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.
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%.
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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.
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