Resources Management Corp CT ADV Makes New Investment in VF Corp (NYSE:VFC)

Resources Management Corp CT ADV acquired a new stake in VF Corp (NYSE:VFC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 99,344 shares of the textile maker’s stock, valued at approximately $8,841,000. VF comprises approximately 1.6% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 16th largest position.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in VF by 1.2% during the second quarter. Vanguard Group Inc. now owns 28,051,212 shares of the textile maker’s stock worth $2,450,273,000 after acquiring an additional 329,338 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of VF by 2.6% in the second quarter. Wells Fargo & Company MN now owns 8,566,246 shares of the textile maker’s stock valued at $748,262,000 after purchasing an additional 220,695 shares during the last quarter. Bank of America Corp DE increased its stake in shares of VF by 16.5% during the second quarter. Bank of America Corp DE now owns 7,375,848 shares of the textile maker’s stock worth $644,279,000 after purchasing an additional 1,045,204 shares during the period. Parnassus Investments CA increased its stake in shares of VF by 1.0% during the third quarter. Parnassus Investments CA now owns 7,203,867 shares of the textile maker’s stock worth $641,072,000 after purchasing an additional 69,219 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in VF by 153.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,804,466 shares of the textile maker’s stock worth $507,020,000 after purchasing an additional 3,516,600 shares during the last quarter. Hedge funds and other institutional investors own 83.31% of the company’s stock.

Several research firms recently issued reports on VFC. UBS Group boosted their price target on VF from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Susquehanna Bancshares lifted their target price on VF from $105.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays began coverage on shares of VF in a research report on Tuesday, November 12th. They issued an “overweight” rating and a $103.00 target price for the company. ValuEngine downgraded shares of VF from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $98.00 price target on shares of VF in a research report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. VF currently has a consensus rating of “Buy” and a consensus price target of $98.07.

Shares of VFC traded up $2.05 during trading hours on Wednesday, hitting $88.04. 1,309,634 shares of the company were exchanged, compared to its average volume of 1,921,691. The company has a quick ratio of 1.20, a current ratio of 1.99 and a debt-to-equity ratio of 0.67. VF Corp has a fifty-two week low of $67.18 and a fifty-two week high of $96.20. The company has a market cap of $35.36 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 2.62 and a beta of 1.16. The firm’s fifty day moving average is $87.21 and its 200 day moving average is $86.26.

VF (NYSE:VFC) last posted its quarterly earnings results on Friday, October 25th. The textile maker reported $1.26 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.04). The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.42 billion. VF had a net margin of 10.07% and a return on equity of 32.04%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. Analysts anticipate that VF Corp will post 3.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be given a $0.48 dividend. The ex-dividend date is Monday, December 9th. This is a boost from VF’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 2.18%. VF’s payout ratio is presently 45.50%.

In other news, VP Guerrini Martino Scabbia sold 17,000 shares of VF stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $90.21, for a total value of $1,533,570.00. Following the transaction, the vice president now owns 140,616 shares in the company, valued at approximately $12,684,969.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kevin Bailey sold 21,314 shares of VF stock in a transaction on Friday, November 1st. The shares were sold at an average price of $83.14, for a total value of $1,772,045.96. Following the completion of the transaction, the vice president now owns 71,241 shares in the company, valued at approximately $5,922,976.74. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

VF Company 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.

Recommended Story: What is the float in trading stocks?

Want to see what other hedge funds are holding VFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VF Corp (NYSE:VFC).

Institutional Ownership by Quarter for VF (NYSE:VFC)

Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.