TNB Financial Decreases Stake in VF Corporation (VFC)

Xavier Trudeau
Août 12, 2017

Based on the latest filings with the SEC, investors are looking at V.F. Corporation (NYSE:VFC)'s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. Catawba Capital Management VA now owns 4,648 shares of the textile maker's stock valued at $256,000 after buying an additional 165 shares in the last quarter. This is an increase of approximately 425% compared to the typical daily volume of 2,447 put options.

Guggenheim initiated the shares of VFC in report on Friday, September 30 with "Buy" rating. Orrstown Financial Services Inc. now owns 1,780 shares of the textile maker's stock valued at $103,000 after buying an additional 150 shares in the last quarter.

V.F. Corporation (NYSE:VFC) last released its quarterly earnings results on Monday, July 24th. Cardinal Capital Management Inc. increased its position in V.F. Corporation by 59.9% in the first quarter. Zions Bancorporation now owns 2,575 shares of the textile maker's stock valued at $140,000 after buying an additional 38 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in V.F. Corporation during the first quarter valued at approximately $141,000. Catawba Capital Management VA boosted its position in shares of V.F. Corporation by 3.7% in the first quarter. The company's 5 year Earnings per share growth and Capital Spending growth remains at 6.85 and -2.45.

Institutional investors have recently modified their holdings of the company.

The consensus analysts recommendation at this point stands at 2.60 on V.F. Corporation (NYSE:VFC). Susquehanna Bancshares Inc reaffirmed a "neutral" rating and set a $49.00 price objective (down from $52.00) on shares of V.F. Corporation in a report on Monday, May 1st. They now have a $70.00 price target on the stock, up previously from $53.00. TheStreet raised V.F. Corporation from a "c+" rating to a "b-" rating in a research report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of "Hold" and an average price target of $58.50.

Shares of V.F. Corporation (NYSE:VFC) opened at 61.24 on Friday. The firm has a market capitalization of $24.24 billion, a price-to-earnings ratio of 23.49 and a beta of 0.78. The company has a 50-day moving average price of $58.78 and a 200-day moving average price of $54.85. The stock touched 52-week High of $65.20 on 08/23/16 and 52-week Low of $48.05 on 02/08/17. The textile maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.36 billion during the quarter, compared to analysts' expectations of $2.31 billion. V.F. Corporation's dividend payout ratio (DPR) is presently 64.86%. Next quarter's EPS is estimated at $1.06 and the next full year EPS is anticipated to be $3.29. During the same period past year, the firm earned $0.35 EPS. Orrstown Financial Services Inc. increased its stake in V.F. Corporation by 9.2% in the second quarter.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 8th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was set for Wednesday the 7th of June 2017. V.F. Corporation's dividend payout ratio (DPR) is now 64.86%.

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V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products.

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