Tompkins Financial Corp trimmed its position in VF Corp (NYSE:VFC) by 49.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 685 shares of the textile maker’s stock after selling 681 shares during the period. Tompkins Financial Corp’s holdings in VF were worth $60,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Paragon Capital Management LLC acquired a new stake in shares of VF in the 1st quarter valued at approximately $41,000. Prime Capital Investment Advisors LLC raised its position in shares of VF by 73.8% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 478 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 203 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of VF in the 1st quarter valued at approximately $53,000. Zions Bancorporation N.A. acquired a new stake in shares of VF in the 1st quarter valued at approximately $57,000. Finally, Cornerstone Advisors Inc. raised its position in shares of VF by 28.6% in the 1st quarter. Cornerstone Advisors Inc. now owns 988 shares of the textile maker’s stock valued at $86,000 after acquiring an additional 220 shares during the period.

A number of brokerages recently weighed in on VFC. Telsey Advisory Group reiterated an “outperform” rating and issued a $106.00 price target (up from $104.00) on shares of VF in a research report on Thursday. Guggenheim restated a “buy” rating and set a $95.00 target price (up from $90.00) on shares of VF in a report on Thursday, May 23rd. Cowen restated a “buy” rating on shares of ImmunoGen in a report on Thursday, June 27th. Canaccord Genuity restated a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, May 23rd. Finally, Goldman Sachs Group set a €6.34 ($7.37) target price on shares of Banco Bilbao Vizcaya Argentaria and gave the stock a “neutral” rating in a report on Friday, May 17th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $93.69.

Shares of VFC traded down $0.19 during mid-day trading on Monday, hitting $88.42. 601,581 shares of the company’s stock were exchanged, compared to its average volume of 1,545,513. The firm has a market capitalization of $35.19 billion, a P/E ratio of 23.39, a PEG ratio of 2.49 and a beta of 1.15. VF Corp has a 52 week low of $67.18 and a 52 week high of $97.00. The stock has a 50-day moving average of $87.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 2.04.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, July 24th. The textile maker reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.24 billion. VF had a net margin of 8.62% and a return on equity of 34.52%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. On average, equities research analysts anticipate that VF Corp will post 3.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, September 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.95%. VF’s dividend payout ratio is currently 53.97%.

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.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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