Northeast Investment Management Trimmed Its Holding in V.F. Corp (VFC) by $4.89 Million

June 19, 2017 - By Louis Casey

Investors sentiment increased to 0.93 in Q4 2016. Its up 0.02, from 0.91 in 2016Q3. It is positive, as 67 investors sold VFC shares while 260 reduced holdings. 76 funds opened positions while 229 raised stakes. 415.72 million shares or 2.44% more from 405.83 million shares in 2016Q3 were reported. Schwab Charles Management holds 1.02 million shares. Baldwin Brothers Ma holds 300 shares or 0% of its portfolio. The Delaware-based Westover Cap Advsr Limited Liability has invested 0.25% in VF Corp (NYSE:VFC). Vantage Invest Advsrs Lc stated it has 500 shares. Cape Cod Five Cents Natl Bank invested in 68,027 shares. Bessemer Gru stated it has 0% in VF Corp (NYSE:VFC). Estabrook has invested 0% in VF Corp (NYSE:VFC). 20,278 were reported by Amica Mutual Insur Company. Voya Inv Llc accumulated 128,239 shares or 0.02% of the stock. Martin Investment Ltd Liability Corp reported 2.12% stake. Verition Fund Ltd Liability reported 0.02% in VF Corp (NYSE:VFC). Symphony Asset Ltd Llc invested in 0.05% or 8,482 shares. 4,080 are owned by Guinness Atkinson Asset Management. Eulav Asset Mngmt owns 0.13% invested in VF Corp (NYSE:VFC) for 45,000 shares. 18,013 were accumulated by Mufg Americas Corp.

Northeast Investment Management decreased its stake in V.F. Corp (VFC) by 45.68% based on its latest 2016Q4 regulatory filing with the SEC. Northeast Investment Management sold 92,276 shares as the company’s stock declined 0.53% while stock markets rallied. The institutional investor held 109,719 shares of the apparel company at the end of 2016Q4, valued at $5.85M, down from 201,995 at the end of the previous reported quarter. Northeast Investment Management who had been investing in V.F. Corp for a number of months, seems to be less bullish one the $22.71B market cap company. The stock rose 0.25% or $0.14 reaching $56.47. About 409,506 shares traded. VF Corp (NYSE:VFC) has declined 13.07% since June 19, 2016 and is downtrending. It has underperformed by 29.77% the S&P500.

Investors wait VF Corp (NYSE:VFC) to report on July, 28. its quarterly earnings Wall Street analysts expect $0.31 EPS, down $0.05 or 13.89 % from last year’s $0.36 same quarter earnings. This translates into $124.66 million profit for VFC giving the stock a 45.52 P/E. This is assuming the current $0.31 EPS is accurate. VF Corp’s Wall Street analysts see -43.64 % negative EPS growth, taking into account the $0.55 EPS reproted in the previous quarter,

More notable recent VF Corp (NYSE:VFC) news were published by: Nasdaq.com which released: “Why Is VF Corp (VFC) Down 7.2% Since the Last Earnings Report?” on May 29, 2017, also Seekingalpha.com with their article: “Is It Time To Buy Back VF Corporation?” published on June 09, 2017, Gurufocus.com published: “Old Republic International Corp Buys VF Corp, Entergy Corp, Bristol-Myers …” on May 22, 2017. More interesting news about VF Corp (NYSE:VFC) were released by: Seekingalpha.com and their article: “Weather The Retail Storm: Add VF Corp. To Your Dividend Portfolio” published on May 24, 2017 as well as Nasdaq.com‘s news article titled: “VF Corporation (VFC) Ex-Dividend Date Scheduled for June 07, 2017” with publication date: June 06, 2017.

VF Corp (NYSE:VFC) Ratings Coverage

Among 24 analysts covering V.F. Corp (NYSE:VFC), 7 have Buy rating, 1 Sell and 16 Hold. Therefore 29% are positive. V.F. Corp had 59 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Buckingham Research on Friday, September 2. The firm earned “Buy” rating on Friday, July 15 by Brean Capital. The firm has “Neutral” rating given on Friday, September 16 by Susquehanna. On Tuesday, October 25 the stock rating was downgraded by Deutsche Bank to “Hold”. As per Thursday, November 12, the company rating was downgraded by Sterne Agee CRT. Goldman Sachs downgraded VF Corp (NYSE:VFC) on Thursday, February 2 to “Neutral” rating. The stock of VF Corp (NYSE:VFC) has “Buy” rating given on Friday, September 30 by Guggenheim. Goldman Sachs upgraded the stock to “Buy” rating in Monday, July 27 report. Piper Jaffray downgraded the stock to “Neutral” rating in Tuesday, January 3 report. The stock of VF Corp (NYSE:VFC) has “Overweight” rating given on Monday, February 22 by Barclays Capital.

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