V.F. Corporation (NYSE:VFC).
Pennsylvania Trust Co says it bought 27,097 shares in quarter ending 06/30/2017 increasing its stake in V.F. Corporation (VFC) by 21.2%. Its position stood at $8,906,000 an increase of 27.0% as of quarter end.
Other firms have also shifted positions in (VFC). Gateway Investment Advisers LLC downsized its stake by shedding 170 shares a decrease of 0.2% as of 06/30/2017. Gateway Investment Advisers LLC owns 108,299 shares valued at $6,238,000. The value of the position overall is up by 4.6%. As of quarter end Clinton Group Inc had disposed of 81,239 shares trimming its holdings by 85.1%. The value of the investment in V.F. Corporation decreased from $5,093,000 to $781,000 a change of 84.7% for the reporting period.
Trust Department Mb Financial Bank N A reduced its investment by selling 213 shares a decrease of 83.2%. Trust Department Mb Financial Bank N A controls 43 shares with a value of $2,000. The total value of its holdings decreased 85.7%.
On October 25 the company was downgraded from “Buy” to “Buy” with a current price target of $59.00 in a report from Deutsche Bank. October 25 investment analysts at UBS made no change to the stock rating of “Buy” and lowered the price target from $77.00 to $59.00.
Equity analyst Deutsche Bank both downgraded the stock and lowered the price target on October 25 cutting the price target from $67.00 to $59.00 and cutting the rating from “Buy” to “Buy”. On October 24 the stock rating was downgraded to “Neutral” from “Overweight” in a report issued by JP Morgan.
On October 24 the stock rating was downgraded to “Neutral” from “Buy” and a price target of $57.00 was set by analysts at Citigroup. Citigroup downgraded the stock and lowered the price target on October 24 changing the price target from $84.00 to $57.00 and altering the rating from “Buy” to “Neutral”.
The company is trading up since yesterday’s close of $55.72. The company announced a dividend paid on Monday June 19th, 2017. The dividend was $0.420 per share for the quarter which is $1.68 annualized. This dividend amount was represent a yeild of $2.96. The ex-dividend date was set for Wednesday the 7th of June 2017.
Company chares are trading at $55.83 marginally over the 50 day moving average which is $54.59 and which is marginally over the 200 day moving average of $53.64. The 50 day moving average moved up $1.19 and the 200 day average went up by +3.99%.
V.F. Corporation’s P/E ratio is 22.74 and the market cap of the company is 22.34B. As of the last earnings report the EPS was $2.45 and is expected to be $2.93 for the current year with 400,456,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.16 and the next full year EPS is projected to be $3.19.