Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its position in shares of VF Corp (NYSE:VFC) by 39.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 22,111 shares of the textile maker’s stock after selling 14,469 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in VF were worth $1,922,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of VFC. UNIVEST FINANCIAL Corp grew its position in VF by 6.0% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 25,678 shares of the textile maker’s stock worth $1,832,000 after acquiring an additional 1,459 shares during the last quarter. Creative Planning grew its position in VF by 2.2% during the 4th quarter. Creative Planning now owns 96,450 shares of the textile maker’s stock worth $6,881,000 after acquiring an additional 2,034 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of VF in the 4th quarter worth approximately $1,013,000. Gradient Investments LLC grew its position in shares of VF by 2,535.0% in the 4th quarter. Gradient Investments LLC now owns 112,015 shares of the textile maker’s stock worth $7,991,000 after buying an additional 107,764 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of VF by 8.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 31,895 shares of the textile maker’s stock worth $2,275,000 after buying an additional 2,518 shares during the last quarter.
In related news, VP Scott H. Baxter sold 51,911 shares of VF stock in a transaction on Friday, March 15th. The stock was sold at an average price of $84.25, for a total value of $4,373,501.75. Following the completion of the sale, the vice president now owns 201,972 shares of the company’s stock, valued at $17,016,141. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura C. Meagher sold 8,894 shares of VF stock in a transaction on Monday, February 11th. The stock was sold at an average price of $85.39, for a total value of $759,458.66. Following the completion of the sale, the insider now directly owns 24,015 shares of the company’s stock, valued at approximately $2,050,640.85. The disclosure for this sale can be found here. Insiders sold 216,715 shares of company stock valued at $18,533,600 in the last 90 days. Company insiders own 1.72% of the company’s stock.
A number of equities research analysts have recently weighed in on VFC shares. 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 lowered VF from a “buy” rating to a “hold” rating and cut their price objective for the stock from $104.00 to $76.00 in a research report on Friday, January 11th. Pivotal Research restated a “hold” rating and issued a $78.00 target price (down previously from $85.00) on shares of VF in a research note on Wednesday, January 16th. Finally, Cowen raised their target price on VF from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $92.14.
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VF Company Profile
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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