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

V.F. Corporation (NYSE:VFC) was the target of some unusual options trading activity on Tuesday. Traders purchased 40,284 put options on the stock. This represents an increase of 191% compared to the average daily volume of 13,830 put options.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VFC. EverSource Wealth Advisors LLC boosted its stake in V.F. by 59.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 1,027 shares during the last quarter. Rothschild Investment LLC lifted its position in V.F. by 705.8% during the third quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 3,282 shares during the period. Rexford Capital Inc. purchased a new stake in V.F. during the 2nd quarter valued at $48,000. Global Wealth Strategies & Associates purchased a new position in shares of V.F. in the 3rd quarter worth $82,000. Finally, Farther Finance Advisors LLC increased its position in V.F. by 50.1% during the third quarter. Farther Finance Advisors LLC now owns 7,465 shares of the textile maker’s stock valued at $108,000 after acquiring an additional 2,490 shares during the last quarter. Institutional investors own 86.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings upgraded V.F. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 29th. Stifel Nicolaus increased their price target on shares of V.F. from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Guggenheim started coverage on shares of V.F. in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $18.00 price objective (down from $19.00) on shares of V.F. in a research note on Monday, February 23rd. Finally, Piper Sandler increased their price objective on V.F. from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.16.

V.F. Stock Down 0.1%

Shares of NYSE VFC traded down $0.03 on Tuesday, reaching $17.25. 1,070,625 shares of the company’s stock traded hands, compared to its average volume of 6,949,216. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 1.99. The business’s 50 day simple moving average is $19.59 and its two-hundred day simple moving average is $17.11. V.F. has a 12 month low of $9.41 and a 12 month high of $21.92. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 1.19 and a beta of 1.64.

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

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Tuesday, March 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, March 10th. V.F.’s dividend payout ratio is 65.45%.

About V.F.

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.