VF Corp (VFC) Holdings Reduced by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its holdings in shares of VF Corp (NYSE:VFC) by 20.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,404 shares of the textile maker’s stock after selling 21,357 shares during the period. Gateway Investment Advisers LLC’s holdings in VF were worth $6,098,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in VF by 44.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,000 shares of the textile maker’s stock valued at $111,000 after purchasing an additional 3,372 shares during the last quarter. WASHINGTON TRUST Co bought a new position in VF during the 3rd quarter valued at approximately $210,000. Dorsey & Whitney Trust CO LLC bought a new position in VF during the 3rd quarter valued at approximately $215,000. RNC Capital Management LLC raised its position in VF by 1.5% during the 2nd quarter. RNC Capital Management LLC now owns 4,135 shares of the textile maker’s stock valued at $238,000 after purchasing an additional 60 shares during the last quarter. Finally, Keel Point LLC raised its position in VF by 3.4% during the 2nd quarter. Keel Point LLC now owns 4,531 shares of the textile maker’s stock valued at $261,000 after purchasing an additional 148 shares during the last quarter.

VF Corp (VFC) opened at $79.79 on Friday. VF Corp has a twelve month low of $48.05 and a twelve month high of $79.85. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $30,991.54, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.79.

VF (NYSE:VFC) last posted its earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. The firm had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.40 billion. VF had a return on equity of 29.22% and a net margin of 8.24%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 EPS. sell-side analysts expect that VF Corp will post 3.03 earnings per share for the current fiscal year.

A number of research firms have commented on VFC. DA Davidson upped their price target on VF to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Guggenheim reaffirmed a “buy” rating and set a $84.00 price target on shares of VF in a research report on Wednesday, January 10th. Robert W. Baird reaffirmed a “buy” rating on shares of VF in a research report on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of VF in a research report on Tuesday, October 31st. Finally, Cowen set a $67.00 price target on VF and gave the company a “hold” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $68.43.

In related news, VP Aidan O’meara sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $69.97, for a total value of $349,850.00. Following the sale, the vice president now owns 96,344 shares in the company, valued at approximately $6,741,189.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven E. Rendle sold 65,604 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $70.57, for a total value of $4,629,674.28. Following the completion of the sale, the chief executive officer now owns 162,235 shares in the company, valued at approximately $11,448,923.95. The disclosure for this sale can be found here. Insiders sold a total of 254,660 shares of company stock worth $18,035,832 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

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About VF

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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