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

V.F. Corporation (NYSE:VFC) saw unusually large options trading on Tuesday. Stock investors acquired 40,284 put options on the company. This is an increase of 191% compared to the average volume of 13,830 put options.

Insider Activity

In related news, Director Juliana L. Chugg sold 6,678 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $21.30, for a total value of $142,241.40. Following the transaction, the director directly owned 40 shares in the company, valued at $852. This trade represents a 99.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of V.F.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC lifted its holdings in V.F. by 43.4% during the third quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock worth $71,257,000 after acquiring an additional 1,495,148 shares during the period. Russell Investments Group Ltd. increased its position in shares of V.F. by 104.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 567,886 shares of the textile maker’s stock valued at $6,673,000 after purchasing an additional 290,444 shares during the last quarter. Fiduciary Alliance LLC increased its position in shares of V.F. by 22.0% during the 3rd quarter. Fiduciary Alliance LLC now owns 586,877 shares of the textile maker’s stock valued at $8,469,000 after purchasing an additional 105,786 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of V.F. by 21.3% during the 2nd quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock valued at $6,740,000 after purchasing an additional 100,680 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of V.F. by 115.2% during the 3rd quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock valued at $1,644,000 after purchasing an additional 60,998 shares during the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VFC shares. Wells Fargo & Company raised their price objective on shares of V.F. from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 16th. Wall Street Zen raised shares of V.F. from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Citigroup raised their price target on shares of V.F. from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Truist Financial set a $18.00 price target on V.F. in a research note on Wednesday, January 14th. Finally, UBS Group reissued a “neutral” rating and set a $20.00 price objective on shares of V.F. in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, V.F. presently has an average rating of “Hold” and a consensus price target of $18.16.

V.F. Stock Performance

NYSE VFC opened at $16.36 on Thursday. V.F. has a 1 year low of $9.41 and a 1 year high of $21.92. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.55 and a quick ratio of 1.03. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.16 and a beta of 1.64. The company has a fifty day moving average price of $19.53 and a 200-day moving average price of $17.13.

V.F. (NYSE:VFC) last released its quarterly earnings results on Wednesday, January 28th. The textile maker reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.15. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the firm earned $0.62 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts predict that V.F. will post 0.73 EPS for the current fiscal year.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, March 10th. V.F.’s payout ratio is presently 65.45%.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.