3,050 Shares in VF Corp (VFC) Acquired by First Mercantile Trust Co.

First Mercantile Trust Co. purchased a new position in VF Corp (NYSE:VFC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,050 shares of the textile maker’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Asset Management Co. MA lifted its position in VF by 379.0% during the fourth quarter. Congress Asset Management Co. MA now owns 763,659 shares of the textile maker’s stock valued at $56,511,000 after acquiring an additional 604,228 shares during the last quarter. Boston Advisors LLC lifted its position in VF by 730.7% during the fourth quarter. Boston Advisors LLC now owns 474,814 shares of the textile maker’s stock valued at $35,136,000 after acquiring an additional 417,655 shares during the last quarter. Victory Capital Management Inc. lifted its position in VF by 6.4% during the fourth quarter. Victory Capital Management Inc. now owns 3,913,402 shares of the textile maker’s stock valued at $289,592,000 after acquiring an additional 236,963 shares during the last quarter. Acadian Asset Management LLC lifted its position in VF by 104.0% during the fourth quarter. Acadian Asset Management LLC now owns 373,906 shares of the textile maker’s stock valued at $27,669,000 after acquiring an additional 190,630 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in VF during the second quarter valued at approximately $9,602,000.

VF Corp (VFC) opened at $82.11 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47. VF Corp has a 52 week low of $49.93 and a 52 week high of $82.95. The stock has a market cap of $32,450.00, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91.

In other VF news, VP Scott H. Baxter sold 39,694 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $71.50, for a total transaction of $2,838,121.00. Following the transaction, the vice president now owns 112,202 shares in the company, valued at approximately $8,022,443. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott H. Baxter sold 89,822 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $71.14, for a total transaction of $6,389,937.08. Following the transaction, the vice president now owns 127,844 shares in the company, valued at approximately $9,094,822.16. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

A number of equities research analysts recently commented on VFC shares. Cowen set a $69.00 target price on shares of VF and gave the company a “hold” rating in a research report on Monday, October 23rd. UBS Group reissued a “buy” rating and set a $77.00 target price (up previously from $66.00) on shares of VF in a research report on Tuesday, October 24th. DA Davidson increased their target price on shares of VF to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Canaccord Genuity set a $81.00 target price on shares of VF and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Robert W. Baird reissued an “average” rating and set a $84.00 target price on shares of VF in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $72.38.

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VF Profile

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.

Institutional Ownership by Quarter for VF (NYSE:VFC)

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