M&G Investment Management Ltd. Purchases 2,016,470 Shares of V.F. Co. (NYSE:VFC)

M&G Investment Management Ltd. boosted its position in shares of V.F. Co. (NYSE:VFC - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,413,169 shares of the textile maker's stock after buying an additional 2,016,470 shares during the quarter. V.F. makes up 1.4% of M&G Investment Management Ltd.'s holdings, making the stock its 10th biggest position. M&G Investment Management Ltd. owned about 3.19% of V.F. worth $235,850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in V.F. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 41,239,841 shares of the textile maker's stock worth $728,708,000 after acquiring an additional 475,239 shares in the last quarter. Northern Trust Corp increased its stake in shares of V.F. by 1.1% during the third quarter. Northern Trust Corp now owns 23,758,761 shares of the textile maker's stock worth $419,817,000 after purchasing an additional 257,992 shares in the last quarter. Guinness Asset Management LTD increased its stake in shares of V.F. by 2.8% during the third quarter. Guinness Asset Management LTD now owns 7,670,947 shares of the textile maker's stock worth $135,306,000 after purchasing an additional 207,783 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of V.F. by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,265,581 shares of the textile maker's stock worth $61,393,000 after purchasing an additional 166,769 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in V.F. by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,241,702 shares of the textile maker's stock valued at $60,951,000 after buying an additional 590,434 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on VFC. UBS Group reduced their target price on shares of V.F. from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, February 5th. BNP Paribas reiterated a "neutral" rating and set a $14.00 price target (down previously from $18.00) on shares of V.F. in a report on Friday, April 12th. Citigroup cut their price objective on shares of V.F. from $16.00 to $13.00 and set a "neutral" rating for the company in a research report on Wednesday. Stifel Nicolaus reiterated a "buy" rating and issued a $22.00 target price on shares of V.F. in a report on Tuesday, April 9th. Finally, Wedbush cut their price target on shares of V.F. from $16.50 to $15.50 and set a "neutral" rating for the company in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.56.

V.F. Trading Down 0.5 %

NYSE VFC traded down $0.06 during trading hours on Wednesday, hitting $12.80. 6,810,310 shares of the company's stock were exchanged, compared to its average volume of 8,722,628. V.F. Co. has a 12-month low of $11.91 and a 12-month high of $21.45. The business's 50 day moving average is $13.73 and its 200-day moving average is $15.78. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.70 and a current ratio of 1.23. The firm has a market capitalization of $4.97 billion, a P/E ratio of -6.54, a price-to-earnings-growth ratio of 1.40 and a beta of 1.49.

V.F. Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.