Heritage Way Advisors LLC grew its holdings in VF Corp (NYSE:VFC) by 106.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 63,450 shares of the textile maker’s stock after acquiring an additional 32,700 shares during the quarter. VF comprises 1.8% of Heritage Way Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Heritage Way Advisors LLC’s holdings in VF were worth $4,695,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in VFC. Thrivent Financial For Lutherans increased its holdings in shares of VF by 5.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 112,648 shares of the textile maker’s stock valued at $6,489,000 after acquiring an additional 5,655 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in VF during the 2nd quarter worth approximately $3,404,000. Harfst & Associates Inc. grew its stake in VF by 8.1% during the 2nd quarter. Harfst & Associates Inc. now owns 6,042 shares of the textile maker’s stock worth $348,000 after buying an additional 452 shares during the last quarter. Cibc World Markets Corp grew its stake in VF by 30.9% during the 2nd quarter. Cibc World Markets Corp now owns 45,263 shares of the textile maker’s stock worth $2,607,000 after buying an additional 10,687 shares during the last quarter. Finally, Kopp Investment Advisors LLC grew its stake in VF by 0.4% during the 2nd quarter. Kopp Investment Advisors LLC now owns 11,558 shares of the textile maker’s stock worth $666,000 after buying an additional 49 shares during the last quarter.
Shares of VF Corp (VFC) traded up $1.46 during mid-day trading on Thursday, hitting $78.14. The company’s stock had a trading volume of 1,547,700 shares, compared to its average volume of 2,247,618. VF Corp has a one year low of $48.05 and a one year high of $78.70. The stock has a market cap of $30,960.00, a P/E ratio of 32.42, a P/E/G ratio of 2.16 and a beta of 0.80. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54.
VF (NYSE:VFC) last announced its earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.11. VF had a return on equity of 29.22% and a net margin of 8.24%. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the business posted $1.20 EPS. The company’s revenue was up 5.4% on a year-over-year basis. research analysts expect that VF Corp will post 3.03 EPS for the current year.
A number of research firms recently issued reports on VFC. Cowen set a $67.00 price target on VF and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Guggenheim restated a “buy” rating and set a $84.00 price target on shares of VF in a research note on Wednesday, January 10th. Piper Jaffray Companies raised their price target on VF to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 24th. Robert W. Baird restated a “buy” rating on shares of VF in a research note on Tuesday, October 17th. Finally, Susquehanna Bancshares restated a “buy” rating and set a $75.00 price target on shares of VF in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. VF presently has an average rating of “Hold” and an average price target of $68.43.
In other news, VP Aidan O’meara sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $69.97, for a total value of $349,850.00. Following the completion of the sale, the vice president now directly owns 96,344 shares of the company’s stock, valued at approximately $6,741,189.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clarence Otis, Jr. sold 12,552 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $69.37, for a total value of $870,732.24. Following the completion of the sale, the director now directly owns 26,053 shares of the company’s stock, valued at $1,807,296.61. The disclosure for this sale can be found here. Insiders sold a total of 254,660 shares of company stock worth $18,035,832 over the last quarter. Company insiders own 1.60% of the company’s stock.
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V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.
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