VF Target of Unusually High Options Trading (VFC)

VF Co. (NYSE:VFC) saw some unusual options trading on Thursday. Stock traders acquired 7,121 put options on the company. This is an increase of approximately 1,195% compared to the typical volume of 550 put options.

Shares of NYSE:VFC opened at $77.49 on Friday. VF has a 52-week low of $51.22 and a 52-week high of $84.38. The company has a market capitalization of $29,462.20, a PE ratio of 26.00, a PEG ratio of 2.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.60 and a quick ratio of 0.98.

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VF (NYSE:VFC) last announced its earnings results on Friday, February 16th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.01). VF had a return on equity of 31.49% and a net margin of 5.08%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue was up 20.1% on a year-over-year basis. equities research analysts forecast that VF will post 3.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, March 9th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, March 8th. VF’s dividend payout ratio is currently 61.74%.

Several large investors have recently made changes to their positions in VFC. Cerebellum GP LLC bought a new position in shares of VF in the 4th quarter worth approximately $131,000. Carroll Financial Associates Inc. grew its stake in shares of VF by 368.3% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,051 shares of the textile maker’s stock worth $151,000 after buying an additional 1,613 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of VF in the 4th quarter worth approximately $205,000. Investment Partners Ltd. OH ADV purchased a new stake in shares of VF in the 4th quarter worth approximately $207,000. Finally, Mission Wealth Management LP purchased a new stake in shares of VF in the 4th quarter worth approximately $207,000. 85.48% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on VFC shares. Stifel Nicolaus set a $78.00 target price on VF and gave the company a “hold” rating in a research note on Saturday, December 16th. Robert W. Baird reaffirmed an “average” rating and set a $84.00 price target on shares of VF in a research report on Wednesday, January 3rd. Guggenheim reaffirmed a “buy” rating and set a $84.00 price target on shares of VF in a research report on Wednesday, January 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $90.00 price target (up previously from $81.00) on shares of VF in a research report on Monday, January 29th. Finally, Susquehanna Bancshares reaffirmed a “buy” rating and set a $95.00 price target on shares of VF in a research report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $75.55.

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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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