VF Sees Unusually Large Options Volume (NYSE:VFC)

VF Corporation (NYSE:VFC - Get Free Report) was the recipient of some unusual options trading on Monday. Traders purchased 35,728 call options on the stock. This is an increase of 83% compared to the typical daily volume of 19,569 call options.

Insider Activity

In other news, Director Richard Carucci acquired 15,000 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the acquisition, the director now owns 230,178 shares in the company, valued at $3,843,972.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank & Trust Co bought a new stake in VF during the 2nd quarter valued at approximately $35,000. Versant Capital Management Inc raised its stake in VF by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker's stock valued at $35,000 after purchasing an additional 2,583 shares during the period. Future Financial Wealth Managment LLC bought a new stake in VF during the 3rd quarter valued at approximately $40,000. EverSource Wealth Advisors LLC raised its stake in VF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker's stock valued at $41,000 after purchasing an additional 895 shares during the period. Finally, Heritage Wealth Advisors raised its stake in VF by 527.6% during the 1st quarter. Heritage Wealth Advisors now owns 2,755 shares of the textile maker's stock valued at $42,000 after purchasing an additional 2,316 shares during the period. Institutional investors own 86.84% of the company's stock.

Wall Street Analyst Weigh In

VFC has been the subject of a number of research reports. The Goldman Sachs Group started coverage on VF in a report on Friday, October 11th. They issued a "neutral" rating and a $20.00 price objective for the company. Evercore ISI raised their price target on VF from $14.00 to $16.00 and gave the company an "in-line" rating in a report on Wednesday, August 7th. UBS Group raised their price target on VF from $12.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Citigroup upgraded VF from a "neutral" rating to a "buy" rating and raised their price target for the company from $11.00 to $20.00 in a report on Thursday, July 18th. Finally, Argus upgraded VF to a "hold" rating in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $17.24.

VF Stock Performance

NYSE:VFC traded up $0.29 on Monday, hitting $17.03. The stock had a trading volume of 13,159,753 shares, compared to its average volume of 8,194,808. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of -5.75, a price-to-earnings-growth ratio of 3.27 and a beta of 1.53. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84. The business's 50-day simple moving average is $18.52 and its two-hundred day simple moving average is $15.55. VF has a 52-week low of $11.00 and a 52-week high of $21.40.

VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.04. VF had a positive return on equity of 11.75% and a negative net margin of 11.39%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company earned ($0.15) earnings per share. The business's revenue for the quarter was down 8.9% compared to the same quarter last year. As a group, research analysts predict that VF will post 0.6 earnings per share for the current year.

VF Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.11%. VF's dividend payout ratio (DPR) is currently -11.92%.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.