Focused Wealth Management Inc Sells 1,200 Shares of VF Corp (VFC)

Focused Wealth Management Inc reduced its stake in VF Corp (NYSE:VFC) by 55.8% during the 1st quarter, Holdings Channel reports. The firm owned 950 shares of the textile maker’s stock after selling 1,200 shares during the period. Focused Wealth Management Inc’s holdings in VF were worth $83,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. First Citizens Bank & Trust Co. raised its stake in shares of VF by 0.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 22,621 shares of the textile maker’s stock valued at $1,966,000 after purchasing an additional 116 shares during the period. NEXT Financial Group Inc raised its stake in shares of VF by 6.6% in the 4th quarter. NEXT Financial Group Inc now owns 1,929 shares of the textile maker’s stock valued at $138,000 after purchasing an additional 120 shares during the period. South State Corp raised its stake in shares of VF by 0.9% in the 4th quarter. South State Corp now owns 15,957 shares of the textile maker’s stock valued at $1,139,000 after purchasing an additional 140 shares during the period. Legacy Financial Strategies LLC raised its stake in shares of VF by 2.1% in the 4th quarter. Legacy Financial Strategies LLC now owns 7,007 shares of the textile maker’s stock valued at $500,000 after purchasing an additional 143 shares during the period. Finally, Covenant Multifamily Offices LLC raised its stake in shares of VF by 2.6% in the 1st quarter. Covenant Multifamily Offices LLC now owns 5,805 shares of the textile maker’s stock valued at $505,000 after purchasing an additional 145 shares during the period.

In related news, Chairman Steven E. Rendle sold 65,988 shares of VF stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $85.91, for a total transaction of $5,669,029.08. Following the completion of the transaction, the chairman now owns 236,514 shares in the company, valued at $20,318,917.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott H. Baxter sold 51,911 shares of VF stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $84.25, for a total value of $4,373,501.75. Following the transaction, the vice president now owns 201,972 shares of the company’s stock, valued at approximately $17,016,141. The disclosure for this sale can be found here. Insiders sold a total of 182,895 shares of company stock valued at $15,636,737 in the last 90 days. 1.72% of the stock is owned by corporate insiders.



Shares of NYSE VFC opened at $90.12 on Tuesday. The stock has a market capitalization of $37.20 billion, a PE ratio of 30.24, a P/E/G ratio of 1.95 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.07. VF Corp has a fifty-two week low of $67.18 and a fifty-two week high of $97.00.

Several analysts have issued reports on the company. UBS Group lifted their price target on VF from $84.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday. Wedbush lifted their price target on VF from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Cowen lifted their price target on VF from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Citigroup reissued a “neutral” rating and issued a $85.00 price target (down previously from $90.00) on shares of VF in a research note on Monday, March 18th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $96.00 price target (up previously from $88.00) on shares of VF in a research note on Tuesday, January 22nd. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $93.29.

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About VF

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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