Pennsylvania Trust Co Lowers stake in VF Corp (VFC)

VF Corp (VFC) : Pennsylvania Trust Co reduced its stake in VF Corp by 1.06% during the most recent quarter end. The investment management company now holds a total of 163,551 shares of VF Corp which is valued at $10,503,245 after selling 1,747 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.VF Corp makes up approximately 0.83% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Catawba Capital Management Va boosted its stake in VFC in the latest quarter, The investment management firm added 3,150 additional shares and now holds a total of 8,108 shares of VF Corp which is valued at $520,696. VF Corp makes up approx 0.12% of Catawba Capital Management Va’s portfolio. Cribstone Capital Management added VFC to its portfolio by purchasing 36 company shares during the most recent quarter which is valued at $2,312.V Wealth Managementllc boosted its stake in VFC in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 5,067 shares of VF Corp which is valued at $325,403. VF Corp makes up approx 0.26% of V Wealth Managementllc’s portfolio.Creative Planning reduced its stake in VFC by selling 1,121 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 33,961 shares of VFC which is valued at $2,197,956. VF Corp makes up approx 0.02% of Creative Planning’s portfolio. Franklin Street Advisors Inc Nc sold out all of its stake in VFC during the most recent quarter. The investment firm sold 21,170 shares of VFC which is valued $1,370,122.

VF Corp opened for trading at $64 and hit $64.47 on the upside on Wednesday, eventually ending the session at $64.22, with a gain of 0.66% or 0.42 points. The heightened volatility saw the trading volume jump to 19,28,355 shares. Company has a market cap of $26,781 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 Brean Capital to ” Hold” on Jul 15, 2016. 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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