Boenning & Scattergood Inc. Has $1.05 Million Stake in VF Corp (VFC)
Boenning & Scattergood Inc. increased its stake in VF Corp (NYSE:VFC) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,137 shares of the textile maker’s stock after acquiring an additional 202 shares during the period. Boenning & Scattergood Inc.’s holdings in VF were worth $1,054,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in VFC. Oregon Public Employees Retirement Fund raised its stake in shares of VF by 5,538.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,592,716 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 7,458,056 shares in the last quarter. Bank of America Corp DE raised its stake in VF by 182.3% in the fourth quarter. Bank of America Corp DE now owns 5,308,262 shares of the textile maker’s stock valued at $378,691,000 after buying an additional 3,427,860 shares in the last quarter. Norges Bank acquired a new stake in VF in the fourth quarter valued at $236,808,000. FMR LLC raised its stake in VF by 12.5% in the fourth quarter. FMR LLC now owns 6,169,339 shares of the textile maker’s stock valued at $440,121,000 after buying an additional 687,095 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in VF by 121.4% in the fourth quarter. American Century Companies Inc. now owns 1,161,622 shares of the textile maker’s stock valued at $82,870,000 after buying an additional 637,022 shares in the last quarter.
Shares of NYSE VFC traded down $0.26 during midday trading on Monday, reaching $95.29. 22,771 shares of the company were exchanged, compared to its average volume of 1,932,730. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. VF Corp has a 1 year low of $67.18 and a 1 year high of $97.00. The firm has a market cap of $37.49 billion, a P/E ratio of 31.90, a P/E/G ratio of 1.99 and a beta of 1.13.
In related news, VP Scott H. Baxter sold 51,911 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $84.25, for a total transaction of $4,373,501.75. Following the transaction, the vice president now owns 201,972 shares of the company’s stock, valued at $17,016,141. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Alan Mccollough sold 12,552 shares of the firm’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $83.20, for a total value of $1,044,326.40. Following the transaction, the director now directly owns 27,742 shares in the company, valued at approximately $2,308,134.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 229,267 shares of company stock worth $19,577,926. Corporate insiders own 1.72% of the company’s stock.
VFC has been the topic of a number of analyst reports. Wells Fargo & Co cut their price target on VF from $90.00 to $85.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 2nd. ValuEngine lowered VF from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Deutsche Bank lowered VF from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $104.00 to $76.00 in a report on Friday, January 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $88.00 price objective (down previously from $107.00) on shares of VF in a report on Monday, January 14th. Finally, Credit Suisse Group reaffirmed a “positive” rating on shares of VF in a report on Wednesday, January 16th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $92.14.
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V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.
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