Capital City Trust Cofl Lowers stake in VF Corp (VFC)

VF Corp (VFC) : Capital City Trust Cofl reduced its stake in VF Corp by 2.51% during the most recent quarter end. The investment management company now holds a total of 98,009 shares of VF Corp which is valued at $6,281,397 after selling 2,527 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.VF Corp makes up approximately 2.53% of Capital City Trust Cofl’s portfolio.

VF Corp opened for trading at $64.04 and hit $64.61 on the upside on Monday, eventually ending the session at $64.55, with a gain of 0.72% or 0.46 points. The heightened volatility saw the trading volume jump to 10,17,705 shares. Company has a market cap of $27,400 M.

Other Hedge Funds, Including , Campbell Newman Asset Management Inc boosted its stake in VFC in the latest quarter, The investment management firm added 5,498 additional shares and now holds a total of 134,641 shares of VF Corp which is valued at $8,629,142. VF Corp makes up approx 1.77% of Campbell Newman Asset Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in VFC in the latest quarter, The investment management firm added 4,100 additional shares and now holds a total of 54,273 shares of VF Corp which is valued at $3,478,357. VF Corp makes up approx 0.10% of Capstone Asset Management Co’s portfolio.Central Bank Trust Co reduced its stake in VFC by selling 6 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 2,097 shares of VFC which is valued at $134,397. VF Corp makes up approx 0.04% of Central Bank Trust Co’s portfolio.Central Trust Co reduced its stake in VFC by selling 62 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 7,819 shares of VFC which is valued at $501,120. VF Corp makes up approx 0.04% of Central Trust Co’s portfolio.Chevy Chase Trust Holdings reduced its stake in VFC by selling 159,289 shares or 31.59% in the most recent quarter. The Hedge Fund company now holds 345,012 shares of VFC which is valued at $21,366,593. VF Corp makes up approx 0.12% of Chevy Chase Trust Holdings’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. 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 .Shares were Reiterated by Barclays on Feb 22, 2016 to “Overweight” and Lowered the Price Target to $ 72 from a previous price target of $78 .

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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