Traders Buy High Volume of VF Corp Call Options (VFC)
VF Corp (NYSE:VFC) saw unusually large options trading on Friday. Traders acquired 5,272 call options on the stock, American Banking & Market News reports. This represents an increase of approximately 1,118% compared to the average daily volume of 433 call options.
In other VF Corp news, VP Scott H. Baxter unloaded 82,368 shares of VF Corp stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $64.65, for a total value of $5,325,091.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on VFC. Analysts at Zacks reiterated a “neutral” rating on shares of VF Corp in a research note on Friday, August 1st. They now have a $64.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of VF Corp in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock, up previously from $61.00. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of VF Corp in a research note on Monday, July 21st. They now have a $69.00 price target on the stock. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $88.16.
VF Corp (NYSE:VFC) traded up 0.47% on Friday, hitting $64.12. 1,100,442 shares of the company’s stock traded hands. VF Corp has a 52 week low of $46.405 and a 52 week high of $64.74. The stock has a 50-day moving average of $62.27 and a 200-day moving average of $61.52. The company has a market cap of $27.642 billion and a P/E ratio of 22.51.
VF Corp (NYSE:VFC) last issued its quarterly earnings data on Friday, July 18th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.01. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company posted $0.32 earnings per share. VF Corp’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that VF Corp will post $3.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Tuesday, September 9th will be given a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, September 5th.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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