Raymond James & Associates Decreases Stake in V.F. Co. (NYSE:VFC)

Raymond James & Associates cut its stake in shares of V.F. Co. (NYSE:VFC – Get Rating) by 46.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,129 shares of the textile maker’s stock after selling 252,535 shares during the quarter. Raymond James & Associates owned about 0.08% of V.F. worth $8,121,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. TCI Wealth Advisors Inc. grew its stake in V.F. by 345.7% during the 4th quarter. TCI Wealth Advisors Inc. now owns 927 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 719 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in V.F. by 50.4% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,006 shares of the textile maker’s stock valued at $28,000 after buying an additional 337 shares during the last quarter. General Partner Inc. acquired a new position in V.F. in the 4th quarter worth approximately $30,000. Bogart Wealth LLC raised its position in V.F. by 878.9% during the 4th quarter. Bogart Wealth LLC now owns 1,116 shares of the textile maker’s stock worth $31,000 after buying an additional 1,002 shares during the last quarter. Finally, Guardian Wealth Advisors LLC purchased a new stake in shares of V.F. in the 3rd quarter valued at $33,000. 96.89% of the stock is owned by institutional investors and hedge funds.

V.F. Stock Down 8.2 %

NYSE VFC opened at $19.07 on Friday. The business has a fifty day moving average price of $21.73 and a 200 day moving average price of $26.28. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.58 and a current ratio of 1.15. The company has a market cap of $7.41 billion, a P/E ratio of 17.82, a P/E/G ratio of 3.01 and a beta of 1.44. V.F. Co. has a one year low of $18.78 and a one year high of $51.40.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VFC. OTR Global restated a “negative” rating on shares of V.F. in a research report on Friday, January 20th. Barclays lowered their target price on V.F. from $31.00 to $26.00 in a research note on Tuesday, May 2nd. Bank of America reduced their price target on V.F. from $23.00 to $20.00 in a research report on Wednesday. The Goldman Sachs Group upgraded V.F. from a “sell” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $27.00 in a research report on Friday, April 14th. Finally, Wells Fargo & Company upgraded shares of V.F. from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Friday, May 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, V.F. currently has an average rating of “Hold” and a consensus target price of $30.89.

Insider Transactions at V.F.

In other V.F. news, Director Carol L. Roberts purchased 7,109 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average cost of $21.07 per share, for a total transaction of $149,786.63. Following the completion of the transaction, the director now owns 7,109 shares of the company’s stock, valued at approximately $149,786.63. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

About V.F.

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VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.