First National Bank Sioux Falls adds VF Corp (VFC) to its portfolio

VF Corp (VFC) : First National Bank Sioux Falls added new position in VF Corp during the most recent quarter end. The investment management firm now holds 175 shares of VF Corp which is valued at $10,801 , the company said in a statement filed on Jul 25, 2016 with the SEC.VF Corp makes up approximately 0.03% of First National Bank Sioux Falls’s portfolio.

Other Hedge Funds, Including , Jfs Wealth Advisors sold out all of its stake in VFC during the most recent quarter. The investment firm sold 11 shares of VFC which is valued $679.Shinko Asset Management Ltd. boosted its stake in VFC in the latest quarter, The investment management firm added 4,003 additional shares and now holds a total of 4,958 shares of VF Corp which is valued at $309,230.Fox Run Management L.l.c. boosted its stake in VFC in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 3,900 shares of VF Corp which is valued at $250,458. VF Corp makes up approx 0.12% of Fox Run Management L.l.c.’s portfolio. Simplex Trading sold out all of its stake in VFC during the most recent quarter. The investment firm sold 7,366 shares of VFC which is valued $473,045.

VF Corp opened for trading at $61.5 and hit $62.53 on the upside on Friday, eventually ending the session at $62.43, with a gain of 1.30% or 0.8 points. The heightened volatility saw the trading volume jump to 27,81,717 shares. Company has a market cap of $26,034 M.

On the company’s financial health, VF Corp reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.34. The company had revenue of $2445.30 million for the quarter, compared to analysts expectations of $2526.79 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Investors should note that on Jul 22, 2016, VF Corp announced a cash dividend of $0.3700. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 19, 2016.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by Brean Capital to ” Hold” on Jul 15, 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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