131,077 shares, compared to its average volume of 2,053,662. The company has a market cap of $35.54 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 2.32 and a beta of 0.98. VF Corp has a 1-year low of $61.56 and a 1-year high of $97.00. The company has a quick ratio of 0.78, a current ratio of 1.45 and a debt-to-equity ratio of 0.58.

VF (NYSE:VFC) last posted its quarterly earnings results on Friday, July 20th. The textile maker reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.11. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.68 billion. VF had a return on equity of 35.37% and a net margin of 5.46%. VF’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. analysts anticipate that VF Corp will post 3.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Monday, September 10th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, September 7th. VF’s dividend payout ratio (DPR) is currently 61.74%.

VF Company Profile

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor & Action Sports, Jeanswear, Imagewear and Others. The Outdoor & Action Sports segment refers to outdoor and activity-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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