Weybosset Research & Management LLC purchased a new stake in shares of VF Corp (NYSE:VFC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,900 shares of the textile maker’s stock, valued at approximately $215,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in VFC. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of VF by 44.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock worth $111,000 after purchasing an additional 3,372 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of VF in the fourth quarter worth about $131,000. Carroll Financial Associates Inc. grew its holdings in shares of VF by 368.3% in the fourth quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after purchasing an additional 1,613 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of VF in the fourth quarter worth about $205,000. Finally, Investment Partners Ltd. OH ADV bought a new position in shares of VF in the fourth quarter worth about $207,000.
In other VF news, VP Scott H. Baxter sold 89,822 shares of the firm’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 completion of the transaction, the vice president now directly owns 127,844 shares of the company’s stock, valued at approximately $9,094,822.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott H. Baxter sold 39,694 shares of the firm’s stock in a transaction that occurred 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 directly owns 112,202 shares of the company’s stock, valued at $8,022,443. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Shares of VF Corp (NYSE VFC) traded up $1.16 during trading on Wednesday, hitting $83.27. 1,063,715 shares of the company traded hands, compared to its average volume of 2,610,186. The stock has a market cap of $31,888.53, a price-to-earnings ratio of 35.18, a P/E/G ratio of 2.25 and a beta of 0.90. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54. VF Corp has a 52-week low of $50.07 and a 52-week high of $83.41.
A number of research analysts have recently commented on the stock. Susquehanna Bancshares restated a “buy” rating and issued a $95.00 price target on shares of VF in a report on Monday, January 29th. Pivotal Research set a $95.00 price target on shares of 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 began coverage on shares of VF in a report on Friday, February 2nd. They set an “overweight” rating and a $96.00 target price on the stock. Finally, Piper Jaffray Companies upgraded shares of VF from a “neutral” rating to an “overweight” rating and set a $56.00 target price on the stock in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. VF presently has a consensus rating of “Hold” and a consensus target price of $73.05.
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VF Company 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.
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