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

VF Corporation (NYSE:VFC) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 30,238 put options on the company. This is an increase of approximately 59% compared to the average volume of 19,041 put options.

Insiders Place Their Bets

In other VF news, Director Richard Carucci bought 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of $16.70 per share, with a total value of $250,500.00. Following the completion of the acquisition, the director now directly owns 230,178 shares of the company’s stock, valued at approximately $3,843,972.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. purchased a new position in VF during the 1st quarter worth approximately $27,000. Future Financial Wealth Managment LLC purchased a new position in VF during the 1st quarter worth approximately $31,000. Bank & Trust Co purchased a new position in VF during the 2nd quarter worth approximately $35,000. Versant Capital Management Inc grew its position in VF by 6,981.1% during the 2nd quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock worth $35,000 after purchasing an additional 2,583 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of VF by 50.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock valued at $41,000 after buying an additional 895 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

Wall Street Analysts Forecast Growth

VFC has been the topic of a number of recent analyst reports. UBS Group lifted their price target on VF from $12.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Argus raised VF to a “hold” rating in a report on Wednesday, August 28th. Barclays raised VF from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $22.00 in a report on Wednesday, September 18th. The Goldman Sachs Group initiated coverage on VF in a report on Friday, October 11th. They set a “neutral” rating and a $20.00 price target on the stock. Finally, StockNews.com cut VF from a “hold” rating to a “sell” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, VF has an average rating of “Hold” and an average target price of $17.24.

VF Trading Down 3.7 %

VF stock opened at $16.56 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of -5.49, a price-to-earnings-growth ratio of 1.99 and a beta of 1.53. VF has a 1 year low of $11.00 and a 1 year high of $21.40. The firm’s 50 day moving average price is $18.54 and its two-hundred day moving average price is $15.50.

VF (NYSE:VFC) last posted its quarterly earnings results on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.15) earnings per share. On average, research analysts predict that VF will post 0.73 EPS for the current fiscal year.

VF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 10th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.36 annualized dividend and a yield of 2.17%. VF’s dividend payout ratio (DPR) is -11.92%.

VF Company Profile

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.