Northwestern Mutual Investment Management Company LLC Increases Holding in VF Corp (VFC)

Northwestern Mutual Investment Management Company LLC Increases Holding in VF Corp (VFC)

Northwestern Mutual Investment Management Company LLC increased its stake in shares of VF Corp (NYSE:VFC) by 76.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 66,964 shares of the textile maker’s stock after buying an additional 28,959 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in VF Corp were worth $3,681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC bought a new position in shares of VF Corp during the fourth quarter valued at about $100,000. TrimTabs Asset Management LLC bought a new position in shares of VF Corp during the first quarter valued at about $121,000. Crestwood Advisors Group LLC bought a new position in shares of VF Corp during the first quarter valued at about $141,000. Norway Savings Bank boosted its position in shares of VF Corp by 4.2% in the first quarter. Norway Savings Bank now owns 2,918 shares of the textile maker’s stock valued at $160,000 after buying an additional 118 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in shares of VF Corp by 14.3% in the first quarter. Integrated Investment Consultants LLC now owns 3,543 shares of the textile maker’s stock valued at $195,000 after buying an additional 443 shares during the last quarter.

Shares of VF Corp (NYSE:VFC) traded up 1.29% during trading on Friday, hitting $54.34. 2,548,360 shares of the stock were exchanged. The stock has a 50-day moving average of $54.29 and a 200 day moving average of $53.72. The stock has a market cap of $21.76 billion, a P/E ratio of 22.15 and a beta of 0.81. VF Corp has a 12-month low of $48.05 and a 12-month high of $65.28.

VF Corp (NYSE:VFC) last released its quarterly earnings data on Friday, April 28th. The textile maker reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. VF Corp had a net margin of 9.23% and a return on equity of 26.26%. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts predict that VF Corp will post $2.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Friday, June 9th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.68 dividend on an annualized basis and a yield of 3.09%. VF Corp’s payout ratio is 63.64%.

Several brokerages have recently issued reports on VFC. Stifel Nicolaus restated a “hold” rating and issued a $56.00 target price on shares of VF Corp in a report on Sunday, April 23rd. Canaccord Genuity reiterated a “hold” rating and set a $53.00 price target on shares of VF Corp in a research note on Friday, May 26th. Vetr cut shares of VF Corp from a “buy” rating to a “hold” rating and set a $53.60 price target for the company. in a research note on Tuesday, February 28th. B. Riley reiterated a “neutral” rating and set a $53.00 price target on shares of VF Corp in a research note on Tuesday, April 25th. Finally, Piper Jaffray Companies set a $52.00 price target on shares of VF Corp and gave the stock a “hold” rating in a research note on Sunday, February 12th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $56.44.

VF Corp Company Profile

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”});

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