VF Corp (VFC) : Groesbeck Investment Management Corp Nj reduced its stake in VF Corp by 5.25% during the most recent quarter end. The investment management company now holds a total of 57,232 shares of VF Corp which is valued at $3,654,836 after selling 3,173 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.VF Corp makes up approximately 2.54% of Groesbeck Investment Management Corp Nj’s portfolio.
Other Hedge Funds, Including , Janus Capital Management reduced its stake in VFC by selling 475,640 shares or 29.37% in the most recent quarter. The Hedge Fund company now holds 1,143,807 shares of VFC which is valued at $73,043,515. VF Corp makes up approx 0.06% of Janus Capital Management’s portfolio.Diamond Hill Capital Management Inc reduced its stake in VFC by selling 16,615 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 3,122,197 shares of VFC which is valued at $199,383,500. VF Corp makes up approx 1.19% of Diamond Hill Capital Management Inc’s portfolio.D L Carlson Investment Group Inc reduced its stake in VFC by selling 1,165 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 68,202 shares of VFC which is valued at $4,355,380. VF Corp makes up approx 1.49% of D L Carlson Investment Group Inc’s portfolio.Ridgeworth Capital Management reduced its stake in VFC by selling 3,237 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 175,495 shares of VFC which is valued at $10,908,769. VF Corp makes up approx 0.09% of Ridgeworth Capital Management’s portfolio. Boston Common Asset Management sold out all of its stake in VFC during the most recent quarter. The investment firm sold 27,612 shares of VFC which is valued $1,773,243.
VF Corp opened for trading at $63.91 and hit $64.59 on the upside on Monday, eventually ending the session at $64.04, with a gain of 0.08% or 0.05 points. The heightened volatility saw the trading volume jump to 13,07,526 shares. Company has a market cap of $26,560 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 Companys brands primarily include The North Face Vans Timberland Wrangler Lee and Nautica. The Companys 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 Companys brands sell products in international markets through licensees distributors and independently-operated partnership stores.