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

V.F. Co. (NYSE:VFC – Get Rating) was the recipient of some unusual options trading on Tuesday. Traders acquired 29,275 call options on the company. This is an increase of 122% compared to the typical daily volume of 13,181 call options.

V.F. Trading Down 3.0 %

Shares of VFC stock opened at $18.97 on Wednesday. The stock’s fifty day moving average is $21.67 and its two-hundred day moving average is $26.14. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.58 and a current ratio of 1.15. The firm has a market capitalization of $7.37 billion, a P/E ratio of 17.73, a PEG ratio of 2.76 and a beta of 1.44. V.F. has a fifty-two week low of $18.53 and a fifty-two week high of $51.40.

V.F. (NYSE:VFC – Get Rating) last released its quarterly earnings data on Tuesday, May 23rd. The textile maker reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.72 billion. V.F. had a net margin of 3.54% and a return on equity of 27.87%. V.F.’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. Research analysts expect that V.F. will post 2.07 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Monday, June 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.33%. V.F.’s dividend payout ratio (DPR) is 112.15%.

Insider Activity

In other V.F. news, Director Carol L. Roberts acquired 7,109 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average price of $21.07 per share, with a total value of $149,786.63. Following the completion of the purchase, the director now directly owns 7,109 shares in the company, valued at approximately $149,786.63. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On V.F.

A number of hedge funds have recently modified their holdings of the business. Lumature Wealth Partners LLC grew its holdings in shares of V.F. by 6.0% during the 1st quarter. Lumature Wealth Partners LLC now owns 4,153 shares of the textile maker’s stock worth $236,000 after purchasing an additional 236 shares during the period. Utah Retirement Systems lifted its holdings in shares of V.F. by 0.5% in the 3rd quarter. Utah Retirement Systems now owns 62,551 shares of the textile maker’s stock worth $1,871,000 after acquiring an additional 300 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of V.F. by 3.9% in the 3rd quarter. CI Investments Inc. now owns 8,304 shares of the textile maker’s stock worth $248,000 after acquiring an additional 313 shares during the last quarter. Mycio Wealth Partners LLC raised its holdings in shares of V.F. by 1.3% in the 3rd quarter. Mycio Wealth Partners LLC now owns 26,143 shares of the textile maker’s stock valued at $782,000 after buying an additional 333 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of V.F. by 12.1% in the 4th quarter. Parallel Advisors LLC now owns 3,098 shares of the textile maker’s stock valued at $86,000 after buying an additional 334 shares during the period. 96.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of V.F. from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday, February 6th. Wedbush cut their price target on shares of V.F. from $29.00 to $19.00 in a report on Monday. BTIG Research reiterated a “neutral” rating on shares of V.F. in a report on Tuesday, February 7th. Robert W. Baird decreased their price objective on V.F. from $30.00 to $24.00 in a report on Monday, March 20th. Finally, Stifel Nicolaus upgraded shares of V.F. from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, February 10th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.37.

V.F. Company Profile

(Get Rating)

VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, and Work. The Outdoor segment refers to authentic outdoor-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories.