The Osborn Williams & Donohoe LLC Reduces Stake in V.F. Corporation (VFC)

The Osborn Williams & Donohoe LLC Reduces Stake in V.F. Corporation (VFC)

Osborn Williams & Donohoe LLC cut its position in V.F. Corporation (NYSE:VFC) by 14.7% during the fourth quarter, Holdings Channel reports. The fund owned 12,095 shares of the company’s stock after selling 2,083 shares during the period. Osborn Williams & Donohoe LLC’s holdings in V.F. Corporation were worth $645,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Amica Retiree Medical Trust acquired a new stake in V.F. Corporation during the third quarter worth approximately $128,000. Jacobus Wealth Management Inc. acquired a new stake in V.F. Corporation during the third quarter worth approximately $129,000. Trust Co. of Vermont increased its stake in V.F. Corporation by 3.8% in the third quarter. Trust Co. of Vermont now owns 3,572 shares of the company’s stock worth $200,000 after buying an additional 132 shares during the last quarter. WASHINGTON TRUST Co acquired a new stake in V.F. Corporation during the second quarter worth approximately $203,000. Finally, Keel Point LLC acquired a new stake in V.F. Corporation during the third quarter worth approximately $220,000.

V.F. Corporation (NYSE:VFC) traded down 2.38% during mid-day trading on Wednesday, reaching $50.90. 5,713,145 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $54.30 and a 200-day moving average price of $57.79. V.F. Corporation has a 1-year low of $50.49 and a 1-year high of $67.10. The stock has a market cap of $21.06 billion, a P/E ratio of 19.32 and a beta of 0.82.

V.F. Corporation (NYSE:VFC) last announced its earnings results on Monday, October 24th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.15 by $0.05. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.63 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 26.26%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $1.07 EPS. Equities research analysts anticipate that V.F. Corporation will post $3.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 19th. Shareholders of record on Friday, December 9th were issued a dividend of $0.42 per share. This is an increase from V.F. Corporation’s previous quarterly dividend of $0.37. This represents a $1.68 annualized dividend and a yield of 3.30%. The ex-dividend date was Wednesday, December 7th. V.F. Corporation’s dividend payout ratio (DPR) is 63.64%.

A number of research firms recently commented on VFC. Piper Jaffray Companies downgraded shares of V.F. Corporation from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $58.00 to $56.00 in a report on Tuesday, January 3rd. B. Riley reiterated a “neutral” rating and issued a $56.00 target price on shares of V.F. Corporation in a report on Saturday, October 29th. Canaccord Genuity set a $68.00 target price on shares of V.F. Corporation and gave the stock a “buy” rating in a report on Wednesday, October 19th. TheStreet downgraded shares of V.F. Corporation from a “b-” rating to a “c+” rating in a report on Wednesday, January 11th. Finally, Brean Capital reiterated a “hold” rating on shares of V.F. Corporation in a report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.59.

In other V.F. Corporation news, Director Robert J/Ny Hurst sold 23,200 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $55.96, for a total transaction of $1,298,272.00. Following the sale, the director now directly owns 222,170 shares in the company, valued at approximately $12,432,633.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bedout Juan Ernesto De sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $56.21, for a total transaction of $337,260.00. Following the sale, the director now owns 29,970 shares in the company, valued at $1,684,613.70. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

About V.F. Corporation

V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.

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