V.F. Corporation (NYSE:VFC).
Pennsylvania Trust Co raised its ownership in V.F. Corporation stock by 27,097 shares in a 13F filing with the SEC. Its position was valued at $8,906,000 an increase of 27.0% according to the filing.
Here are a few other firms who have updated their positions. As of the end of the quarter Gateway Investment Advisers LLC had sold a total of 170 shares trimming its holdings by 0.2%. The value of the investment in VFC increased from $5,963,000 to $6,238,000 a change of 4.6% quarter to quarter. As of quarter end Clinton Group Inc had disposed of 81,239 shares trimming its stake by 85.1%. The value of the total investment in V.F. Corporation went from $5,093,000 to $781,000 a change of $4,312,000 for the reporting period.
As of quarter end Trust Department Mb Financial Bank N A had sold a total of 213 shares trimming its position 83.2%. The value in dollars decreased from $14,000 to $2,000 decreasing 85.7% quarter over quarter.
On October 25 the stock rating was downgraded to “Buy” from “Buy” with a current price target of $59.00 in an announcement from Deutsche Bank. On October 25 UBS held the company rating at “Buy” and lowered the price expectation to $59.00 from $77.00.
Deutsche Bank lowered the price target and downgraded the stock on October 25 changing the price objective from $67.00 to $59.00 and altering the rating from “Buy” to “Buy”. On October 24 the company was downgraded from “Overweight” to “Neutral” in a statement from JP Morgan.
On October 24 the company was downgraded to “Neutral” from “Buy” and a price target of $57.00 was set by analysts at Citigroup. Equity analyst Citigroup downgraded the stock and lowered the price target on October 24 cutting the price target from $84.00 to $57.00 and setting the rating at “Neutral” which had previously been “Buy”.
The company is now up from yesterday’s close of $55.72. The company also declared a dividend for shareholders which was paid on Monday June 19th, 2017. The dividend was $0.420 per share for the quarter which comes to $1.68 on an annualized basis. The dividend yield was $2.96. The ex-dividend date was set for Wednesday the 7th of June 2017.
It is currently trading at $55.83 a tad above the 50 day moving average which is $54.59 and which is marginally over the 200 day moving average of $53.64. The 50 day moving average moved up $1.19 and the 200 day average went up $2.14 or +3.99%.
The company currently has a P/E ratio of 22.74 and market cap is 22.34B. In the last earnings report the EPS was $2.45 and is expected to be $2.93 for the current year with 400,456,000 shares outstanding. Next quarter’s EPS is expected be $1.16 with next year’s EPS projected to be $3.19.