Stevens Capital Management LP boosted its stake in shares of VF Corp (NYSE:VFC) by 202.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,490 shares of the textile maker’s stock after purchasing an additional 26,430 shares during the period. Stevens Capital Management LP’s holdings in VF were worth $3,432,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in VFC. Doyle Wealth Management purchased a new stake in VF during the fourth quarter worth $26,000. Destination Wealth Management raised its position in VF by 365.2% during the fourth quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock worth $31,000 after acquiring an additional 336 shares during the period. Reilly Financial Advisors LLC raised its position in VF by 99.1% during the fourth quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock worth $31,000 after acquiring an additional 219 shares during the period. Sonora Investment Management LLC raised its position in VF by 69.5% during the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock worth $32,000 after acquiring an additional 182 shares during the period. Finally, Paragon Capital Management LLC acquired a new position in VF during the first quarter worth $41,000.
In related news, insider Laura C. Meagher sold 8,894 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $85.39, for a total transaction of $759,458.66. Following the completion of the sale, the insider now directly owns 24,015 shares in the company, valued at $2,050,640.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Scott H. Baxter sold 51,911 shares of the firm’s 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 sale, the vice president now owns 201,972 shares of the company’s stock, valued at $17,016,141. The disclosure for this sale can be found here. Insiders sold 191,789 shares of company stock valued at $16,396,195 over the last quarter. Company insiders own 1.72% of the company’s stock.
A number of equities analysts have weighed in on VFC shares. Credit Suisse Group restated a “positive” rating on shares of VF in a research report on Wednesday, January 16th. ValuEngine upgraded shares of VF from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Deutsche Bank cut shares of VF from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $104.00 to $76.00 in a research report on Friday, January 11th. Pivotal Research reiterated a “hold” rating and issued a $78.00 target price (down from $85.00) on shares of VF in a research report on Wednesday, January 16th. Finally, Cowen increased their target price on shares of VF from $95.00 to $100.00 and gave the company 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 given a buy rating to the company’s stock. VF has a consensus rating of “Buy” and a consensus target price of $93.14.
Shares of NYSE VFC opened at $92.91 on Friday. The stock has a market capitalization of $37.20 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.95 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.
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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