Plimoth Trust Co. LLC lowered its position in VF Corp (NYSE:VFC) by 10.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,814 shares of the textile maker’s stock after selling 1,430 shares during the period. Plimoth Trust Co. LLC’s holdings in VF were worth $1,027,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Doyle Wealth Management purchased a new stake in VF during the fourth quarter worth about $26,000. Destination Wealth Management increased its holdings in VF by 365.2% during the fourth quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock worth $31,000 after buying an additional 336 shares during the last quarter. Reilly Financial Advisors LLC increased its holdings in VF by 99.1% during the fourth quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock worth $31,000 after buying an additional 219 shares during the last quarter. Sonora Investment Management LLC increased its holdings in VF by 69.5% during the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock worth $32,000 after buying an additional 182 shares during the last quarter. Finally, Paragon Capital Management LLC purchased a new stake in VF during the first quarter worth about $41,000.
A number of research firms recently issued reports on VFC. Wells Fargo & Co decreased their price objective on shares of VF from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Wednesday, January 2nd. Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of VF in a report on Friday, January 18th. Citigroup restated a “neutral” rating and set a $85.00 price objective (down previously from $90.00) on shares of VF in a report on Monday, March 18th. Credit Suisse Group restated a “positive” rating on shares of VF in a report on Wednesday, January 16th. Finally, Piper Jaffray Companies set a $93.00 price objective on shares of VF and gave the stock a “buy” rating in a report on Friday, January 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $92.14.
In other VF news, VP Scott H. Baxter sold 51,911 shares of VF stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $84.25, for a total transaction of $4,373,501.75. Following the completion of the sale, the vice president now directly owns 201,972 shares in the company, valued at $17,016,141. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Curtis A. Holtz sold 24,926 shares of VF stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $85.75, for a total transaction of $2,137,404.50. Following the sale, the vice president now owns 61,433 shares of the company’s stock, valued at $5,267,879.75. The disclosure for this sale can be found here. Insiders sold 229,267 shares of company stock valued at $19,577,926 over the last 90 days. 1.72% of the stock is owned by company insiders.
NYSE:VFC traded up $0.05 on Friday, reaching $95.55. 2,354,378 shares of the company’s stock were exchanged, compared to its average volume of 2,132,109. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $37.80 billion, a PE ratio of 32.06, a P/E/G ratio of 1.90 and a beta of 1.13. VF Corp has a 52 week low of $67.18 and a 52 week high of $97.00.
VF (NYSE:VFC) last issued its earnings results on Friday, January 18th. The textile maker reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.87 billion. VF had a net margin of 10.11% and a return on equity of 38.84%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $1.01 earnings per share. Analysts anticipate that VF Corp will post 3.75 earnings per share for the current fiscal year.
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VF Company Profile
V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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