Stock Traders Buy Large Volume of Call Options on VF (NYSE:VFC)

VF Corporation (NYSE:VFC) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 21,123 call options on the company. This is an increase of 60% compared to the typical volume of 13,237 call options.

VF Price Performance

Shares of NYSE:VFC opened at $15.88 on Wednesday. VF has a 1-year low of $11.00 and a 1-year high of $29.02. The firm has a market capitalization of $6.18 billion, a PE ratio of -13.34, a PEG ratio of 6.77 and a beta of 1.46. The business’s 50 day moving average is $23.35 and its 200-day moving average is $21.17. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same quarter last year, the firm posted $0.57 EPS. Sell-side analysts predict that VF will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.27%. The ex-dividend date is Monday, March 10th. VF’s dividend payout ratio is -30.25%.

Institutional Trading of VF

Institutional investors have recently bought and sold shares of the stock. CKW Financial Group boosted its stake in VF by 29.4% in the 4th quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in VF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after buying an additional 3,008 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in VF in the 4th quarter valued at $1,878,000. Fiduciary Alliance LLC boosted its stake in VF by 6.8% in the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock worth $5,505,000 after purchasing an additional 16,431 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock worth $73,084,000 after purchasing an additional 65,919 shares in the last quarter. Institutional investors and hedge funds own 86.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on VFC. Robert W. Baird upped their price objective on shares of VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Argus raised shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, December 17th. Guggenheim upped their price objective on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price objective on shares of VF in a research report on Friday, March 7th. Finally, The Goldman Sachs Group upped their price objective on shares of VF from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.90.

VF 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.