Mitchell Mcleod Pugh Williams Inc Lowers stake in VF Corp (VFC)

VF Corp (VFC) : Mitchell Mcleod Pugh Williams Inc reduced its stake in VF Corp by 12.1% during the most recent quarter end. The investment management company now holds a total of 26,513 shares of VF Corp which is valued at $1,697,097 after selling 3,650 shares in VF Corp , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.VF Corp makes up approximately 1.26% of Mitchell Mcleod Pugh Williams Inc’s portfolio.

Other Hedge Funds, Including , Arcadia Investment Management Corpmi reduced its stake in VFC by selling 5,155 shares or 4.92% in the most recent quarter. The Hedge Fund company now holds 99,655 shares of VFC which is valued at $6,378,917. VF Corp makes up approx 2.02% of Arcadia Investment Management Corpmi’s portfolio.Cutler Group Lp reduced its stake in VFC by selling 4,524 shares or 39.76% in the most recent quarter. The Hedge Fund company now holds 6,855 shares of VFC which is valued at $443,656. VF Corp makes up approx 0.03% of Cutler Group Lp’s portfolio.Svenska Handelsbanken Ab (publ) boosted its stake in VFC in the latest quarter, The investment management firm added 9,219 additional shares and now holds a total of 29,619 shares of VF Corp which is valued at $1,916,942. VF Corp makes up approx 0.11% of Svenska Handelsbanken Ab (publ)’s portfolio.Stock Yards Bank Trust Co boosted its stake in VFC in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 13,589 shares of VF Corp which is valued at $825,668. VF Corp makes up approx 0.11% of Stock Yards Bank Trust Co’s portfolio.Cullinan Associates Inc boosted its stake in VFC in the latest quarter, The investment management firm added 1,619 additional shares and now holds a total of 152,168 shares of VF Corp which is valued at $9,480,066. VF Corp makes up approx 0.77% of Cullinan Associates Inc’s portfolio.

VF Corp closed down -0.02 points or -0.03% at $64.01 with 17,41,110 shares getting traded on Monday. Post opening the session at $63.99, the shares hit an intraday low of $63.79 and an intraday high of $64.57 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 $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.58. The company had revenue of $2839.30 million for the quarter, compared to analysts expectations of $2831.27 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on VF Corp. VF Corp was Downgraded by Brean Capital to ” Hold” on Jul 15, 2016. VF Corp was Downgraded by BB&T Capital Mkts to ” Hold” on Apr 25, 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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