Central Bank Trust Co Lowers stake in VF Corp (VFC)

VF Corp (VFC) : Central Bank Trust Co reduced its stake in VF Corp by 1.03% during the most recent quarter end. The investment management company now holds a total of 2,020 shares of VF Corp which is valued at $110,211 after selling 21 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.VF Corp makes up approximately 0.03% of Central Bank 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 915 additional shares and now holds a total of 9,023 shares of VF Corp which is valued at $492,295. VF Corp makes up approx 0.12% of Catawba Capital Management Va’s portfolio.Chevy Chase Trust Holdings reduced its stake in VFC by selling 10,982 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 321,665 shares of VFC which is valued at $17,598,292. VF Corp makes up approx 0.10% of Chevy Chase Trust Holdings’s portfolio.Boltwood Capital Management boosted its stake in VFC in the latest quarter, The investment management firm added 1,050 additional shares and now holds a total of 13,675 shares of VF Corp which is valued at $748,159. VF Corp makes up approx 0.60% of Boltwood Capital Management’s portfolio.Cardinal Capital Management boosted its stake in VFC in the latest quarter, The investment management firm added 13,810 additional shares and now holds a total of 131,110 shares of VF Corp which is valued at $7,173,028. VF Corp makes up approx 0.81% of Cardinal Capital Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in VFC by selling 24,736 shares or 31.64% in the most recent quarter. The Hedge Fund company now holds 53,451 shares of VFC which is valued at $2,924,304. VF Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

VF Corp closed down -0.12 points or -0.22% at $54.56 with 27,07,339 shares getting traded on Friday. Post opening the session at $54.83, the shares hit an intraday low of $54.165 and an intraday high of $55.07 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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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