VF Sees Unusually High Options Volume (VFC)

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

VFC has been the topic of several recent research reports. Cowen set a $79.00 target price on shares of VF and gave the company a “hold” rating in a report on Monday, February 5th. ValuEngine raised shares of VF from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Stifel Nicolaus raised shares of VF from a “hold” rating to a “buy” rating and increased their target price for the company from $78.00 to $91.00 in a report on Sunday, February 11th. Piper Jaffray set a $89.00 target price on shares of VF and gave the company a “buy” rating in a report on Friday, February 16th. Finally, TheStreet lowered shares of VF from a “b+” rating to a “c+” rating in a report on Friday, February 16th. Two equities 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 company has an average rating of “Hold” and an average price target of $75.55.

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NYSE:VFC opened at $77.49 on Friday. VF has a 12 month low of $51.22 and a 12 month high of $84.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.60 and a quick ratio of 0.98. The stock has a market capitalization of $30,223.84, a PE ratio of 24.74, a P/E/G ratio of 2.16 and a beta of 0.93.

VF (NYSE:VFC) last posted its earnings results on Friday, February 16th. The textile maker reported $1.01 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. research analysts forecast that VF will post 3.45 earnings per share for the current year.

The business 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. The ex-dividend date was Thursday, March 8th. This represents a $1.84 annualized dividend and a dividend yield of 2.37%. VF’s dividend payout ratio is 61.74%.

Several large investors have recently bought and sold shares of VFC. Segall Bryant & Hamill LLC lifted its position in shares of VF by 0.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 234,473 shares of the textile maker’s stock worth $14,905,000 after purchasing an additional 1,346 shares during the period. Garde Capital Inc. purchased a new stake in shares of VF in the 3rd quarter worth about $967,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of VF in the 3rd quarter worth about $1,556,000. Parametric Portfolio Associates LLC lifted its position in shares of VF by 8.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,000,746 shares of the textile maker’s stock worth $63,617,000 after purchasing an additional 73,716 shares during the period. Finally, Pensionfund DSM Netherlands purchased a new stake in shares of VF in the 4th quarter worth about $3,700,000. 85.48% of the stock is owned by hedge funds and other institutional investors.

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About VF

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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