VF Corp (VFC) : Baltimore-washington Financial Advisors reduced its stake in VF Corp by 1.32% during the most recent quarter end. The investment management company now holds a total of 64,705 shares of VF Corp which is valued at $3,505,717 after selling 864 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.VF Corp makes up approximately 1.02% of Baltimore-washington Financial Advisors’s portfolio.
Other Hedge Funds, Including , Prospera Financial Services Inc boosted its stake in VFC in the latest quarter, The investment management firm added 135 additional shares and now holds a total of 9,339 shares of VF Corp which is valued at $505,987. VF Corp makes up approx 0.10% of Prospera Financial Services Inc’s portfolio.Raymond James Trust N.a. reduced its stake in VFC by selling 3,476 shares or 7.09% in the most recent quarter. The Hedge Fund company now holds 45,580 shares of VFC which is valued at $2,508,723. VF Corp makes up approx 0.22% of Raymond James Trust N.a.’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in VFC by selling 1,638 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 84,718 shares of VFC which is valued at $4,622,214. VF Corp makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.Indiana Trust Investment Management Co reduced its stake in VFC by selling 1,740 shares or 20.28% in the most recent quarter. The Hedge Fund company now holds 6,841 shares of VFC which is valued at $374,271. VF Corp makes up approx 0.20% of Indiana Trust Investment Management Co’s portfolio.
VF Corp closed down -0.86 points or -1.56% at $54.18 with 20,76,836 shares getting traded on Tuesday. Post opening the session at $55.13, the shares hit an intraday low of $54.12 and an intraday high of $55.14 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Initiated by Guggenheim to “Buy” on Sep 30, 2016. VF Corp was Initiated by Susquehanna to “Neutral” on Sep 16, 2016. BofA/Merrill Downgraded VF Corp on Sep 15, 2016 to ” Underperform”, Price Target of the shares are set at $54.
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.