Nordea Investment Management AB Sells 13,219 Shares of VF Corp (NYSE:VFC)

Nordea Investment Management AB trimmed its position in VF Corp (NYSE:VFC) by 40.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,351 shares of the textile maker’s stock after selling 13,219 shares during the quarter. Nordea Investment Management AB’s holdings in VF were worth $1,682,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Doyle Wealth Management bought a new position in shares of VF in the fourth quarter worth approximately $26,000. Paragon Capital Management LLC bought a new position in VF during the first quarter valued at approximately $41,000. Prime Capital Investment Advisors LLC grew its position in VF by 73.8% during the first 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 last quarter. Bruderman Asset Management LLC bought a new position in VF during the fourth quarter valued at approximately $37,000. Finally, Meridian Wealth Management LLC bought a new position in VF during the first quarter valued at approximately $53,000.

A number of brokerages have commented on VFC. Canaccord Genuity reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, May 23rd. Guggenheim reiterated a “buy” rating and set a $95.00 price target (up from $90.00) on shares of VF in a research report on Thursday, May 23rd. Cowen reiterated a “buy” rating on shares of ImmunoGen in a research report on Thursday, June 27th. Goldman Sachs Group set a €6.34 ($7.37) price target on shares of Banco Bilbao Vizcaya Argentaria and gave the company a “neutral” rating in a research report on Friday, May 17th. Finally, Wedbush set a $69.00 price target on shares of Albireo Pharma and gave the company a “buy” rating in a research report on Thursday, May 23rd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. VF currently has an average rating of “Buy” and a consensus target price of $94.50.

Shares of NYSE:VFC traded up $0.18 during trading on Friday, reaching $87.34. 2,413,341 shares of the company traded hands, compared to its average volume of 1,544,125. The stock has a market capitalization of $34.62 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.48 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 company has a quick ratio of 1.03, a current ratio of 1.76 and a debt-to-equity ratio of 0.49. The firm’s fifty day simple moving average is $86.75.

VF (NYSE:VFC) last released its quarterly earnings data on Wednesday, May 22nd. The textile maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.20 billion. VF had a return on equity of 36.62% and a net margin of 9.10%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, research analysts forecast that VF Corp will post 3.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were paid a $0.51 dividend. This is a positive change from VF’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, June 7th. This represents a $2.04 dividend on an annualized basis and a yield of 2.34%. VF’s dividend payout ratio (DPR) is presently 53.97%.

VF Profile

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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