Schaper Benz Wise Investment Counsel Incwi buys $1,008,141 stake in VF Corp (VFC)

VF Corp (VFC) : Schaper Benz Wise Investment Counsel Incwi scooped up 150 additional shares in VF Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 15,735 shares of VF Corp which is valued at $1,008,141.VF Corp makes up approximately 0.19% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.

VF Corp closed down -0.12 points or -0.19% at $63.95 with 23,45,689 shares getting traded on Wednesday. Post opening the session at $64.14, the shares hit an intraday low of $63.56 and an intraday high of $64.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Nichols Asset Management added VFC to its portfolio by purchasing 3,200 company shares during the most recent quarter which is valued at $205,024. VF Corp makes up approx 0.04% of Nichols Asset Management’s portfolio.Advocacy Wealth Management Services boosted its stake in VFC in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 728 shares of VF Corp which is valued at $46,643. VF Corp makes up approx 0.02% of Advocacy Wealth Management Services’s portfolio.Regent Investment Management reduced its stake in VFC by selling 290 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 39,966 shares of VFC which is valued at $2,560,622. VF Corp makes up approx 1.40% of Regent Investment Management’s portfolio.Capital One National Association reduced its stake in VFC by selling 2,905 shares or 42.05% in the most recent quarter. The Hedge Fund company now holds 4,004 shares of VFC which is valued at $256,536. VF Corp makes up approx 0.02% of Capital One National Association’s portfolio.Indiana Trust Investment Management Co boosted its stake in VFC in the latest quarter, The investment management firm added 2,675 additional shares and now holds a total of 8,581 shares of VF Corp which is valued at $531,421. VF Corp makes up approx 0.29% of Indiana Trust Investment Management Co’s portfolio.

On the company’s financial health, VF Corp reported $0.95 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Feb 19, 2016. Analyst had a consensus of $1.01. The company had revenue of $3413.00 million for the quarter, compared to analysts expectations of $3637.55 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 25, 2016. Shares were Reiterated by Telsey Advisory Group on Feb 22, 2016 to “Outperform” and Lowered the Price Target to $ 70 from a previous price target of $75 .Shares were Reiterated by Canaccord Genuity on Feb 22, 2016 to “Buy” and Lowered the Price Target to $ 82 from a previous price target of $83 .

V.F. Corporation (VF) is engaged in the design manufacturing marketing and distribution of branded lifestyle apparel footwear and accessories. The Company operates through five coalitions: Outdoor & Action Sports Jeanswear Imagewear Sportswear and Contemporary Brands. The Company owns a portfolio of brands in the outerwear footwear denim backpack luggage accessory sportswear occupational and performance apparel categories. The Company’s brands primarily include The North Face Vans Timberland Wrangler Lee and Nautica. The Company’s products are marketed to consumers shopping in specialty stores upscale and traditional department stores national chains mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores concession retail stores and e-commerce sites. The Company’s brands sell products in international markets through licensees distributors and independently-operated partnership stores.

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