Pacwest Financial Management Inc Lowers stake in VF Corp (VFC)

VF Corp (VFC) : Pacwest Financial Management Inc reduced its stake in VF Corp by 1.46% during the most recent quarter end. The investment management company now holds a total of 52,922 shares of VF Corp which is valued at $3,425,112 after selling 785 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.VF Corp makes up approximately 2.09% of Pacwest Financial Management Inc’s portfolio.

Other Hedge Funds, Including , Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in VFC by selling 3,007 shares or 2.78% in the most recent quarter. The Hedge Fund company now holds 105,193 shares of VFC which is valued at $6,808,091. VF Corp makes up approx 0.15% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Trust Co boosted its stake in VFC in the latest quarter, The investment management firm added 2,843 additional shares and now holds a total of 57,230 shares of VF Corp which is valued at $3,665,582. VF Corp makes up approx 1.38% of Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in VFC by selling 21,353 shares or 21.45% in the most recent quarter. The Hedge Fund company now holds 78,187 shares of VFC which is valued at $5,007,877. VF Corp makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in VFC by selling 1,456 shares or 12.03% in the most recent quarter. The Hedge Fund company now holds 10,651 shares of VFC which is valued at $647,155. VF Corp makes up approx 0.13% of First Financial Bank N.a. – Trust Division’s portfolio.Cullinan Associates Inc boosted its stake in VFC in the latest quarter, The investment management firm added 1,619 additional shares and now holds a total of 152,168 shares of VF Corp which is valued at $9,480,066. VF Corp makes up approx 0.77% of Cullinan Associates Inc’s portfolio.

VF Corp opened for trading at $64.94 and hit $64.94 on the upside on Wednesday, eventually ending the session at $64.72, with a gain of 0.15% or 0.1 points. The heightened volatility saw the trading volume jump to 12,99,887 shares. Company has a market cap of $26,989 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.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 25, 2016.

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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