Ballentine Partners LLC Acquires Shares of 3,239 VF Corp (VFC)

Ballentine Partners LLC purchased a new position in shares of VF Corp (NYSE:VFC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,239 shares of the textile maker’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its holdings in VF by 6.4% in 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 in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in VF by 5.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,744,948 shares of the textile maker’s stock valued at $129,127,000 after acquiring an additional 97,588 shares in the last quarter. AMG National Trust Bank raised its holdings in VF by 0.7% in the third quarter. AMG National Trust Bank now owns 1,347,332 shares of the textile maker’s stock valued at $85,650,000 after acquiring an additional 9,604 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in VF by 8.0% in the third quarter. Parametric Portfolio Associates LLC now owns 1,000,746 shares of the textile maker’s stock valued at $63,617,000 after acquiring an additional 73,716 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in VF by 2.4% in the third quarter. New York State Common Retirement Fund now owns 934,700 shares of the textile maker’s stock valued at $59,419,000 after acquiring an additional 22,300 shares in the last quarter.

VF Corp (VFC) opened at $82.25 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54. The stock 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. VF Corp has a 1 year low of $50.07 and a 1 year high of $82.95.

Several analysts recently weighed in on the stock. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $95.00 target price on shares of VF in a report on Monday, January 29th. Pivotal Research set a $95.00 target price on shares of VF and gave the company a “buy” rating in a report on Wednesday. Cowen set a $67.00 target price on shares of VF and gave the company a “hold” rating in a report on Tuesday, October 17th. Guggenheim reiterated 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 reiterated a “buy” rating on shares of VF in a research note on Tuesday, October 17th. Two equities 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 stock. The stock presently has a consensus rating of “Hold” and an average target price of $73.05.

In other news, VP Scott H. Baxter sold 39,694 shares of the firm’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 directly owns 112,202 shares in the company, valued at $8,022,443. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott H. Baxter sold 89,822 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was 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 $9,094,822.16. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

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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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