Alps Advisors Inc. Invests $413,000 in VF Corp (VFC)

Alps Advisors Inc. acquired a new stake in shares of VF Corp (NYSE:VFC) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,752 shares of the textile maker’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VFC. Vanguard Group Inc boosted its stake in VF by 2.0% in the third quarter. Vanguard Group Inc now owns 26,944,256 shares of the textile maker’s stock valued at $2,517,940,000 after acquiring an additional 538,916 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in VF by 5,538.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,592,716 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 7,458,056 shares in the last quarter. Parnassus Investments CA boosted its stake in VF by 1.1% in the fourth quarter. Parnassus Investments CA now owns 7,232,841 shares of the textile maker’s stock valued at $515,990,000 after acquiring an additional 77,942 shares in the last quarter. FMR LLC boosted its stake in VF by 12.5% in the fourth quarter. FMR LLC now owns 6,169,339 shares of the textile maker’s stock valued at $440,121,000 after acquiring an additional 687,095 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in VF by 182.3% in the fourth quarter. Bank of America Corp DE now owns 5,308,262 shares of the textile maker’s stock valued at $378,691,000 after acquiring an additional 3,427,860 shares in the last quarter.

Shares of VF stock opened at $90.70 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.07. VF Corp has a 1 year low of $67.18 and a 1 year high of $97.00. The firm has a market cap of $35.65 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

In related news, VP Scott H. Baxter sold 51,911 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $84.25, for a total transaction of $4,373,501.75. Following the completion of the transaction, the vice president now owns 201,972 shares of the company’s stock, valued at $17,016,141. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.72% of the company’s stock.

Several equities research analysts have weighed in on the stock. Guggenheim restated a “buy” rating and issued a $90.00 target price on shares of VF in a research note on Friday, January 18th. Citigroup reaffirmed a “neutral” rating and issued a $85.00 price target (down previously from $90.00) on shares of VF in a report on Monday, March 18th. Credit Suisse Group reaffirmed a “positive” rating on shares of VF in a report on Wednesday, January 16th. Piper Jaffray Companies set a $93.00 price target on shares of VF and gave the stock a “buy” rating in a report on Friday, January 18th. Finally, ValuEngine raised shares of VF from a “hold” rating to a “buy” rating in a report on Saturday, January 19th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $93.29.

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VF Profile

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.

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Institutional Ownership by Quarter for VF (NYSE:VFC)

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