Fiduciary Trust Co. lowered its position in shares of VF Corp (NYSE:VFC) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,036 shares of the textile maker’s stock after selling 455 shares during the quarter. Fiduciary Trust Co.’s holdings in VF were worth $3,305,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of VFC. Oregon Public Employees Retirement Fund boosted its position in shares of VF by 5,538.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,592,716 shares of the textile maker’s stock worth $106,000 after purchasing an additional 7,458,056 shares in the last quarter. Bank of America Corp DE boosted its position in shares of VF by 182.3% during the 4th quarter. Bank of America Corp DE now owns 5,308,262 shares of the textile maker’s stock worth $378,691,000 after purchasing an additional 3,427,860 shares in the last quarter. Norges Bank bought a new position in shares of VF during the 4th quarter worth about $236,808,000. FMR LLC boosted its position in shares of VF by 12.5% during the 4th quarter. FMR LLC now owns 6,169,339 shares of the textile maker’s stock worth $440,121,000 after purchasing an additional 687,095 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of VF by 121.4% during the 4th quarter. American Century Companies Inc. now owns 1,161,622 shares of the textile maker’s stock worth $82,870,000 after purchasing an additional 637,022 shares in the last quarter.
VFC opened at $90.80 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. VF Corp has a fifty-two week low of $67.18 and a fifty-two week high of $97.00. The stock has a market capitalization of $35.92 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 1.88 and a beta of 1.15.
In related news, VP Scott H. Baxter sold 51,911 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $84.25, for a total value of $4,373,501.75. Following the sale, the vice president now owns 201,972 shares in the company, valued at approximately $17,016,141. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.72% of the company’s stock.
VFC has been the topic of a number of research analyst reports. Cowen increased their price objective on shares of VF from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Wedbush increased their price objective on shares of VF from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Telsey Advisory Group reissued an “outperform” rating and set a $96.00 price objective (up previously from $88.00) on shares of VF in a research report on Tuesday, January 22nd. UBS Group increased their price objective on shares of VF from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Finally, Citigroup reissued a “neutral” rating and set a $85.00 price objective (down previously from $90.00) on shares of VF in a research report on Monday, March 18th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $93.33.
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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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