Umb Bank N Amo buys $39,690,212 stake in VF Corp (VFC)

VF Corp (VFC) : Umb Bank N Amo scooped up 1,395 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 619,482 shares of VF Corp which is valued at $39,690,212.VF Corp makes up approximately 1.67% of Umb Bank N Amo’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 , Cornerstone Advisors boosted its stake in VFC in the latest quarter, The investment management firm added 97 additional shares and now holds a total of 190 shares of VF Corp which is valued at $12,173. VF Corp makes up approx 0.01% of Cornerstone Advisors’s portfolio.Eastern Bank reduced its stake in VFC by selling 240 shares or 3.95% in the most recent quarter. The Hedge Fund company now holds 5,833 shares of VFC which is valued at $373,837. VF Corp makes up approx 0.03% of Eastern Bank’s portfolio.Livforsakringsbolaget Skandia Omsesidigt reduced its stake in VFC by selling 200 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 31,168 shares of VFC which is valued at $1,997,557. VF Corp makes up approx 0.09% of Livforsakringsbolaget Skandia Omsesidigt’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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