Logan Capital Management Inc. Decreases Stock Holdings in V.F. Co. (NYSE:VFC)

Logan Capital Management Inc. lowered its stake in shares of V.F. Co. (NYSE:VFCGet Rating) by 84.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,600 shares of the textile maker’s stock after selling 41,083 shares during the quarter. Logan Capital Management Inc.’s holdings in V.F. were worth $432,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Siemens Fonds Invest GmbH increased its position in shares of V.F. by 4.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 3,612 shares of the textile maker’s stock valued at $264,000 after purchasing an additional 170 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of V.F. by 5.3% during the 1st quarter. Great Valley Advisor Group Inc. now owns 3,739 shares of the textile maker’s stock valued at $230,000 after purchasing an additional 189 shares during the last quarter. First Affirmative Financial Network increased its position in shares of V.F. by 6.1% during the 4th quarter. First Affirmative Financial Network now owns 3,327 shares of the textile maker’s stock valued at $244,000 after purchasing an additional 190 shares during the last quarter. American Trust Investment Advisors LLC increased its position in shares of V.F. by 0.7% during the 1st quarter. American Trust Investment Advisors LLC now owns 28,380 shares of the textile maker’s stock valued at $1,614,000 after purchasing an additional 199 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC increased its position in shares of V.F. by 46.7% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 660 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 87.01% of the company’s stock.

Insider Activity

In other V.F. news, Director Richard Carucci acquired 10,000 shares of the stock in a transaction dated Tuesday, June 14th. The stock was purchased at an average price of $45.39 per share, with a total value of $453,900.00. Following the transaction, the director now directly owns 107,493 shares of the company’s stock, valued at $4,879,107.27. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other V.F. news, Director W Rodney Mcmullen acquired 6,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average price of $44.76 per share, with a total value of $268,560.00. Following the transaction, the director now directly owns 34,146 shares of the company’s stock, valued at $1,528,374.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Carucci acquired 10,000 shares of the stock in a transaction dated Tuesday, June 14th. The stock was acquired at an average cost of $45.39 per share, with a total value of $453,900.00. Following the transaction, the director now directly owns 107,493 shares in the company, valued at $4,879,107.27. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 26,000 shares of company stock worth $1,136,860. 0.90% of the stock is currently owned by company insiders.

V.F. Trading Up 1.5 %

Shares of NYSE:VFC opened at $43.36 on Monday. V.F. Co. has a 12-month low of $40.06 and a 12-month high of $78.91. The business’s fifty day simple moving average is $44.85 and its 200-day simple moving average is $49.34. The company has a market capitalization of $16.85 billion, a PE ratio of 16.87, a P/E/G ratio of 1.95 and a beta of 1.35. The company has a current ratio of 1.33, a quick ratio of 0.66 and a debt-to-equity ratio of 1.33.

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Monday, September 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.61%. V.F.’s dividend payout ratio is presently 77.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on V.F. from $59.00 to $56.00 and set a “buy” rating for the company in a report on Monday, August 1st. StockNews.com cut V.F. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Cowen cut V.F. from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $52.00 to $50.00 in a report on Monday, August 22nd. BTIG Research dropped their price objective on V.F. from $67.00 to $60.00 in a report on Friday, July 29th. Finally, Barclays dropped their price objective on V.F. to $46.00 in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.56.

About V.F.

(Get Rating)

V.F. Corporation, together with its subsidiaries, engages in the design, 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 three segments: Outdoor, Active, and Work.

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Institutional Ownership by Quarter for V.F. (NYSE:VFC)

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