Atwood & Palmer Inc. Increases Stock Holdings in VF Corp (NYSE:VFC)

Atwood & Palmer Inc. raised its stake in VF Corp (NYSE:VFC) by 175.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,095 shares of the textile maker’s stock after purchasing an additional 697 shares during the quarter. Atwood & Palmer Inc.’s holdings in VF were worth $97,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nicholas Investment Partners LP purchased a new position in shares of VF in the 2nd quarter valued at approximately $3,838,000. Harfst & Associates Inc. grew its stake in shares of VF by 6.3% in the 2nd quarter. Harfst & Associates Inc. now owns 8,725 shares of the textile maker’s stock valued at $762,000 after purchasing an additional 519 shares during the last quarter. Northern Trust Corp grew its stake in shares of VF by 3.0% in the 2nd quarter. Northern Trust Corp now owns 5,442,874 shares of the textile maker’s stock valued at $475,435,000 after purchasing an additional 158,809 shares during the last quarter. Ossiam grew its stake in shares of VF by 7.4% in the 2nd quarter. Ossiam now owns 7,162 shares of the textile maker’s stock valued at $626,000 after purchasing an additional 496 shares during the last quarter. Finally, Teza Capital Management LLC purchased a new position in shares of VF in the 2nd quarter valued at approximately $843,000.

Several brokerages have weighed in on VFC. Pivotal Research lifted their target price on VF to $95.00 in a research note on Monday, July 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $106.00 target price (up from $104.00) on shares of VF in a research note on Thursday, July 25th. TheStreet downgraded VF from a “b+” rating to a “c” rating in a research note on Wednesday, July 24th. ValuEngine cut VF from a “buy” rating to a “hold” rating in a report on Monday. Finally, Susquehanna Bancshares raised their price target on VF from $105.00 to $119.00 and gave the company a “buy” rating in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $96.73.

In related news, CFO Scott A. Roe sold 10,000 shares of VF stock in a transaction on Monday, July 29th. The stock was sold at an average price of $88.39, for a total transaction of $883,900.00. Following the completion of the transaction, the chief financial officer now directly owns 98,198 shares of the company’s stock, valued at $8,679,721.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard Carucci acquired 2,000 shares of VF stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $78.93 per share, with a total value of $157,860.00. Following the completion of the acquisition, the director now owns 64,731 shares of the company’s stock, valued at approximately $5,109,217.83. The disclosure for this purchase can be found here. Insiders sold a total of 73,707 shares of company stock valued at $6,306,230 over the last three months. Insiders own 0.74% of the company’s stock.

VFC opened at $93.42 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 1.19. The business has a 50 day simple moving average of $88.35 and a 200-day simple moving average of $87.58. The stock has a market capitalization of $36.45 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.57 and a beta of 1.19. VF Corp has a 12 month low of $67.18 and a 12 month high of $96.20.

VF (NYSE:VFC) last posted its quarterly earnings results on Wednesday, July 24th. The textile maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.24 billion. VF had a return on equity of 34.52% and a net margin of 8.62%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Research analysts anticipate that VF Corp will post 3.37 EPS for the current year.

VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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