Girard Partners Ltd. buys $4.2 Million stake in VF Corp (VFC)

VF Corp (VFC) : Girard Partners Ltd. scooped up 9,275 additional shares in VF Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 69,889 shares of VF Corp which is valued at $4.2 Million.VF Corp makes up approximately 1.86% of Girard Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Zebra Capital Management boosted its stake in VFC in the latest quarter, The investment management firm added 4,083 additional shares and now holds a total of 17,883 shares of VF Corp which is valued at $1.1 Million. VF Corp makes up approx 0.44% of Zebra Capital Management’s portfolio.Azimuth Capital Management boosted its stake in VFC in the latest quarter, The investment management firm added 360 additional shares and now holds a total of 24,900 shares of VF Corp which is valued at $1.5 Million. VF Corp makes up approx 0.14% of Azimuth Capital Management’s portfolio.Qci Asset Management Incny boosted its stake in VFC in the latest quarter, The investment management firm added 635 additional shares and now holds a total of 2,385 shares of VF Corp which is valued at $142,933. VF Corp makes up approx 0.02% of Qci Asset Management Incny’s portfolio.Parnassus Investments Ca boosted its stake in VFC in the latest quarter, The investment management firm added 169,353 additional shares and now holds a total of 6,386,426 shares of VF Corp which is valued at $382.7 Million. VF Corp makes up approx 2.52% of Parnassus Investments Ca’s portfolio.Cincinnati Insurance Co reduced its stake in VFC by selling 25,000 shares or 8.71% in the most recent quarter. The Hedge Fund company now holds 262,000 shares of VFC which is valued at $16.7 Million. VF Corp makes up approx 0.58% of Cincinnati Insurance Co’s portfolio.

VF Corp opened for trading at $60.41 and hit $61.52 on the upside on Friday, eventually ending the session at $61.44, with a gain of 1.92% or 1.16 points. The heightened volatility saw the trading volume jump to 21,91,104 shares. Company has a market cap of $25,622 M.

On the company’s financial health, VF Corp reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.58. The company had revenue of $2839.30 million for the quarter, compared to analysts expectations of $2831.27 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Investors should note that on Apr 29, 2016, VF Corp announced a cash dividend of $0.3700. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 20, 2016.

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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