Dearborn Partners buys $19,122,404 stake in VF Corp (VFC)

VF Corp (VFC) : Dearborn Partners scooped up 14,219 additional shares in VF Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 297,764 shares of VF Corp which is valued at $19,122,404.VF Corp makes up approximately 1.62% of Dearborn Partners’s portfolio.

Other Hedge Funds, Including , Carroll Financial Associates reduced its stake in VFC by selling 37 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 1,061 shares of VFC which is valued at $68,137. VF Corp makes up approx 0.01% of Carroll Financial Associates’s portfolio.Parasol Investment Management boosted its stake in VFC in the latest quarter, The investment management firm added 142 additional shares and now holds a total of 192 shares of VF Corp which is valued at $12,290. VF Corp makes up approx 0.01% of Parasol Investment Management’s portfolio.Svenska Handelsbanken Ab (publ) boosted its stake in VFC in the latest quarter, The investment management firm added 9,219 additional shares and now holds a total of 29,619 shares of VF Corp which is valued at $1,916,942. VF Corp makes up approx 0.11% of Svenska Handelsbanken Ab (publ)’s portfolio.West Oak Capital reduced its stake in VFC by selling 200 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 6,896 shares of VFC which is valued at $441,689. VF Corp makes up approx 0.31% of West Oak Capital’s portfolio.

VF Corp opened for trading at $64 and hit $64.47 on the upside on Wednesday, eventually ending the session at $64.22, with a gain of 0.66% or 0.42 points. The heightened volatility saw the trading volume jump to 19,28,355 shares. Company has a market cap of $26,781 M.

On the company’s financial health, VF Corp reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.58. The company had revenue of $2839.30 million for the quarter, compared to analysts expectations of $2831.27 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by Brean Capital to ” Hold” on Jul 15, 2016. VF Corp was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 25, 2016.

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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