Shorepoint Capital Partners LLC Purchases Shares of 50,200 VF Corp (VFC)

Shorepoint Capital Partners LLC acquired a new position in VF Corp (NYSE:VFC) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,200 shares of the textile maker’s stock, valued at approximately $4,363,000. VF accounts for 2.5% of Shorepoint Capital Partners LLC’s investment portfolio, making the stock its 9th largest position.

Several other large investors also recently modified their holdings of VFC. Doyle Wealth Management acquired a new stake in shares of VF in the 4th quarter valued at $26,000. Reilly Financial Advisors LLC lifted its stake in shares of VF by 99.1% in the 4th quarter. Reilly Financial Advisors LLC now owns 440 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 219 shares during the last quarter. Destination Wealth Management lifted its stake in shares of VF by 365.2% in the 4th quarter. Destination Wealth Management now owns 428 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 336 shares during the last quarter. Sonora Investment Management LLC lifted its stake in shares of VF by 69.5% in the 4th quarter. Sonora Investment Management LLC now owns 444 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 182 shares during the last quarter. Finally, Bruderman Asset Management LLC acquired a new stake in shares of VF in the 4th quarter valued at $37,000.

In other news, insider Laura C. Meagher sold 8,894 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $85.39, for a total transaction of $759,458.66. Following the transaction, the insider now owns 24,015 shares in the company, valued at approximately $2,050,640.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Scott H. Baxter sold 51,911 shares of the business’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 in the company, valued at approximately $17,016,141. The disclosure for this sale can be found here. Insiders sold a total of 216,715 shares of company stock worth $18,533,600 in the last quarter. Insiders own 1.72% of the company’s stock.

Shares of VFC opened at $95.37 on Friday. The firm has a market capitalization of $37.73 billion, a P/E ratio of 32.00, a PEG ratio of 1.96 and a beta of 1.15. VF Corp has a one year low of $67.18 and a one year high of $97.00. The company has a current ratio of 1.80, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.

Several research firms recently issued reports on VFC. Wedbush lifted their price objective on shares of VF from $90.00 to $98.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Cowen lifted their price objective on shares of VF from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Citigroup reaffirmed a “neutral” rating and issued a $85.00 price objective (down previously from $90.00) on shares of VF in a research note on Monday, March 18th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $96.00 price objective (up previously from $88.00) on shares of VF in a research note on Tuesday, January 22nd. Finally, ValuEngine raised shares of VF from a “hold” rating to a “buy” rating in a research note on Saturday, January 19th. 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 company currently has an average rating of “Buy” and an average price target 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.

Further Reading: Asset Allocation

Institutional Ownership by Quarter for VF (NYSE:VFC)

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