Naples Global Advisors buys $2,007,619 stake in VF Corp (VFC)

VF Corp (VFC) : Naples Global Advisors scooped up 420 additional shares in VF Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 31,325 shares of VF Corp which is valued at $2,007,619.VF Corp makes up approximately 0.83% of Naples Global Advisors’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 , Tufton Capital Management reduced its stake in VFC by selling 50 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 34,122 shares of VFC which is valued at $2,186,879. VF Corp makes up approx 0.54% of Tufton Capital Management’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.Proficio Capital Partners boosted its stake in VFC in the latest quarter, The investment management firm added 457 additional shares and now holds a total of 544 shares of VF Corp which is valued at $33,690. VF Corp makes up approx 0.03% of Proficio Capital Partners’s portfolio.Stock Yards Bank Trust Co boosted its stake in VFC in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 13,459 shares of VF Corp which is valued at $833,516. VF Corp makes up approx 0.12% of Stock Yards Bank Trust 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. 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.

Leave a Reply

VF Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on VF Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.