Stock Traders Buy High Volume of Put Options on V.F. (NYSE:VFC)

V.F. Corporation (NYSE:VFC) saw some unusual options trading on Tuesday. Investors acquired 23,595 put options on the company. This is an increase of 51% compared to the typical daily volume of 15,583 put options.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VFC shares. Baird R W upgraded shares of V.F. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Barclays cut their price objective on shares of V.F. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Jefferies Financial Group set a $14.00 target price on shares of V.F. and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Stifel Nicolaus downgraded shares of V.F. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $15.00 to $16.00 in a research note on Tuesday, September 16th. Finally, Piper Sandler raised their price objective on V.F. from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.62.

V.F. Trading Up 5.4%

NYSE:VFC opened at $19.16 on Thursday. The firm has a market capitalization of $7.48 billion, a P/E ratio of 87.07, a P/E/G ratio of 1.83 and a beta of 1.67. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 2.40. The company has a fifty day moving average of $15.56 and a 200 day moving average of $13.99. V.F. has a 52 week low of $9.41 and a 52 week high of $29.02.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Tuesday, October 28th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.73 billion. V.F. had a net margin of 0.95% and a return on equity of 20.34%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. On average, research analysts predict that V.F. will post 0.73 earnings per share for the current year.

V.F. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Wednesday, December 10th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $0.36 annualized dividend and a yield of 1.9%. V.F.’s dividend payout ratio (DPR) is 163.64%.

Institutional Investors Weigh In On V.F.

A number of large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of V.F. by 59.7% during the third quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after buying an additional 1,027 shares during the period. Rexford Capital Inc. bought a new stake in V.F. in the second quarter valued at $48,000. Rothschild Investment LLC increased its position in V.F. by 705.8% during the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 3,282 shares during the period. Farther Finance Advisors LLC raised its holdings in V.F. by 94.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,975 shares of the textile maker’s stock worth $58,000 after purchasing an additional 2,421 shares in the last quarter. Finally, Global Wealth Strategies & Associates bought a new position in V.F. in the 3rd quarter worth $82,000. 86.84% of the stock is currently owned by institutional investors.

V.F. Company Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.