V.F. Sees Unusually Large Options Volume (NYSE:VFC)

V.F. Co. (NYSE:VFC) saw some unusual options trading activity on Wednesday. Investors bought 22,809 put options on the company. This is an increase of 13% compared to the average volume of 20,237 put options.

Insider Buying and Selling at V.F.

In other news, Director Richard Carucci bought 15,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the completion of the purchase, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other V.F. news, Director Richard Carucci acquired 15,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the acquisition, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bracken Darrell bought 75,200 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $13.26 per share, with a total value of $997,152.00. Following the purchase, the insider now owns 219,972 shares of the company’s stock, valued at $2,916,828.72. The disclosure for this purchase can be found here. In the last three months, insiders have bought 115,200 shares of company stock valued at $1,592,152. Insiders own 0.70% of the company’s stock.

Institutional Trading of V.F.

Several hedge funds and other institutional investors have recently made changes to their positions in VFC. Eagle Bay Advisors LLC acquired a new stake in shares of V.F. during the 4th quarter valued at approximately $25,000. Mather Group LLC. acquired a new position in V.F. during the first quarter worth $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of V.F. in the first quarter valued at $31,000. Bank & Trust Co purchased a new stake in shares of V.F. in the 2nd quarter worth about $35,000. Finally, Versant Capital Management Inc boosted its position in shares of V.F. by 6,981.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after buying an additional 2,583 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Wall Street Analyst Weigh In

VFC has been the subject of several research analyst reports. Robert W. Baird upped their price objective on shares of V.F. from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Telsey Advisory Group boosted their price objective on V.F. from $15.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group decreased their price objective on V.F. from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Thursday, May 23rd. Wedbush reaffirmed a “neutral” rating and issued a $13.00 target price on shares of V.F. in a report on Monday, August 5th. Finally, Wells Fargo & Company increased their price target on shares of V.F. from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.50.

V.F. Trading Down 4.4 %

NYSE VFC opened at $18.00 on Thursday. V.F. has a 52-week low of $11.00 and a 52-week high of $20.69. The firm has a 50-day moving average price of $15.97 and a 200 day moving average price of $14.60. The stock has a market capitalization of $7.01 billion, a P/E ratio of -7.20, a P/E/G ratio of 1.88 and a beta of 1.53. The company has a quick ratio of 0.51, a current ratio of 0.99 and a debt-to-equity ratio of 2.84.

V.F. (NYSE:VFC) last issued its earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.04. V.F. had a positive return on equity of 11.75% and a negative net margin of 11.39%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted ($0.15) EPS. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities research analysts expect that V.F. will post 0.79 EPS for the current year.

V.F. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.00%. V.F.’s dividend payout ratio (DPR) is presently -14.40%.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.