VF Corp (VFC) Shares Bought by SVA Plumb Wealth Management LLC

SVA Plumb Wealth Management LLC raised its stake in VF Corp (NYSE:VFC) by 11.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,859 shares of the textile maker’s stock after buying an additional 3,957 shares during the period. SVA Plumb Wealth Management LLC’s holdings in VF were worth $3,290,000 at the end of the most recent quarter.

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

VFC traded down $0.23 during trading on Wednesday, hitting $90.12. 99,629 shares of the stock traded hands, compared to its average volume of 1,969,004. The stock has a market capitalization of $35.65 billion, a P/E ratio of 30.24, a PEG ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 1.07, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. VF Corp has a 12-month low of $67.18 and a 12-month high of $97.00.

VFC has been the subject of a number of research reports. Cowen upped 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. Pivotal Research reaffirmed a “hold” rating and issued a $78.00 price objective (down previously from $85.00) on shares of VF in a research note on Wednesday, January 16th. UBS Group upped their price objective on shares of VF from $84.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday. 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, Wedbush increased their price target on shares of VF from $90.00 to $98.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.29.

In related news, VP Scott H. Baxter sold 64,996 shares of the stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $86.07, for a total value of $5,594,205.72. Following the completion of the transaction, the vice president now directly owns 215,057 shares in the company, valued at approximately $18,509,955.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Steven E. Rendle sold 65,988 shares of the stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $85.91, for a total transaction of $5,669,029.08. Following the completion of the transaction, the chairman now owns 236,514 shares of the company’s stock, valued at $20,318,917.74. The disclosure for this sale can be found here. Insiders have sold a total of 182,895 shares of company stock valued at $15,636,737 in the last three months. 1.72% of the stock is currently owned by corporate insiders.

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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.

Further Reading: How are institutional investors different from individual investors?

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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