Mitchell Mcleod Pugh Williams Inc buys $1,932,543 stake in VF Corp (VFC)

VF Corp (VFC) : Mitchell Mcleod Pugh Williams Inc scooped up 169 additional shares in VF Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 30,163 shares of VF Corp which is valued at $1,932,543.VF Corp makes up approximately 1.52% of Mitchell Mcleod Pugh Williams Inc’s portfolio.

VF Corp opened for trading at $64.26 and hit $64.7 on the upside on Friday, eventually ending the session at $64.07, with a gain of 0.17% or 0.11 points. The heightened volatility saw the trading volume jump to 15,51,114 shares. Company has a market cap of $27,196 M.

Other Hedge Funds, Including , 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. Oliver Luxxe Assets sold out all of its stake in VFC during the most recent quarter. The investment firm sold 15,507 shares of VFC which is valued $993,533. Sentinel Trust Co Lba added VFC to its portfolio by purchasing 3,727 company shares during the most recent quarter which is valued at $238,863. VF Corp makes up approx 0.04% of Sentinel Trust Co Lba’s portfolio.Bath Savings Trust Co boosted its stake in VFC in the latest quarter, The investment management firm added 5,510 additional shares and now holds a total of 44,595 shares of VF Corp which is valued at $2,858,094. VF Corp makes up approx 0.91% of Bath Savings Trust Co’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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