First Mercantile Trust Co Lowers stake in VF Corp (VFC)

VF Corp (VFC) : First Mercantile Trust Co reduced its stake in VF Corp by 22.72% during the most recent quarter end. The investment management company now holds a total of 9,950 shares of VF Corp which is valued at $542,872 after selling 2,925 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.VF Corp makes up approximately 0.07% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in VFC by selling 21 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 2,020 shares of VFC which is valued at $110,211. VF Corp makes up approx 0.03% of Central Bank Trust Co’s portfolio.Cardinal Capital Management boosted its stake in VFC in the latest quarter, The investment management firm added 13,810 additional shares and now holds a total of 131,110 shares of VF Corp which is valued at $7,173,028. VF Corp makes up approx 0.81% of Cardinal Capital Management’s portfolio. West Oak Capital sold out all of its stake in VFC during the most recent quarter. The investment firm sold 6,896 shares of VFC which is valued $377,280.Eqis Capital Management boosted its stake in VFC in the latest quarter, The investment management firm added 274 additional shares and now holds a total of 13,317 shares of VF Corp which is valued at $728,573. VF Corp makes up approx 0.05% of Eqis Capital Management’s portfolio.Cullinan Associates Inc reduced its stake in VFC by selling 6,113 shares or 4.02% in the most recent quarter. The Hedge Fund company now holds 146,055 shares of VFC which is valued at $7,990,669. VF Corp makes up approx 0.69% of Cullinan Associates Inc’s portfolio.

VF Corp closed down -0.12 points or -0.22% at $54.56 with 27,07,339 shares getting traded on Friday. Post opening the session at $54.83, the shares hit an intraday low of $54.165 and an intraday high of $55.07 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Initiated by Guggenheim to “Buy” on Sep 30, 2016. VF Corp was Initiated by Susquehanna to “Neutral” on Sep 16, 2016. BofA/Merrill Downgraded VF Corp on Sep 15, 2016 to ” Underperform”, Price Target of the shares are set at $54.

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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