VFC Stock: The VF Corp is AMG National Trust Bank’s 4th Largest Position

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A number of other hedge funds and other institutional investors have also recently bought and sold shares of VFC. Garde Capital Inc. purchased a new position in VF Corp during the third quarter valued at approximately $860,000. Russell Investments Group Ltd. purchased a new position in VF Corp during the fourth quarter valued at approximately $4,719,000. Piedmont Investment Advisors LLC purchased a new position in VF Corp during the third quarter valued at approximately $3,924,000. Mosaic Family Wealth LLC boosted its position in VF Corp by 16.9% in the third quarter. Mosaic Family Wealth LLC now owns 7,600 shares of the textile maker’s stock valued at $426,000 after buying an additional 1,100 shares during the period. Finally, KCM Investment Advisors LLC boosted its position in VF Corp by 3.7% in the third quarter. KCM Investment Advisors LLC now owns 8,373 shares of the textile maker’s stock valued at $469,000 after buying an additional 300 shares during the period.

AMG National Trust Bank boosted its stake in VF Corp (NYSE:VFC) by 7.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,354,318 shares of the textile maker’s stock after buying an additional 97,426 shares during the period. VF Corp makes up 5.7% of AMG National Trust Bank’s portfolio, making the stock its 4th largest position. AMG National Trust Bank owned 0.33% of VF Corp worth $74,447,000 at the end of the most recent reporting period.

Shares of VF Corp (NYSE:VFC) traded down 2.129% during midday trading on Tuesday, hitting $52.645. 1,561,989 shares of the company traded hands. The stock has a market capitalization of $21.69 billion, a P/E ratio of 21.461 and a beta of 0.81. The stock’s 50-day moving average is $54.93 and its 200 day moving average is $53.89. VF Corp has a 12-month low of $48.05 and a 12-month high of $65.28.

VF Corp (NYSE:VFC) last announced its quarterly earnings results 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 net margin of 9.23% and a return on equity of 26.26%. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. On average, analysts expect that VF Corp will post $2.92 earnings per share for the current year. The business also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Shareholders 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 yield of 3.12%. The ex-dividend date of this dividend is Wednesday, June 7th. VF Corp’s payout ratio is currently 63.64%.

VF Corp (NYSE:VFC) last announced its quarterly earnings results 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 net margin of 9.23% and a return on equity of 26.26%. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. On average, analysts expect that VF Corp will post $2.92 earnings per share for the current year. Several research analysts have recently issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $53.00 price objective on shares of VF Corp in a report on Tuesday, April 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $56.00 price objective on shares of VF Corp in a report on Sunday, April 23rd. Vetr cut shares of VF Corp from a “sell” rating to a “strong sell” rating and set a $49.00 price objective for the company. in a report on Tuesday, April 18th. Canaccord Genuity set a $53.00 price objective on shares of VF Corp and gave the company a “hold” rating in a report on Saturday, April 1st. Finally, Cowen and Company increased their price objective on shares of VF Corp from $52.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, April 4th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have issued a buy rating to the stock. VF Corp presently has an average rating of “Hold” and a consensus price target of $56.44.

VF Corp Company Profile 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.

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