Whittier Trust Co. Acquires 295 Shares of VF Corp (NYSE:VFC)

Whittier Trust Co. lifted its holdings in VF Corp (NYSE:VFC) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,379 shares of the textile maker’s stock after acquiring an additional 295 shares during the period. Whittier Trust Co.’s holdings in VF were worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of VFC. Price T Rowe Associates Inc. MD boosted its stake in shares of VF by 153.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,804,466 shares of the textile maker’s stock worth $507,020,000 after buying an additional 3,516,600 shares during the last quarter. Winslow Capital Management LLC bought a new position in shares of VF during the second quarter valued at approximately $217,993,000. Nuveen Asset Management LLC increased its stake in shares of VF by 825.2% during the second quarter. Nuveen Asset Management LLC now owns 1,368,778 shares of the textile maker’s stock valued at $119,562,000 after purchasing an additional 1,220,833 shares in the last quarter. Bank of America Corp DE increased its stake in shares of VF by 16.5% during the second quarter. Bank of America Corp DE now owns 7,375,848 shares of the textile maker’s stock valued at $644,279,000 after purchasing an additional 1,045,204 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of VF by 24.5% during the second quarter. JPMorgan Chase & Co. now owns 3,535,402 shares of the textile maker’s stock valued at $306,517,000 after purchasing an additional 696,731 shares in the last quarter.

In related news, CFO Scott A. Roe sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $88.39, for a total value of $883,900.00. Following the sale, the chief financial officer now owns 98,198 shares in the company, valued at $8,679,721.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Guerrini Martino Scabbia sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $90.21, for a total transaction of $1,533,570.00. Following the completion of the sale, the vice president now owns 140,616 shares in the company, valued at approximately $12,684,969.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,707 shares of company stock worth $6,306,230. Corporate insiders own 0.74% of the company’s stock.

Shares of NYSE:VFC traded up $0.32 during trading on Monday, reaching $92.79. 633,718 shares of the stock traded hands, compared to its average volume of 1,559,256. The stock has a 50-day moving average of $87.74 and a two-hundred day moving average of $87.50. VF Corp has a 52-week low of $67.18 and a 52-week high of $96.20. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.19 and a current ratio of 2.05. The stock has a market cap of $36.45 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.19.

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 Zacks’ consensus estimate of $0.28 by $0.02. VF had a net margin of 8.62% and a return on equity of 34.52%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Sell-side analysts expect that VF Corp will post 3.37 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. Cowen raised their target price on shares of VF from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday, June 27th. Credit Suisse Group raised their target price on shares of VF from $104.00 to $116.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group raised their target price on shares of VF from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Susquehanna Bancshares raised their target price on shares of VF from $105.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, TheStreet downgraded shares of VF from a “b+” rating to a “c” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. VF currently has a consensus rating of “Buy” and an average target price of $96.73.

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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