The VF Corp (VFC) Stake Boosted by AMG National Trust Bank

The VF Corp (VFC) Stake Boosted by AMG National Trust Bank

Several other hedge funds and other institutional investors have also modified their holdings of the company. Parnassus Investments CA raised its stake in shares of VF Corp by 25.5% in the first quarter. Parnassus Investments CA now owns 13,480,236 shares of the textile maker’s stock valued at $724,090,000 after buying an additional 2,740,485 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its stake in shares of VF Corp by 4.1% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 6,391,000 shares of the textile maker’s stock valued at $351,313,000 after buying an additional 250,000 shares in the last quarter. Cornerstone Investment Partners LLC increased its stake in shares of VF Corp by 9.3% in the first quarter. Cornerstone Investment Partners LLC now owns 1,208,982 shares of the textile maker’s stock valued at $66,458,000 after buying an additional 102,421 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of VF Corp by 7.8% in the first quarter. ProShare Advisors LLC now owns 1,072,255 shares of the textile maker’s stock valued at $58,942,000 after buying an additional 77,289 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in shares of VF Corp by 3.4% in the first quarter. Douglas Lane & Associates LLC now owns 731,983 shares of the textile maker’s stock valued at $40,237,000 after buying an additional 24,243 shares during the last quarter.

AMG National Trust Bank increased its stake in shares of VF Corp (NYSE:VFC) by 7.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,354,318 shares of the textile maker’s stock after buying an additional 97,426 shares during the period. VF Corp makes up approximately 5.7% of AMG National Trust Bank’s investment portfolio, making the stock its 4th largest position. AMG National Trust Bank owned approximately 0.33% of VF Corp worth $74,447,000 at the end of the most recent quarter.

VF Corp (NYSE VFC) opened at 54.34 on Monday. VF Corp has a one year low of $48.05 and a one year high of $65.28. The stock has a market cap of $21.76 billion, a PE ratio of 22.15 and a beta of 0.81. The stock has a 50 day moving average price of $54.29 and a 200-day moving average price of $53.72.

VF Corp (NYSE:VFC) last announced its quarterly earnings data on Friday, April 28th. The textile maker reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. VF Corp had a return on equity of 18.49% and a net margin of 8.32%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that VF Corp will post $2.92 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Wednesday, June 7th. VF Corp’s dividend payout ratio (DPR) is 63.64%.

VF Corp (NYSE:VFC) last announced its quarterly earnings data on Friday, April 28th. The textile maker reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. VF Corp had a return on equity of 18.49% and a net margin of 8.32%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that VF Corp will post $2.92 earnings per share for the current fiscal year. VFC has been the subject of several recent research reports. Vetr downgraded VF Corp from a “strong-buy” rating to a “buy” rating and set a $56.40 price objective for the company. in a research report on Monday, February 13th. Morgan Stanley upgraded VF Corp from an “underweight” rating to an “equal weight” rating and set a $50.00 target price for the company in a report on Wednesday, February 22nd. They noted that the move was a valuation call. Canaccord Genuity set a $53.00 target price on VF Corp and gave the stock a “hold” rating in a research note on Saturday, April 1st. Piper Jaffray Companies set a $52.00 target price on VF Corp and gave the stock a “hold” rating in a research note on Sunday, February 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $56.00 target price on shares of VF Corp in a research note on Sunday, April 23rd. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company’s stock. VF Corp has a consensus rating of “Hold” and an average target price of $56.44.

About VF Corp V.F. Corporation (VF) 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. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VFC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for VF Corp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for VF Corp and related companies with our FREE daily email newsletter.

Related posts

Leave a Comment