Parnassus Investments Stake in Vf Corp. (VFC) Decreased by $14.19 Million as Shares Declined

April 17, 2018 - By Russell Jones

V.F. Corporation (NYSE:VFC) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 1.01. That’s change of 0.07, from 2017Q3’s 1.08. 41 investors sold all, 258 reduced holdings as VFC ratio dropped. 196 rose positions while 106 funds amassed positions. Funds hold 392.21 million shares thus 0.79% less from 2017Q3’s 395.35 million shares. Paloma Prtnrs Mngmt reported 0.01% in V.F. Corporation (NYSE:VFC). Hedeker Wealth Lc owns 32,859 shs. 137 were accumulated by Lazard Asset Management. Jones Lllp holds 0.02% or 113,265 shs in its capital. Estabrook Capital Mgmt accumulated 2,850 shs or 0.03% of the stock. Washington Tru reported 3,300 shs stake. Carroll Assocs Inc holds 2,051 shs. Rockland Trust holds 0.04% or 4,075 shs in its capital. Ameritas Inv Prtnrs owns 18,424 shs. Asset Management Inc invested in 0.08% or 32,472 shs. Two Sigma Ltd Limited Liability Company stated it has 5,395 shs. Raymond James Trust Na holds 0.27% or 55,149 shs. Bank & Trust Of The West reported 0.04% in V.F. Corporation (NYSE:VFC). Robeco Institutional Asset Management Bv owns 218,875 shs. Toronto Dominion Bancorp owns 141,665 shs.

VFC had 3 selling transactions and 0 insider buys since October 26, 2017. This’s net activity of $6.96 million. On Thursday, October 26 $4.63 million worth of stock was sold by Rendle Steven E. On Thursday, October 26 Roe Scott A. sold $1.34M worth of V.F. Corporation (NYSE:VFC) or 18,952 shs.

Based on the latest 2017Q4 regulatory filing with the SEC, Parnassus Investments decreased its holdings in Vf Corp. (VFC) by 1.35%. The company’s stock sank 0.19% while Parnassus Investments sold 194,389 shares. The institutional investor is holding 14.24M shares, compared to the 14.44M from the previous quarter. And the announced value of the apparel company is $1.05 billion for the 2017Q4. Vf Corp. has $30.91 billion MC. The stock increased 0.91% or $0.7 during the last trading session, reaching $77.92.V.F. Corporation has volume of 2.19M shares. Since April 17, 2017 VFC has risen 34.81% and is uptrending. The stock outperformed the S&P 500 by 23.26%.

Parnassus Investments rose its stake in International Business Machines Corp. (NYSE:IBM) by 50,000 shares to 1.69M shares, valued at $258.90M in 2017Q4, according to the filing. It operates about $10.39B and $25.48B US Long portfolio. For a total of 3.41M shares it increased its holding in Hanesbrands Inc. (NYSE:HBI) by 636,202 shares in the quarter, and has risen its stake in Alliance Data Systems Corp. (NYSE:ADS).

Analysts await V.F. Corporation (NYSE:VFC) to report earnings on April, 27. They expect $0.65 earnings per share, up 18.18 % or $0.10 from last year’s $0.55 per share. VFC’s profit will be $257.86 million for 29.97 P/E if the $0.65 EPS becomes a reality. After $1.01 actual earnings per share reported by V.F. Corporation for the previous quarter, Wall Street now forecasts -35.64 % negative EPS growth.

V.F. Corporation (NYSE:VFC) Ratings Coverage

In total 17 analysts cover VF Corp (NYSE:VFC). “Buy” rating has 10, “Sell” are 0, while 7 are “Hold”. 59% are bullish. With $96.0 highest and $67 lowest [Target] VF Corp has $78.25 average [Target] or 0.42% above the current ($77.92) price. 23 are the (NYSE:VFC)’s analyst reports since October 19, 2017 according to StockzIntelligence Inc. On Friday, February 16 the rating was maintained by Piper Jaffray with “Buy”. The stock rating was maintained by KeyBanc Capital Markets with “Hold” on Tuesday, October 31. On Friday, January 26 Piper Jaffray maintained V.F. Corporation (NYSE:VFC) rating. Piper Jaffray has “Hold” rating and $85.0 target. On Tuesday, February 20 the firm has “Overweight” rating by Barclays Capital given. On Monday, February 5 the stock of V.F. Corporation (NYSE:VFC) earned “Overweight” rating by PiperJaffray. On Monday, February 5 the firm has “Hold” rating by Cowen & Co given. On Wednesday, October 25 Citigroup maintained the shares of VFC in report with “Neutral” rating. The company rating was maintained by Canaccord Genuity on Monday, January 29. On Friday, February 2 Barclays Capital initiated V.F. Corporation (NYSE:VFC) with “Buy” rating. On Thursday, October 19 the firm has “Buy” rating by Canaccord Genuity given.

V.F. Corporation (NYSE:VFC) Institutional Investors Chart

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