Sage Financial Group Inc adds VF Corp (VFC) to its portfolio

VF Corp (VFC) : Sage Financial Group Inc added new position in VF Corp during the most recent quarter end. The investment management firm now holds 16,821 shares of VF Corp which is valued at $1,038,192 , the company said in a statement filed on Jul 25, 2016 with the SEC.VF Corp makes up approximately 0.27% of Sage Financial Group Inc’s portfolio.

Other Hedge Funds, Including , Newsquare Capital added VFC to its portfolio by purchasing 56 company shares during the most recent quarter which is valued at $3,456.Davis R M Inc boosted its stake in VFC in the latest quarter, The investment management firm added 4,659 additional shares and now holds a total of 226,991 shares of VF Corp which is valued at $14,529,694. VF Corp makes up approx 0.70% of Davis R M Inc’s portfolio.Community Bank N.a. boosted its stake in VFC in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 9,380 shares of VF Corp which is valued at $600,414. VF Corp makes up approx 0.14% of Community Bank N.a.’s portfolio.Pacwest Financial Management Inc reduced its stake in VFC by selling 785 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 52,922 shares of VFC which is valued at $3,425,112. VF Corp makes up approx 2.09% of Pacwest Financial Management Inc’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.

VF Corp opened for trading at $61.5 and hit $62.53 on the upside on Friday, eventually ending the session at $62.43, with a gain of 1.30% or 0.8 points. The heightened volatility saw the trading volume jump to 27,81,717 shares. Company has a market cap of $26,034 M.

On the company’s financial health, VF Corp reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.34. The company had revenue of $2445.30 million for the quarter, compared to analysts expectations of $2526.79 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Investors should note that on Jul 22, 2016, VF Corp announced a cash dividend of $0.3700. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 19, 2016.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by Brean Capital to ” Hold” on Jul 15, 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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