Investors Purchase Large Volume of Call Options on VF (VFC)

VF Corp (NYSE:VFC) was the recipient of unusually large options trading on Monday. Investors bought 3,202 call options on the stock. This is an increase of 1,612% compared to the typical daily volume of 187 call options.

A number of brokerages recently commented on VFC. Guggenheim reaffirmed a “buy” rating and issued a $84.00 target price on shares of VF in a research report on Wednesday. Robert W. Baird reissued an “average” rating and set a $84.00 price objective on shares of VF in a report on Wednesday, January 3rd. Stifel Nicolaus set a $78.00 target price on VF and gave the company a “hold” rating in a report on Saturday, December 16th. KeyCorp reaffirmed a “hold” rating on shares of VF in a report on Tuesday, October 31st. Finally, Citigroup upped their target price on VF from $59.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. VF presently has an average rating of “Hold” and a consensus target price of $68.43.

In other news, VP Aidan O’meara sold 5,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $69.97, for a total value of $349,850.00. Following the transaction, the vice president now directly owns 96,344 shares of the company’s stock, valued at approximately $6,741,189.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Clarence Otis, Jr. sold 12,552 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $69.37, for a total value of $870,732.24. Following the completion of the transaction, the director now directly owns 26,053 shares in the company, valued at $1,807,296.61. The disclosure for this sale can be found here. Insiders have sold a total of 254,660 shares of company stock worth $18,035,832 over the last ninety days. Company insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of VFC. Schroder Investment Management Group lifted its holdings in VF by 22.8% in the second quarter. Schroder Investment Management Group now owns 966,792 shares of the textile maker’s stock worth $55,039,000 after buying an additional 179,455 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in VF in the second quarter worth about $290,000. Columbia Asset Management lifted its holdings in VF by 468.6% in the second quarter. Columbia Asset Management now owns 23,655 shares of the textile maker’s stock worth $1,362,000 after buying an additional 19,495 shares during the period. Oak Ridge Investments LLC lifted its holdings in VF by 7.7% in the second quarter. Oak Ridge Investments LLC now owns 138,929 shares of the textile maker’s stock worth $8,002,000 after buying an additional 9,980 shares during the period. Finally, Bahl & Gaynor Inc. lifted its holdings in VF by 70.8% in the second quarter. Bahl & Gaynor Inc. now owns 46,338 shares of the textile maker’s stock worth $2,472,000 after buying an additional 19,213 shares during the period.

VF (NYSE VFC) opened at $76.12 on Thursday. VF has a 12 month low of $48.05 and a 12 month high of $78.70. The stock has a market capitalization of $30,080.00, a PE ratio of 31.59, a PEG ratio of 2.13 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47.

VF (NYSE:VFC) last posted its earnings results on Monday, October 23rd. The textile maker reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.40 billion. VF had a net margin of 8.24% and a return on equity of 29.22%. VF’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. sell-side analysts anticipate that VF will post 3.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Friday, December 8th were issued a $0.46 dividend. The ex-dividend date was Thursday, December 7th. This is a positive change from VF’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.42%. VF’s dividend payout ratio (DPR) is 76.35%.

ILLEGAL ACTIVITY NOTICE: “Investors Purchase Large Volume of Call Options on VF (VFC)” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/11/investors-purchase-large-volume-of-call-options-on-vf-vfc.html.

About VF

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply