Jones Financial Companies Lllp Lowers stake in VF Corp (VFC)

VF Corp (VFC) : Jones Financial Companies Lllp reduced its stake in VF Corp by 0.08% during the most recent quarter end. The investment management company now holds a total of 107,155 shares of VF Corp which is valued at $6,842,918 after selling 85 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.VF Corp makes up approximately 0.03% of Jones Financial Companies Lllp’s portfolio.

Other Hedge Funds, Including , Apriem Advisors sold out all of its stake in VFC during the most recent quarter. The investment firm sold 147 shares of VFC which is valued $9,387. Cable Hill Partners sold out all of its stake in VFC during the most recent quarter. The investment firm sold 102 shares of VFC which is valued $6,340.Nippon Life Insurance Co boosted its stake in VFC in the latest quarter, The investment management firm added 4,849 additional shares and now holds a total of 16,445 shares of VF Corp which is valued at $997,554. VF Corp makes up approx 0.02% of Nippon Life Insurance Co’s portfolio.

VF Corp closed down -0.49 points or -0.79% at $61.56 with 31,50,298 shares getting traded on Thursday. Post opening the session at $61.34, the shares hit an intraday low of $60.86 and an intraday high of $61.58 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by Buckingham Research to ” Neutral” on Sep 2, 2016. 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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