First American Bank Has $1.86 Million Stake in VF Corp (NYSE:VFC)

First American Bank lessened its stake in VF Corp (NYSE:VFC) by 6.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,343 shares of the textile maker’s stock after selling 1,420 shares during the quarter. First American Bank’s holdings in VF were worth $1,855,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Doyle Wealth Management bought a new position in VF during the fourth quarter valued at $26,000. Reilly Financial Advisors LLC increased its position in VF by 99.1% during the fourth quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 219 shares during the last quarter. Destination Wealth Management increased its position in VF by 365.2% during the fourth quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 336 shares during the last quarter. Sonora Investment Management LLC increased its position in VF by 69.5% during the fourth quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Finally, Bruderman Asset Management LLC bought a new position in VF during the fourth quarter valued at $37,000.

In related news, Chairman Steven E. Rendle sold 65,988 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $85.91, for a total value of $5,669,029.08. Following the completion of the sale, the chairman now directly owns 236,514 shares of the company’s stock, valued at $20,318,917.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Curtis A. Holtz sold 24,926 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $85.75, for a total transaction of $2,137,404.50. Following the completion of the sale, the vice president now directly owns 61,433 shares of the company’s stock, valued at $5,267,879.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 229,267 shares of company stock valued at $19,577,926. 1.72% of the stock is owned by insiders.

VFC has been the topic of a number of analyst reports. Credit Suisse Group reiterated a “positive” rating on shares of VF in a research report on Wednesday, January 16th. ValuEngine upgraded shares of VF from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Deutsche Bank cut shares of VF from a “buy” rating to a “hold” rating and cut their price target for the stock from $104.00 to $76.00 in a report on Friday, January 11th. Pivotal Research restated a “hold” rating and issued a $78.00 price target (down from $85.00) on shares of VF in a report on Wednesday, January 16th. Finally, Wells Fargo & Co cut their price target on shares of VF from $90.00 to $85.00 and set a “market perform” rating on the stock in a report on Wednesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $92.14.

NYSE:VFC opened at $94.73 on Thursday. VF Corp has a 1-year low of $67.18 and a 1-year high of $97.00. The stock has a market capitalization of $37.42 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 1.99 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.

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About VF

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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Institutional Ownership by Quarter for VF (NYSE:VFC)

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