VF Sees Unusually Large Options Volume (NYSE:VFC)

VF Corp (NYSE:VFC) was the target of unusually large options trading activity on Thursday. Stock investors purchased 13,171 call options on the stock. This represents an increase of approximately 2,001% compared to the typical daily volume of 627 call options.

In other VF news, CEO Steven E. Rendle sold 155,582 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $91.40, for a total transaction of $14,220,194.80. Following the transaction, the chief executive officer now owns 302,013 shares of the company’s stock, valued at approximately $27,603,988.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kevin Bailey sold 21,314 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $83.14, for a total value of $1,772,045.96. Following the completion of the transaction, the vice president now owns 71,241 shares in the company, valued at $5,922,976.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,826 shares of company stock worth $17,535,241. 0.74% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of VFC. Cullen Frost Bankers Inc. raised its position in shares of VF by 7.9% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 3,275 shares of the textile maker’s stock valued at $291,000 after acquiring an additional 240 shares during the period. Dearborn Partners LLC increased its stake in VF by 3.4% in the third quarter. Dearborn Partners LLC now owns 322,684 shares of the textile maker’s stock valued at $28,715,000 after purchasing an additional 10,556 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its stake in VF by 6.1% in the third quarter. Smith Shellnut Wilson LLC ADV now owns 3,894 shares of the textile maker’s stock valued at $347,000 after purchasing an additional 224 shares in the last quarter. SG Americas Securities LLC raised its holdings in VF by 7.7% in the third quarter. SG Americas Securities LLC now owns 104,073 shares of the textile maker’s stock worth $9,261,000 after purchasing an additional 7,409 shares during the period. Finally, Resources Management Corp CT ADV acquired a new stake in VF in the third quarter worth $8,841,000.

A number of equities research analysts have recently weighed in on the company. Pivotal Research boosted their target price on VF from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Tuesday. Susquehanna Bancshares reiterated a “buy” rating and issued a $119.00 price target on shares of VF in a report on Tuesday. ValuEngine cut VF from a “buy” rating to a “hold” rating in a report on Friday, November 29th. Barclays assumed coverage on VF in a research report on Tuesday, November 12th. They issued an “overweight” rating and a $103.00 price objective for the company. Finally, Credit Suisse Group boosted their price objective on VF from $104.00 to $116.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. VF has an average rating of “Buy” and an average price target of $101.83.

VFC stock opened at $85.41 on Friday. VF has a twelve month low of $76.77 and a twelve month high of $100.25. The company has a quick ratio of 1.20, a current ratio of 1.99 and a debt-to-equity ratio of 0.67. The company has a market cap of $37.79 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The business’s fifty day moving average is $95.67 and its 200-day moving average is $88.55.

VF (NYSE:VFC) last announced its quarterly earnings data on Thursday, January 23rd. The textile maker reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.02. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.43 billion. VF had a return on equity of 32.04% and a net margin of 10.07%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 earnings per share. Research analysts anticipate that VF will post 3.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.25%. VF’s dividend payout ratio (DPR) is currently 50.79%.

VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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