Donaldson Capital Management Lowers stake in VF Corp (VFC)

VF Corp (VFC) : Donaldson Capital Management reduced its stake in VF Corp by 3.26% during the most recent quarter end. The investment management company now holds a total of 282,557 shares of VF Corp which is valued at $16,204,644 after selling 9,521 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.VF Corp makes up approximately 2.16% of Donaldson Capital Management’s portfolio.

Other Hedge Funds, Including , Whittier Trust Co boosted its stake in VFC in the latest quarter, The investment management firm added 885 additional shares and now holds a total of 72,310 shares of VF Corp which is valued at $4,073,222. VF Corp makes up approx 0.18% of Whittier Trust Co’s portfolio.Campbell Newman Asset Management Inc reduced its stake in VFC by selling 977 shares or 0.8% in the most recent quarter. The Hedge Fund company now holds 120,862 shares of VFC which is valued at $6,528,965. VF Corp makes up approx 1.19% of Campbell Newman Asset Management Inc’s portfolio.Roffman Miller Associates Inc Pa boosted its stake in VFC in the latest quarter, The investment management firm added 12,935 additional shares and now holds a total of 212,916 shares of VF Corp which is valued at $11,299,452. VF Corp makes up approx 1.85% of Roffman Miller Associates Inc Pa’s portfolio.New Mexico Educational Retirement Board reduced its stake in VFC by selling 5,100 shares or 13.12% in the most recent quarter. The Hedge Fund company now holds 33,776 shares of VFC which is valued at $1,828,633. VF Corp makes up approx 0.09% of New Mexico Educational Retirement Board’s portfolio.

VF Corp closed down -2.32 points or -4.08% at $54.52 with 37,15,944 shares getting traded on Monday. Post opening the session at $56.71, the shares hit an intraday low of $54.44 and an intraday high of $56.84 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, VF Corp reported $1.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 24, 2016. Analyst had a consensus of $1.15. The company had revenue of $3500.00 million for the quarter, compared to analysts expectations of $3626.81 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.07 EPS.

Investors should note that on Oct 24, 2016, VF Corp announced a cash dividend of $0.4200. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Dec 19, 2016.

Many Wall Street Analysts have commented on VF Corp. Shares were Downgraded by Deutsche Bank on Oct 25, 2016 to ” Hold” and Lowered the Price Target to $ 57 from a previous price target of $63 .VF Corp was Downgraded by Citigroup to ” Neutral” on Oct 25, 2016. Shares were Reiterated by Telsey Advisory Group on Oct 25, 2016 to “Outperform” and Lowered the Price Target to $ 68 from a previous price target of $70 .

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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