Traders Purchase Large Volume of Put Options on VF Corp. (VFC)
Shares of VF Corp. (NYSE:VFC) saw some unusual options trading on Thursday. Stock traders bought 6,898 put options on the company, Analyst Ratings News reports. This represents an increase of 444% compared to the typical volume of 1,267 put options.
A number of research firms have recently commented on VFC. Analysts at Nomura initiated coverage on shares of VF Corp. in a research note on Wednesday. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of VF Corp. in a research note on Wednesday. They set an “equal weight” rating on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of VF Corp. from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $176.00.
VF Corp. (NYSE:VFC) traded up 0.94% on Thursday, hitting $59.89. 3,299,192 shares of the company’s stock traded hands. VF Corp. has a one year low of $37.575 and a one year high of $63.45. The stock’s 50-day moving average is $59.72 and its 200-day moving average is $54.09. The company has a market cap of $26.370 billion and a price-to-earnings ratio of 22.53.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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