Sabal Trust CO decreased its stake in VF Corp (NYSE:VFC) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,219 shares of the textile maker’s stock after selling 136 shares during the period. Sabal Trust CO’s holdings in VF Corp were worth $451,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Cornerstone Investment Partners LLC boosted its position in shares of VF Corp by 9.3% in the first quarter. Cornerstone Investment Partners LLC now owns 1,208,982 shares of the textile maker’s stock worth $66,458,000 after buying an additional 102,421 shares during the last quarter. AMG National Trust Bank boosted its position in shares of VF Corp by 6.8% in the third quarter. AMG National Trust Bank now owns 1,191,839 shares of the textile maker’s stock worth $66,803,000 after buying an additional 76,091 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of VF Corp by 0.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 702,193 shares of the textile maker’s stock worth $39,358,000 after buying an additional 2,424 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of VF Corp by 10.4% in the first quarter. DAVENPORT & Co LLC now owns 668,903 shares of the textile maker’s stock worth $36,035,000 after buying an additional 63,181 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of VF Corp by 108.8% in the first quarter. Bank of Montreal Can now owns 624,797 shares of the textile maker’s stock worth $34,345,000 after buying an additional 325,528 shares during the last quarter.
Shares of VF Corp (NYSE:VFC) traded up 1.82% during mid-day trading on Thursday, reaching $56.53. The company’s stock had a trading volume of 2,381,881 shares. The company’s 50-day moving average is $54.01 and its 200 day moving average is $53.83. The firm has a market cap of $23.41 billion, a price-to-earnings ratio of 22.19 and a beta of 0.81. VF Corp has a 12 month low of $48.05 and a 12 month high of $66.31.
VF Corp (NYSE:VFC) last announced its quarterly earnings data on Friday, February 17th. The textile maker reported $0.97 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.97. The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.47 billion. VF Corp had a net margin of 9.23% and a return on equity of 26.26%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. On average, equities analysts anticipate that VF Corp will post $3.05 EPS for the current year.
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VFC has been the subject of a number of research reports. Vetr cut VF Corp from a “strong-buy” rating to a “buy” rating and set a $56.75 price target for the company. in a research note on Thursday, February 2nd. TheStreet cut VF Corp from a “b-” rating to a “c+” rating in a research note on Wednesday, January 11th. Morgan Stanley upgraded VF Corp from an “underweight” rating to an “equal weight” rating and set a $50.00 price target for the company in a research note on Wednesday, February 22nd. They noted that the move was a valuation call. Piper Jaffray Companies set a $52.00 price target on VF Corp and gave the company a “hold” rating in a research note on Sunday, February 12th. Finally, Evercore ISI cut VF Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $56.35.
VF Corp 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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