Fulcrum Capital LLC purchased a new stake in shares of VF Corp (NYSE:VFC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 73,516 shares of the textile maker’s stock, valued at approximately $5,440,000. VF comprises approximately 1.8% of Fulcrum Capital LLC’s holdings, making the stock its 21st biggest position.
Several other institutional investors have also recently made changes to their positions in VFC. Peapack Gladstone Financial Corp increased its position in shares of VF by 1.2% during the second quarter. Peapack Gladstone Financial Corp now owns 227,446 shares of the textile maker’s stock valued at $13,101,000 after purchasing an additional 2,608 shares during the period. Keel Point LLC increased its holdings in VF by 3.4% in the second quarter. Keel Point LLC now owns 4,531 shares of the textile maker’s stock valued at $261,000 after purchasing an additional 148 shares during the last quarter. Archford Capital Strategies LLC increased its holdings in VF by 17,186.1% in the second quarter. Archford Capital Strategies LLC now owns 6,223 shares of the textile maker’s stock valued at $601,000 after purchasing an additional 6,187 shares during the last quarter. RNC Capital Management LLC increased its holdings in VF by 1.5% in the second quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock valued at $238,000 after purchasing an additional 60 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in VF in the second quarter valued at about $9,602,000.
VF Corp (NYSE:VFC) traded up $1.18 during trading hours on Wednesday, reaching $83.29. The company had a trading volume of 1,125,610 shares, compared to its average volume of 2,610,427. The firm has a market cap of $31,888.53, a PE ratio of 35.18, a P/E/G 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 1-year low of $50.07 and a 1-year high of $83.44.
In other VF news, VP Scott H. Baxter sold 39,694 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Scott H. Baxter sold 89,822 shares of VF stock in a transaction on Friday, November 17th. The shares were sold at an average price of $71.14, for a total value of $6,389,937.08. Following the completion of 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. 1.60% of the stock is owned by company insiders.
A number of equities research analysts recently commented on the company. Susquehanna Bancshares reiterated a “buy” rating and issued a $95.00 price objective on shares of VF in a report on Monday, January 29th. Pivotal Research set a $95.00 price target on VF and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity restated a “buy” rating and issued a $90.00 price target (up from $81.00) on shares of VF in a report on Monday, January 29th. Barclays started coverage on VF in a report on Friday, February 2nd. They issued an “overweight” rating and a $96.00 price target for the company. Finally, Piper Jaffray Companies upgraded VF from a “neutral” rating to an “overweight” rating and set a $56.00 price objective for the company in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $73.05.
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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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