Nichols Asset Management adds VF Corp (VFC) to its portfolio

VF Corp (VFC) : Nichols Asset Management added new position in VF Corp during the most recent quarter end. The investment management firm now holds 3,200 shares of VF Corp which is valued at $205,024 , the company said in a statement filed on Apr 21, 2016 with the SEC.VF Corp makes up approximately 0.04% of Nichols Asset Management’s portfolio.

VF Corp closed down -0.12 points or -0.19% at $63.95 with 23,45,689 shares getting traded on Wednesday. Post opening the session at $64.14, the shares hit an intraday low of $63.56 and an intraday high of $64.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Profit Investment Management reduced its stake in VFC by selling 31,038 shares or 33.81% in the most recent quarter. The Hedge Fund company now holds 60,773 shares of VFC which is valued at $3,893,726. VF Corp makes up approx 1.63% of Profit Investment Management’s portfolio.Gemmer Asset Management boosted its stake in VFC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 221 shares of VF Corp which is valued at $14,164. VF Corp makes up approx 0.01% of Gemmer Asset Management’s portfolio.Benjamin F. Edwards Company boosted its stake in VFC in the latest quarter, The investment management firm added 1,547 additional shares and now holds a total of 14,819 shares of VF Corp which is valued at $949,750. VF Corp makes up approx 0.19% of Benjamin F. Edwards Company’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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