VF Corporation (NYSE:VFC) Position Lessened by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI trimmed its position in shares of VF Corporation (NYSE:VFC) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,420 shares of the textile maker’s stock after selling 950 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in VF were worth $2,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of VFC. TB Alternative Assets Ltd. purchased a new stake in shares of VF during the fourth quarter worth $1,878,000. Segall Bryant & Hamill LLC raised its holdings in shares of VF by 1.8% during the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after acquiring an additional 65,919 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in VF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares in the last quarter. Finally, CKW Financial Group raised its holdings in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

VF Stock Down 7.0 %

VFC stock opened at $19.13 on Friday. VF Corporation has a twelve month low of $11.00 and a twelve month high of $29.02. The company has a market cap of $7.45 billion, a PE ratio of -16.07, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. The business’s 50-day simple moving average is $24.02 and its 200 day simple moving average is $21.20. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last released its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter in the prior year, the business earned $0.57 EPS. On average, research analysts anticipate that VF Corporation will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Monday, March 10th. VF’s payout ratio is -30.25%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VFC shares. Needham & Company LLC restated a “buy” rating and set a $28.00 target price on shares of VF in a report on Friday. BMO Capital Markets raised their target price on VF from $14.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Truist Financial restated a “hold” rating and set a $24.00 target price (up from $20.00) on shares of VF in a report on Thursday, January 30th. Jefferies Financial Group raised their target price on VF from $21.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Finally, Argus upgraded VF from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.90.

VF Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.