D.a. Davidson buys $13,225,406 stake in VF Corp (VFC)

VF Corp (VFC) : D.a. Davidson scooped up 22,043 additional shares in VF Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 207,100 shares of VF Corp which is valued at $13,225,406.VF Corp makes up approximately 0.37% of D.a. Davidson’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in VFC in the latest quarter, The investment management firm added 21,681 additional shares and now holds a total of 961,074 shares of VF Corp which is valued at $61,374,186. VF Corp makes up approx 0.07% of Schwab Charles Investment Management Inc’s portfolio.Winch Advisory Services boosted its stake in VFC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 166 shares of VF Corp which is valued at $10,601. VF Corp makes up approx 0.01% of Winch Advisory Services’s portfolio.Parnassus Investments Ca boosted its stake in VFC in the latest quarter, The investment management firm added 83,375 additional shares and now holds a total of 6,469,801 shares of VF Corp which is valued at $403,844,978. VF Corp makes up approx 2.37% of Parnassus Investments Ca’s portfolio.Stephens Inc Ar reduced its stake in VFC by selling 2,237 shares or 4.9% in the most recent quarter. The Hedge Fund company now holds 43,407 shares of VFC which is valued at $2,698,179. VF Corp makes up approx 0.12% of Stephens Inc Ar’s portfolio. Hedeker Wealth added VFC to its portfolio by purchasing 20,860 company shares during the most recent quarter which is valued at $1,302,290. VF Corp makes up approx 1.10% of Hedeker Wealth’s portfolio.

VF Corp closed down -0.49 points or -0.79% at $61.56 with 31,50,298 shares getting traded on Thursday. Post opening the session at $61.34, the shares hit an intraday low of $60.86 and an intraday high of $61.58 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, VF Corp reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.34. The company had revenue of $2445.30 million for the quarter, compared to analysts expectations of $2526.79 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by Buckingham Research to ” Neutral” on Sep 2, 2016. VF Corp was Downgraded by Brean Capital to ” Hold” on Jul 15, 2016.

V.F. Corporation (VF) is engaged in the design manufacturing marketing and distribution of branded lifestyle apparel footwear and accessories. The Company operates through five coalitions: Outdoor & Action Sports Jeanswear Imagewear Sportswear and Contemporary Brands. The Company owns a portfolio of brands in the outerwear footwear denim backpack luggage accessory sportswear occupational and performance apparel categories. The Company’s brands primarily include The North Face Vans Timberland Wrangler Lee and Nautica. The Company’s products are marketed to consumers shopping in specialty stores upscale and traditional department stores national chains mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores concession retail stores and e-commerce sites. The Company’s brands sell products in international markets through licensees distributors and independently-operated partnership stores.

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