F3Logic LLC reduced its position in shares of VF Corp (NYSE:VFC) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,746 shares of the textile maker’s stock after selling 3,029 shares during the quarter. F3Logic LLC’s holdings in VF were worth $2,060,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of VFC. Doyle Wealth Management bought a new stake in VF during the 4th quarter worth approximately $26,000. Destination Wealth Management increased its holdings in VF by 365.2% during the 4th quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock worth $31,000 after purchasing an additional 336 shares in the last quarter. Reilly Financial Advisors LLC increased its holdings in VF by 99.1% during the 4th quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock worth $31,000 after purchasing an additional 219 shares in the last quarter. Sonora Investment Management LLC increased its holdings in VF by 69.5% during the 4th quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock worth $32,000 after purchasing an additional 182 shares in the last quarter. Finally, Paragon Capital Management LLC bought a new stake in VF during the 1st quarter worth approximately $41,000.
VFC has been the subject of a number of recent research reports. Credit Suisse Group reissued a “positive” rating on shares of VF in a report on Wednesday, January 16th. Pivotal Research reissued a “hold” rating and set a $78.00 price objective (down from $85.00) on shares of VF in a report on Wednesday, January 16th. Guggenheim reissued a “buy” rating and set a $90.00 price objective on shares of VF in a report on Friday, January 18th. ValuEngine raised VF from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Finally, Piper Jaffray Companies set a $93.00 price objective on VF and gave the stock a “buy” rating in a report on Friday, January 18th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. VF has an average rating of “Buy” and a consensus price target of $93.29.
Shares of VFC stock traded down $0.08 during trading on Wednesday, hitting $90.27. The company’s stock had a trading volume of 11,692 shares, compared to its average volume of 1,969,004. The firm has a market cap of $35.65 billion, a PE ratio of 30.21, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. VF Corp has a 52 week low of $67.18 and a 52 week high of $97.00.
In other news, VP Scott H. Baxter sold 51,911 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 201,972 shares of the company’s stock, valued at $17,016,141. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Scott H. Baxter sold 64,996 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $86.07, for a total value of $5,594,205.72. Following the completion of the transaction, the vice president now directly owns 215,057 shares of the company’s stock, valued at $18,509,955.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,895 shares of company stock valued at $15,636,737. 1.72% of the stock is currently owned by corporate insiders.
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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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