Traders Purchase Large Volume of VF Put Options (NYSE:VFC)

VF Corporation (NYSE:VFC - Get Free Report) was the target of some unusual options trading on Thursday. Stock investors acquired 20,912 put options on the stock. This represents an increase of 37% compared to the average volume of 15,304 put options.

Institutional Trading of VF

A number of hedge funds and other institutional investors have recently modified their holdings of VFC. CKW Financial Group boosted its holdings in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock worth $47,000 after buying an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker's stock valued at $129,000 after acquiring an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. bought a new position in shares of VF in the fourth quarter worth about $1,878,000. Fiduciary Alliance LLC raised its stake in VF by 6.8% during the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock valued at $5,505,000 after purchasing an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC grew its holdings in VF by 1.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker's stock valued at $73,084,000 after buying an additional 65,919 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

VF Stock Performance

VFC traded down $0.16 during mid-day trading on Monday, reaching $16.46. 2,080,483 shares of the company traded hands, compared to its average volume of 7,241,863. The stock has a market capitalization of $6.41 billion, a P/E ratio of -13.85, a P/E/G ratio of 6.77 and a beta of 1.46. VF has a 52-week low of $11.00 and a 52-week high of $29.02. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31. The company's fifty day moving average price is $23.57 and its 200-day moving average price is $21.21.

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VF (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period last year, the business posted $0.57 earnings per share. On average, sell-side analysts expect that VF will post 0.73 EPS for the current year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Monday, March 10th. VF's dividend payout ratio is currently -30.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VFC shares. The Goldman Sachs Group raised their target price on VF from $22.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. UBS Group raised their target price on VF from $24.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Barclays upped their price target on VF from $29.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Truist Financial reissued a "hold" rating and issued a $24.00 target price (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. Finally, Jefferies Financial Group boosted their price objective on shares of VF from $21.00 to $24.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, VF currently has an average rating of "Hold" and an average target price of $22.90.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.