First Merchants Corp Has $3.71 Million Position in V.F. Corporation (NYSE:VFC)

First Merchants Corp raised its position in V.F. Corporation (NYSE:VFC) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,430 shares of the textile maker’s stock after buying an additional 6,526 shares during the period. First Merchants Corp’s holdings in V.F. Corporation were worth $3,711,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VFC. Wellington Management Group LLP raised its stake in shares of V.F. Corporation by 13.9% in the first quarter. Wellington Management Group LLP now owns 33,920,937 shares of the textile maker’s stock worth $1,864,633,000 after buying an additional 4,129,477 shares during the last quarter. State Street Corp raised its stake in shares of V.F. Corporation by 1.4% in the first quarter. State Street Corp now owns 20,946,013 shares of the textile maker’s stock worth $1,151,388,000 after buying an additional 295,004 shares during the last quarter. BlackRock Inc. raised its stake in shares of V.F. Corporation by 1,744.1% in the first quarter. BlackRock Inc. now owns 19,467,773 shares of the textile maker’s stock worth $1,070,143,000 after buying an additional 18,412,097 shares during the last quarter. Parnassus Investments CA raised its stake in shares of V.F. Corporation by 25.5% in the first quarter. Parnassus Investments CA now owns 13,480,236 shares of the textile maker’s stock worth $724,090,000 after buying an additional 2,740,485 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt raised its stake in shares of V.F. Corporation by 4.1% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 6,391,000 shares of the textile maker’s stock worth $351,313,000 after buying an additional 250,000 shares during the last quarter.

V.F. Corporation (NYSE VFC) opened at 62.78 on Friday. V.F. Corporation has a 12-month low of $48.05 and a 12-month high of $65.20. The firm has a 50 day moving average price of $59.88 and a 200 day moving average price of $55.33. The company has a market cap of $24.71 billion, a PE ratio of 23.95 and a beta of 0.78.

V.F. Corporation (NYSE:VFC) last announced its quarterly earnings data on Monday, July 24th. The textile maker reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. V.F. Corporation had a net margin of 9.23% and a return on equity of 27.44%. V.F. Corporation’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. On average, analysts anticipate that V.F. Corporation will post $2.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, September 8th will be issued a $0.42 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.68 annualized dividend and a yield of 2.68%. V.F. Corporation’s dividend payout ratio (DPR) is presently 64.86%.

ILLEGAL ACTIVITY WARNING: “First Merchants Corp Has $3.71 Million Position in V.F. Corporation (NYSE:VFC)” was posted by BNB Daily and is the sole property of of BNB Daily. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.baseball-news-blog.com/2017/08/19/first-merchants-corp-increases-stake-in-v-f-corporation-nysevfc-updated-updated.html.

VFC has been the topic of a number of analyst reports. TheStreet raised V.F. Corporation from a “c+” rating to a “b-” rating in a research report on Thursday, July 13th. Macquarie reaffirmed an “outperform” rating and set a $70.00 target price (up from $69.00) on shares of V.F. Corporation in a research report on Tuesday, July 25th. B. Riley reaffirmed a “neutral” rating and set a $53.00 target price on shares of V.F. Corporation in a research report on Sunday, April 30th. Bank of America Corporation reaffirmed an “underperform” rating and set a $50.00 target price (up from $47.00) on shares of V.F. Corporation in a research report on Tuesday. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $55.00 target price on shares of V.F. Corporation in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. V.F. Corporation has an average rating of “Hold” and an average price target of $60.15.

About V.F. Corporation

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.

Institutional Ownership by Quarter for V.F. Corporation (NYSE:VFC)

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

Latest News

Leave a Reply