Ironbridge Capital Management Lp Lowers stake in VF Corp (VFC)

VF Corp (VFC) : Ironbridge Capital Management Lp reduced its stake in VF Corp by 0.88% during the most recent quarter end. The investment management company now holds a total of 486,079 shares of VF Corp which is valued at $31,041,005 after selling 4,340 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.VF Corp makes up approximately 1.31% of Ironbridge Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Marco Investment Management boosted its stake in VFC in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 14,162 shares of VF Corp which is valued at $904,385. VF Corp makes up approx 0.13% of Marco Investment Management’s portfolio.Victory Capital Management Inc boosted its stake in VFC in the latest quarter, The investment management firm added 301 additional shares and now holds a total of 13,984 shares of VF Corp which is valued at $893,997.Qci Asset Management Incny reduced its stake in VFC by selling 735 shares or 30.82% in the most recent quarter. The Hedge Fund company now holds 1,650 shares of VFC which is valued at $102,564. VF Corp makes up approx 0.01% of Qci Asset Management Incny’s portfolio. Harfst Associates added VFC to its portfolio by purchasing 27,279 company shares during the most recent quarter which is valued at $1,695,663. VF Corp makes up approx 0.65% of Harfst Associates’s portfolio. First National Bank Sioux Falls added VFC to its portfolio by purchasing 175 company shares during the most recent quarter which is valued at $10,801. VF Corp makes up approx 0.03% of First National Bank Sioux Falls’s portfolio.

VF Corp opened for trading at $63.96 and hit $64.97 on the upside on Friday, eventually ending the session at $64.84, with a gain of 1.01% or 0.65 points. The heightened volatility saw the trading volume jump to 19,69,611 shares. Company has a market cap of $26,892 M.

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.

Investors should note that on Jul 22, 2016, VF Corp announced a cash dividend of $0.3700. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 19, 2016.

Many Wall Street Analysts have commented on VF Corp. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *