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

V.F. Corporation (NYSE:VFC) saw some unusual options trading activity on Tuesday. Traders acquired 22,249 put options on the stock. This represents an increase of approximately 45% compared to the typical volume of 15,366 put options.

Analyst Ratings Changes

Several equities analysts have weighed in on VFC shares. Wells Fargo & Company increased their price objective on V.F. from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Tuesday, December 16th. Truist Financial set a $18.00 price target on V.F. in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on V.F. from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. The Goldman Sachs Group boosted their price objective on V.F. from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, UBS Group reiterated a “neutral” rating and set a $20.00 target price on shares of V.F. in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.22.

V.F. Price Performance

Shares of NYSE:VFC opened at $20.08 on Wednesday. The company has a 50 day moving average of $19.44 and a 200 day moving average of $16.45. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 1.99. The stock has a market cap of $7.86 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.38 and a beta of 1.65. V.F. has a 12 month low of $9.41 and a 12 month high of $26.69.

V.F. (NYSE:VFC) last announced its quarterly earnings results on Wednesday, January 28th. The textile maker reported $0.58 EPS for the quarter, beating the consensus estimate of $0.43 by $0.15. V.F. had a net margin of 2.33% and a return on equity of 19.08%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that V.F. will post 0.73 EPS for the current fiscal year.

V.F. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, March 10th. V.F.’s dividend payout ratio is currently 65.45%.

Insider Transactions at V.F.

In other V.F. news, Director Juliana L. Chugg sold 6,678 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $21.30, for a total value of $142,241.40. Following the transaction, the director directly owned 40 shares in the company, valued at $852. The trade was a 99.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VFC. Russell Investments Group Ltd. raised its stake in V.F. by 14.0% in the fourth quarter. Russell Investments Group Ltd. now owns 659,773 shares of the textile maker’s stock valued at $11,930,000 after purchasing an additional 81,006 shares in the last quarter. Captrust Financial Advisors grew its stake in V.F. by 28.0% in the 4th quarter. Captrust Financial Advisors now owns 90,873 shares of the textile maker’s stock worth $1,643,000 after buying an additional 19,880 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of V.F. by 0.8% in the 4th quarter. New York State Common Retirement Fund now owns 540,861 shares of the textile maker’s stock worth $9,779,000 after buying an additional 4,249 shares during the last quarter. Optimize Financial Inc raised its position in shares of V.F. by 1.5% during the 4th quarter. Optimize Financial Inc now owns 40,379 shares of the textile maker’s stock valued at $730,000 after buying an additional 580 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of V.F. by 151.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,915 shares of the textile maker’s stock valued at $125,000 after buying an additional 4,167 shares in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.