Haverford Trust Co. raised its stake in V.F. Corporation (NYSE:VFC) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,129 shares of the company’s stock after buying an additional 61 shares during the period. Haverford Trust Co.’s holdings in V.F. Corporation were worth $274,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Hedeker Wealth LLC acquired a new position in shares of V.F. Corporation during the second quarter valued at approximately $1,282,000. Bbva Compass Bancshares Inc. boosted its stake in V.F. Corporation by 46.1% in the second quarter. Bbva Compass Bancshares Inc. now owns 47,823 shares of the company’s stock worth $2,941,000 after buying an additional 15,084 shares in the last quarter. BB&T Corp boosted its stake in V.F. Corporation by 246.3% in the second quarter. BB&T Corp now owns 327,890 shares of the company’s stock worth $20,162,000 after buying an additional 233,202 shares in the last quarter. Fulton Breakefield Broenniman LLC boosted its stake in V.F. Corporation by 2.3% in the second quarter. Fulton Breakefield Broenniman LLC now owns 101,254 shares of the company’s stock worth $6,226,000 after buying an additional 2,280 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in V.F. Corporation by 8.7% in the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 17,100 shares of the company’s stock worth $1,051,000 after buying an additional 1,365 shares in the last quarter.
V.F. Corporation (NYSE:VFC) traded up 1.72% on Friday, hitting $50.32. The company had a trading volume of 4,266,517 shares. The company has a market capitalization of $20.82 billion, a P/E ratio of 19.10 and a beta of 0.81. V.F. Corporation has a one year low of $48.05 and a one year high of $67.10. The stock’s 50-day moving average price is $51.82 and its 200 day moving average price is $56.27.
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VFC has been the topic of a number of research reports. Telsey Advisory Group lowered their price objective on V.F. Corporation from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 25th. B. Riley reiterated a “neutral” rating and issued a $56.00 price target on shares of V.F. Corporation in a research report on Monday, October 24th. Piper Jaffray Companies reiterated a “hold” rating and issued a $56.00 price target on shares of V.F. Corporation in a research report on Tuesday, January 17th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $47.00 price target on shares of V.F. Corporation in a research report on Thursday. Finally, Deutsche Bank AG cut V.F. Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $63.00 to $57.00 in a research report on Tuesday, October 25th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. V.F. Corporation currently has a consensus rating of “Hold” and an average price target of $62.15.
In other V.F. Corporation news, Director Robert J/Ny Hurst sold 23,200 shares of V.F. Corporation stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $55.96, for a total transaction of $1,298,272.00. Following the transaction, the director now directly owns 222,170 shares of the company’s stock, valued at approximately $12,432,633.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bedout Juan Ernesto De sold 6,000 shares of V.F. Corporation stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $56.21, for a total value of $337,260.00. Following the transaction, the director now directly owns 29,970 shares in the company, valued at $1,684,613.70. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
About V.F. Corporation
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.
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