Traders Sell VF (VFC) on Strength (VFC)
Investors sold shares of VF Corp (NYSE:VFC) on strength during trading on Wednesday. $88.99 million flowed into the stock on the tick-up and $127.59 million flowed out of the stock on the tick-down, for a money net flow of $38.60 million out of the stock. Of all companies tracked, VF had the 0th highest net out-flow for the day. VF traded up $2.18 for the day and closed at $95.50
VFC has been the subject of several research analyst reports. Credit Suisse Group reiterated a “positive” rating on shares of VF in a research report on Wednesday, January 16th. ValuEngine upgraded VF from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Deutsche Bank downgraded VF from a “buy” rating to a “hold” rating and decreased their target price for the stock from $104.00 to $76.00 in a research report on Friday, January 11th. Pivotal Research reiterated a “hold” rating and set a $78.00 target price (down from $85.00) on shares of VF in a research report on Wednesday, January 16th. Finally, Wells Fargo & Co decreased their target price on VF from $90.00 to $85.00 and set a “market perform” rating for the company in a research report on Wednesday, January 2nd. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.14.
The company has a market capitalization of $37.80 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 1.90 and a beta of 1.13. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50.
In related news, Chairman Steven E. Rendle sold 65,988 shares of VF stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $85.91, for a total transaction of $5,669,029.08. Following the completion of the sale, the chairman now owns 236,514 shares of the company’s stock, valued at $20,318,917.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Curtis A. Holtz sold 24,926 shares of VF stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $85.75, for a total value of $2,137,404.50. Following the sale, the vice president now directly owns 61,433 shares of the company’s stock, valued at approximately $5,267,879.75. The disclosure for this sale can be found here. Insiders have sold 229,267 shares of company stock worth $19,577,926 in the last 90 days. Insiders own 1.72% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio lifted its holdings in VF by 93.2% in the first quarter. Strs Ohio now owns 69,419 shares of the textile maker’s stock valued at $6,033,000 after acquiring an additional 33,497 shares during the period. Gulf International Bank UK Ltd lifted its holdings in VF by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 80,475 shares of the textile maker’s stock valued at $6,994,000 after acquiring an additional 320 shares during the period. IFM Investors Pty Ltd lifted its holdings in VF by 8.0% in the first quarter. IFM Investors Pty Ltd now owns 20,958 shares of the textile maker’s stock valued at $1,821,000 after acquiring an additional 1,550 shares during the period. Tompkins Financial Corp lifted its holdings in VF by 31.6% in the first quarter. Tompkins Financial Corp now owns 1,798 shares of the textile maker’s stock valued at $168,000 after acquiring an additional 432 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in VF by 0.7% in the first quarter. DAVENPORT & Co LLC now owns 34,378 shares of the textile maker’s stock valued at $2,988,000 after acquiring an additional 224 shares during the period.
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VF Company Profile (NYSE:VFC)
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.
Read More: Cost of Capital Explained
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