Lederer & Associates Investment Counsel CA cut its stake in shares of VF Corp (NYSE:VFC) by 16.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 21,400 shares of the textile maker’s stock after selling 4,360 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in VF were worth $1,584,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in VFC. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of VF by 44.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock valued at $111,000 after acquiring an additional 3,372 shares in the last quarter. WASHINGTON TRUST Co bought a new position in VF during the 3rd quarter worth $210,000. Dorsey & Whitney Trust CO LLC bought a new position in VF during the 3rd quarter worth $215,000. RNC Capital Management LLC grew its stake in VF by 1.5% during the 2nd quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock worth $238,000 after buying an additional 60 shares during the last quarter. Finally, Keel Point LLC grew its stake in VF by 3.4% during the 2nd quarter. Keel Point LLC now owns 4,531 shares of the textile maker’s stock worth $261,000 after buying an additional 148 shares during the last quarter.
Shares of VF Corp (NYSE:VFC) opened at $79.89 on Friday. The stock has a market capitalization of $31,856.92, a PE ratio of 26.52, a P/E/G ratio of 2.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.47 and a quick ratio of 0.97. VF Corp has a one year low of $48.05 and a one year high of $82.95.
A number of research analysts recently commented on the company. Barclays began coverage on VF in a research note on Friday. They set an “overweight” rating and a $96.00 price objective for the company. Susquehanna Bancshares reissued a “buy” rating and issued a $95.00 price target on shares of VF in a research note on Monday, January 29th. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price target (up previously from $81.00) on shares of VF in a research note on Monday, January 29th. Guggenheim reissued a “buy” rating and issued a $84.00 price target on shares of VF in a research note on Wednesday, January 10th. Finally, Robert W. Baird restated an “average” rating and issued a $84.00 price objective on shares of VF in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $71.95.
In other VF news, VP Aidan O’meara sold 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $69.97, for a total value of $349,850.00. Following the transaction, the vice president now directly owns 96,344 shares of the company’s stock, valued at approximately $6,741,189.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Clarence Otis, Jr. sold 12,552 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $69.37, for a total value of $870,732.24. Following the completion of the transaction, the director now directly owns 26,053 shares in the company, valued at $1,807,296.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 156,068 shares of company stock valued at $11,079,900. 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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