Latest Stocks: Security Asset Management Reduces Position in VF Corp (VFC)

Latest Stocks: Security Asset Management Reduces Position in VF Corp (VFC)

Security Asset Management cut its position in shares of VF Corp (NYSE:VFC) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,972 shares of the textile maker’s stock after selling 1,190 shares during the period. Security Asset Management’s holdings in VF Corp were worth $658,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in VF Corp by 0.9% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 106,163 shares of the textile maker’s stock worth $5,950,000 after buying an additional 970 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in VF Corp by 1.6% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 17,380 shares of the textile maker’s stock worth $974,000 after buying an additional 280 shares in the last quarter. AMG National Trust Bank increased its position in VF Corp by 6.8% in the third quarter. AMG National Trust Bank now owns 1,191,839 shares of the textile maker’s stock worth $66,803,000 after buying an additional 76,091 shares in the last quarter. Novare Capital Management LLC increased its position in VF Corp by 0.9% in the third quarter. Novare Capital Management LLC now owns 81,565 shares of the textile maker’s stock worth $4,572,000 after buying an additional 725 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in VF Corp by 47.3% in the third quarter. Johnson Investment Counsel Inc. now owns 428,020 shares of the textile maker’s stock worth $23,990,000 after buying an additional 137,366 shares in the last quarter.

Shares of VF Corp (NYSE:VFC) opened at 54.30 on Tuesday. The firm has a market cap of $21.74 billion, a P/E ratio of 22.14 and a beta of 0.81. The firm has a 50-day moving average of $54.29 and a 200 day moving average of $53.66. VF Corp has a 12 month low of $48.05 and a 12 month high of $65.28.

VF Corp (NYSE:VFC) last issued its quarterly earnings data on Friday, April 28th. The textile maker reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. VF Corp had a return on equity of 18.49% and a net margin of 8.32%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the business earned $0.61 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that VF Corp will post $2.92 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Investors of record on Friday, June 9th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, June 7th. VF Corp’s payout ratio is 63.64%.

VF Corp (NYSE:VFC) last issued its quarterly earnings data on Friday, April 28th. The textile maker reported $0.55 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.55. VF Corp had a return on equity of 18.49% and a net margin of 8.32%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the business earned $0.61 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that VF Corp will post $2.92 EPS for the current fiscal year. A number of research analysts have recently commented on the stock. B. Riley reaffirmed a “neutral” rating and set a $51.00 price objective on shares of VF Corp in a research note on Wednesday, February 15th. Piper Jaffray Companies set a $52.00 price objective on shares of VF Corp and gave the company a “hold” rating in a research note on Sunday, February 12th. Canaccord Genuity set a $53.00 price objective on shares of VF Corp and gave the company a “hold” rating in a research note on Saturday, April 1st. Cowen and Company upped their price objective on shares of VF Corp from $52.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, April 4th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $49.00 price objective (down previously from $52.00) on shares of VF Corp in a research note on Monday, May 1st. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.44.

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