Sonora Investment Management LLC Increases Holdings in VF Corp (NYSE:VFC)
Sonora Investment Management LLC grew its holdings in shares of VF Corp (NYSE:VFC) by 92.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 744 shares of the textile maker’s stock after acquiring an additional 357 shares during the quarter. Sonora Investment Management LLC’s holdings in VF were worth $65,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Citizens Bank & Trust Co. grew its holdings in VF by 0.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 22,621 shares of the textile maker’s stock valued at $1,966,000 after purchasing an additional 116 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in VF by 2.2% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,771 shares of the textile maker’s stock valued at $504,000 after purchasing an additional 125 shares during the last quarter. Camelot Portfolios LLC grew its holdings in VF by 4.9% during the 2nd quarter. Camelot Portfolios LLC now owns 2,815 shares of the textile maker’s stock valued at $246,000 after purchasing an additional 132 shares during the last quarter. Covenant Multifamily Offices LLC grew its holdings in VF by 2.6% during the 1st quarter. Covenant Multifamily Offices LLC now owns 5,805 shares of the textile maker’s stock valued at $505,000 after purchasing an additional 145 shares during the last quarter. Finally, Adviser Investments LLC grew its holdings in VF by 0.5% during the 1st quarter. Adviser Investments LLC now owns 35,146 shares of the textile maker’s stock valued at $3,054,000 after purchasing an additional 166 shares during the last quarter.
VFC stock traded down $0.12 during mid-day trading on Tuesday, reaching $88.21. The company had a trading volume of 505,793 shares, compared to its average volume of 1,545,513. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.04 and a quick ratio of 1.20. The stock has a market cap of $34.53 billion, a P/E ratio of 23.34, a PEG ratio of 2.49 and a beta of 1.15. The business has a 50 day moving average of $87.62. VF Corp has a 12 month low of $67.18 and a 12 month high of $97.00.
The firm also recently disclosed 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 of this dividend is Monday, September 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.95%. VF’s dividend payout ratio is presently 53.97%.
VFC has been the topic of several analyst reports. TheStreet downgraded shares of VF from a “b+” rating to a “c” rating in a report on Wednesday, July 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $106.00 price target (up from $104.00) on shares of VF in a report on Thursday, July 25th. Guggenheim reiterated a “buy” rating and set a $95.00 price target (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 research note on Thursday, June 27th. Finally, UBS Group dropped their target price on shares of VF from $97.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. VF currently has a consensus rating of “Buy” and an average target price of $93.69.
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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