VF Sees Unusually High Options Volume (NYSE:VFC)

VF Corporation (NYSE:VFC - Get Free Report) saw unusually large options trading on Tuesday. Stock traders purchased 21,123 call options on the stock. This represents an increase of approximately 60% compared to the typical daily volume of 13,237 call options.

VF Trading Up 0.6 %

Shares of VFC traded up $0.11 during trading hours on Friday, hitting $16.36. The stock had a trading volume of 65,333,408 shares, compared to its average volume of 7,455,491. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.00 and a current ratio of 1.56. The firm has a market cap of $6.37 billion, a P/E ratio of -13.74, a P/E/G ratio of 6.77 and a beta of 1.46. The company's fifty day simple moving average is $23.01 and its 200 day simple moving average is $21.09. VF has a 12-month low of $11.00 and a 12-month high of $29.02.

VF (NYSE:VFC - Get Free Report) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share 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 company posted $0.57 EPS. Equities research analysts forecast that VF will post 0.73 EPS for the current fiscal year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a $0.09 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.36 annualized dividend and a yield of 2.20%. VF's dividend payout ratio is currently -30.25%.

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Institutional Trading of VF

Several large investors have recently added to or reduced their stakes in VFC. Segall Bryant & Hamill LLC increased its holdings in VF by 1.8% in 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 purchasing an additional 65,919 shares in the last quarter. Fiduciary Alliance LLC grew its stake in shares of VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker's stock valued at $5,505,000 after acquiring an additional 16,431 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of VF by 100.0% during 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. acquired a new stake in shares of VF during the fourth quarter valued at about $1,878,000. Finally, CKW Financial Group grew its stake in shares of VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker's stock valued at $47,000 after acquiring an additional 500 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VFC shares. Barclays boosted their target price on VF from $29.00 to $34.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Telsey Advisory Group reiterated a "market perform" rating and set a $27.00 target price on shares of VF in a research report on Friday, March 7th. Wells Fargo & Company lowered their price target on VF from $21.00 to $18.00 and set an "underweight" rating on the stock in a report on Friday, March 7th. Jefferies Financial Group upped their price target on VF from $21.00 to $24.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Finally, Guggenheim upped their price target on VF from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, VF presently 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.