Raymond James & Associates decreased its holdings in VF Corp (NYSE:VFC) by 2.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 545,033 shares of the textile maker’s stock after selling 13,110 shares during the period. Raymond James & Associates’ holdings in VF were worth $47,370,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Doyle Wealth Management bought a new position in shares of VF in the 4th quarter valued at $26,000. Reilly Financial Advisors LLC increased its stake in shares of VF by 99.1% in the 4th quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 219 shares during the last quarter. Destination Wealth Management increased its stake in shares of VF by 365.2% in the 4th quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 336 shares during the last quarter. Sonora Investment Management LLC increased its stake in shares of VF by 69.5% in the 4th quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 182 shares during the last quarter. Finally, Bruderman Asset Management LLC bought a new position in shares of VF in the 4th quarter valued at $37,000.
A number of equities research analysts recently weighed in on the company. Goldman Sachs Group assumed coverage on VF in a research report on Friday. They set a “buy” rating and a $97.00 price objective on the stock. UBS Group boosted their price objective on VF from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wedbush boosted their price objective on VF from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Citigroup restated 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. Finally, Cowen boosted their price objective on VF from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 19th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $93.33.
In other VF news, 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 transaction of $4,373,501.75. Following the transaction, the vice president now directly owns 201,972 shares of the company’s stock, valued at approximately $17,016,141. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.72% of the stock is currently owned by insiders.
Shares of VFC opened at $91.30 on Friday. The stock has a market cap of $35.88 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.88 and a beta of 1.15. VF Corp has a 12 month low of $67.18 and a 12 month high of $97.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.80.
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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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