Short Interest Watching: VF Corporation (NYSE:VFC) Shorted Shares Increased 12.18% After Market Selling

November 18, 2016 - By Louis Casey   ·   0 Comments

Short Interest Watching: VF Corporation (NYSE:VFC) Shorted Shares Increased 12.18% After Market Selling

The stock of VF Corporation (NYSE:VFC) registered an increase of 12.18% in short interest. VFC’s total short interest was 12.94 million shares in November as published by FINRA. Its up 12.18% from 11.53 million shares, reported previously. With 3.45 million shares average volume, it will take short sellers 4 days to cover their VFC’s short positions. The short interest to VF Corporation’s float is 3.14%. About 2.39 million shares traded hands. VF Corp (NYSE:VFC) has declined 11.94% since April 18, 2016 and is downtrending. It has underperformed by 16.37% the S&P500.

V.F. Corporation is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The company has a market cap of $22.86 billion. The Company’s divisions include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. It has a 18.94 P/E ratio. The Firm owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.09, from 1 in 2016Q1. The ratio is negative, as 53 funds sold all VF Corp shares owned while 265 reduced positions. 54 funds bought stakes while 264 increased positions. They now own 407.75 million shares or 0.77% less from 410.91 million shares in 2016Q1.
Spf Beheer Bv accumulated 2.74% or 864,271 shares. Nbt Savings Bank N A Ny accumulated 5,961 shares or 0.06% of the stock. Andra Ap holds 0.18% or 117,100 shares in its portfolio. Schooner Investment Ltd Llc last reported 0.38% of its portfolio in the stock. Tarbox Grp Inc owns 403 shares or 0.02% of their US portfolio. Profund Advisors Limited Com last reported 9,587 shares in the company. Diversified Company accumulated 43,112 shares or 0.31% of the stock. Envestnet Asset Management owns 176,981 shares or 0.04% of their US portfolio. Henderson Gp Plc has invested 0.13% of its portfolio in VF Corp (NYSE:VFC). Gotham Asset Management Ltd Liability Co holds 561,868 shares or 0.41% of its portfolio. Clearbridge Investments Lc accumulated 3,828 shares or 0% of the stock. Pax Management Limited Liability Co accumulated 0.02% or 6,061 shares. Nuveen Asset Mgmt Ltd Limited Liability Company holds 0.01% or 36,027 shares in its portfolio. Mariner Wealth Lc holds 0.11% of its portfolio in VF Corp (NYSE:VFC) for 31,830 shares. Hills Financial Bank, a Iowa-based fund reported 10,173 shares.

Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 2 sales for $18.68 million net activity. $1.59M worth of shares were sold by OTIS CLARENCE JR on Wednesday, August 10. $17.09 million worth of VF Corp (NYSE:VFC) shares were sold by WISEMAN ERIC C.

VF Corp (NYSE:VFC) Ratings Coverage

Out of 21 analysts covering V.F. Corp (NYSE:VFC), 10 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 48% are positive. V.F. Corp has been the topic of 51 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Wednesday, October 19. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, October 8. The rating was upgraded by Buckingham Research to “Buy” on Friday, July 24. On Tuesday, October 25 the stock rating was downgraded by Citigroup to “Neutral”. Brean Capital downgraded the stock to “Buy” rating in Friday, July 15 report. The company was maintained on Monday, February 22 by Brean Capital. Telsey Advisory Group maintained the shares of VFC in a report on Monday, February 22 with “Outperform” rating. The firm has “Outperform” rating by Macquarie Research given on Friday, February 19. The stock of VF Corp (NYSE:VFC) has “Underperform” rating given on Thursday, September 15 by Bank of America. The rating was downgraded by JP Morgan to “Neutral” on Monday, October 24.

VFC Company Profile

V.F. Corporation (VF), incorporated in December 4, 1899, is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Firm has a portfolio of approximately 30 brands across a spectrum of activities and lifestyles. The Company’s divisions include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Firm owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories. The Company’s brands primarily include The North Face, Vans, Timberland, Wrangler, Lee, Nautica, Majestic and Kipling. The Company’s products are marketed to clients shopping in specialty stores, department stores, national chains, mass merchants and its own direct-to-consumer operations. The Company’s direct-to-consumer business includes VF-operated stores, concession retail stores and e-commerce sites. The Company’s brands sell products in international markets through licensees, distributors and independently-operated partnership stores. The Company’s products are obtained from over 28 VF-operated manufacturing facilities and approximately 1,900 contractor manufacturing facilities in over 60 countries. The Firm also operates approximately 30 distribution centers and over 1,520 retail stores.

More notable recent VF Corp (NYSE:VFC) news were published by: Wsj.com which released: “Wrangler Maker VF Corp. Cuts Guidance as Sales Slow” on October 24, 2016, also Thestreet.com with their article: “Avoid the Unfashionable Bargain That Is VF Corp” published on October 25, 2016, Thestreet.com published: “Analysts’ Actions — Chesapeake, McCormick, Time Warner, VF Corp. and More” on October 25, 2016. More interesting news about VF Corp (NYSE:VFC) were released by: Readingeagle.com and their article: “VF Corp. releases quarterly earnings” published on October 26, 2016 as well as Valuewalk.com‘s news article titled: “Dividend Aristocrats In Focus Part 17: VF Corp (VFC)” with publication date: November 01, 2016.

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By Louis Casey


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