Stock Traders Purchase Large Volume of VF Call Options (VFC)

VF Corp (NYSE:VFC) was the recipient of some unusual options trading activity on Monday. Traders purchased 18,524 call options on the stock. This is an increase of 914% compared to the typical daily volume of 1,826 call options.

In other VF news, VP Scott H. Baxter sold 39,694 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $71.50, for a total transaction of $2,838,121.00. Following the completion of the sale, the vice president now owns 112,202 shares in the company, valued at $8,022,443. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Scott H. Baxter sold 89,822 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $71.14, for a total transaction of $6,389,937.08. Following the sale, the vice president now owns 127,844 shares of the company’s stock, valued at approximately $9,094,822.16. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of VFC. Investec Asset Management LTD acquired a new stake in VF in the fourth quarter worth about $101,867,000. Congress Asset Management Co. MA lifted its holdings in VF by 379.0% in the fourth quarter. Congress Asset Management Co. MA now owns 763,659 shares of the textile maker’s stock worth $56,511,000 after purchasing an additional 604,228 shares during the period. Boston Advisors LLC lifted its holdings in VF by 730.7% in the fourth quarter. Boston Advisors LLC now owns 474,814 shares of the textile maker’s stock worth $35,136,000 after purchasing an additional 417,655 shares during the period. Smith Asset Management Group LP acquired a new stake in VF in the fourth quarter worth about $27,544,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in VF by 88.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 748,905 shares of the textile maker’s stock worth $55,419,000 after purchasing an additional 350,834 shares during the period.

VFC has been the subject of several recent research reports. Cowen set a $69.00 target price on shares of VF and gave the company a “hold” rating in a research note on Monday, October 23rd. UBS Group reiterated a “buy” rating and set a $77.00 target price (up previously from $66.00) on shares of VF in a research note on Tuesday, October 24th. Canaccord Genuity set a $81.00 target price on shares of VF and gave the company a “buy” rating in a research note on Thursday, October 19th. DA Davidson boosted their target price on shares of VF to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, October 24th. Finally, Robert W. Baird reiterated an “average” rating and set a $84.00 target price on shares of VF in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $73.05.

VF (NYSE:VFC) traded up $1.58 during mid-day trading on Wednesday, reaching $83.69. 2,905,066 shares of the company traded hands, compared to its average volume of 2,694,596. The firm has a market capitalization of $33,070.00, a P/E ratio of 34.73, a P/E/G ratio of 2.25 and a beta of 0.91. VF has a 1-year low of $50.07 and a 1-year high of $83.74. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.54.

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VF Company Profile

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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