Bridgewater Associates LP Takes $5.88 Million Position in VF Corp (VFC)

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Bridgewater Associates LP acquired a new stake in VF Corp (NYSE:VFC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 72,088 shares of the textile maker’s stock, valued at approximately $5,877,000.

Other hedge funds have also added to or reduced their stakes in the company. Private Capital Group LLC boosted its holdings in shares of VF by 5,303.7% in the 1st quarter. Private Capital Group LLC now owns 1,459 shares of the textile maker’s stock valued at $108,000 after acquiring an additional 1,432 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of VF by 179.8% in the 1st quarter. Moneta Group Investment Advisors LLC now owns 1,480 shares of the textile maker’s stock valued at $110,000 after acquiring an additional 951 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of VF by 154.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,814 shares of the textile maker’s stock valued at $147,000 after purchasing an additional 1,102 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in shares of VF in the 2nd quarter valued at $165,000. Finally, Focused Wealth Management Inc lifted its stake in shares of VF by 437.5% in the 1st quarter. Focused Wealth Management Inc now owns 2,150 shares of the textile maker’s stock valued at $159,000 after purchasing an additional 1,750 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

NYSE:VFC opened at $91.09 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The firm has a market cap of $36.53 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 2.39 and a beta of 0.98. VF Corp has a fifty-two week low of $61.56 and a fifty-two week high of $97.00.

VF (NYSE:VFC) last posted its quarterly earnings data on Friday, July 20th. The textile maker reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.11. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.68 billion. VF had a net margin of 5.46% and a return on equity of 35.37%. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. equities research analysts predict that VF Corp will post 3.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Monday, September 10th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, September 7th. VF’s dividend payout ratio is presently 61.74%.

Several equities analysts recently issued reports on VFC shares. Royal Bank of Canada reiterated a “buy” rating and issued a $105.00 target price on shares of VF in a research note on Thursday, July 26th. Bank of America upgraded shares of VF from an “underperform” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Friday, July 13th. Goldman Sachs Group started coverage on shares of VF in a research note on Monday, June 25th. They issued a “buy” rating and a $96.00 target price for the company. Credit Suisse Group boosted their target price on shares of VF from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, July 17th. Finally, JPMorgan Chase & Co. upgraded shares of VF from a “neutral” rating to an “overweight” rating and set a $78.00 target price for the company in a research note on Monday, July 16th. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $93.70.

In other VF news, VP Scott H. Baxter sold 65,988 shares of the company’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $83.85, for a total transaction of $5,533,093.80. Following the completion of the transaction, the vice president now directly owns 196,882 shares in the company, valued at $16,508,555.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Guerrini Martino Scabbia sold 20,096 shares of the company’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $84.10, for a total transaction of $1,690,073.60. Following the transaction, the vice president now owns 127,485 shares of the company’s stock, valued at $10,721,488.50. The disclosure for this sale can be found here. Insiders have sold 214,617 shares of company stock valued at $19,155,207 over the last 90 days. 1.72% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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