Wilbanks Smith & Thomas Asset Management LLC acquired a new position in VF Corp (NYSE:VFC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,060 shares of the textile maker’s stock, valued at approximately $226,000.
A number of other hedge funds have also recently modified their holdings of VFC. Lord Abbett & CO. LLC bought a new stake in VF in the 2nd quarter worth about $9,602,000. Rockefeller Financial Services Inc. bought a new stake in VF in the 3rd quarter worth about $686,000. Whittier Trust Co. grew its position in VF by 2.8% in the 3rd quarter. Whittier Trust Co. now owns 64,863 shares of the textile maker’s stock worth $4,123,000 after purchasing an additional 1,794 shares in the last quarter. Trust Co. of Vermont grew its position in VF by 8.0% in the 3rd quarter. Trust Co. of Vermont now owns 10,030 shares of the textile maker’s stock worth $637,000 after purchasing an additional 746 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its position in VF by 14.9% in the 3rd quarter. Leavell Investment Management Inc. now owns 11,756 shares of the textile maker’s stock worth $747,000 after purchasing an additional 1,525 shares in the last quarter.
A number of equities research analysts have issued reports on VFC shares. Guggenheim reaffirmed a “buy” rating and issued a $84.00 price objective on shares of VF in a research report on Wednesday, January 10th. Canaccord Genuity set a $81.00 price objective on shares of VF and gave the stock a “buy” rating in a research report on Thursday, October 19th. Robert W. Baird reaffirmed an “average” rating and issued a $84.00 price objective on shares of VF in a research report on Wednesday, January 3rd. Stifel Nicolaus set a $78.00 price objective on shares of VF and gave the stock a “hold” rating in a research report on Saturday, December 16th. Finally, Morgan Stanley upped their price objective on shares of VF from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $73.05.
VF Corp (NYSE:VFC) opened at $81.90 on Wednesday. The firm has a market cap of $31,888.53, a P/E ratio of 34.65, a PEG ratio of 2.25 and a beta of 0.90. 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 $50.07 and a 52-week high of $82.95.
In related news, 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 sale, the vice president now directly owns 127,844 shares in the company, valued at approximately $9,094,822.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the vice president now owns 112,202 shares in the company, valued at $8,022,443. The disclosure for this sale can be found here. Corporate 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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