V.F. Target of Unusually High Options Trading (NYSE:VFC)

V.F. Corporation (NYSE:VFC) saw unusually large options trading on Tuesday. Stock investors purchased 100,155 put options on the company. This represents an increase of 1,017% compared to the average daily volume of 8,966 put options.

Insider Transactions at V.F.

In other news, Director Richard Carucci purchased 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average cost of $17.17 per share, for a total transaction of $515,100.00. Following the acquisition, the director owned 336,043 shares of the company’s stock, valued at approximately $5,769,858.31. This trade represents a 9.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On V.F.

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of V.F. by 59.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,748 shares of the textile maker’s stock worth $40,000 after purchasing an additional 1,027 shares during the period. Parallel Advisors LLC lifted its position in shares of V.F. by 27.9% in the 1st quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock worth $46,000 after purchasing an additional 588 shares during the period. Root Financial Partners LLC lifted its position in shares of V.F. by 282.9% in the 1st quarter. Root Financial Partners LLC now owns 3,052 shares of the textile maker’s stock worth $52,000 after purchasing an additional 2,255 shares during the period. Rothschild Investment LLC lifted its position in shares of V.F. by 705.8% in the 3rd quarter. Rothschild Investment LLC now owns 3,747 shares of the textile maker’s stock worth $54,000 after purchasing an additional 3,282 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of V.F. by 30.5% in the 4th quarter. GAMMA Investing LLC now owns 10,987 shares of the textile maker’s stock worth $199,000 after purchasing an additional 2,570 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

V.F. Trading Down 0.4%

Shares of NYSE:VFC traded down $0.06 on Tuesday, hitting $17.91. 1,766,482 shares of the company’s stock were exchanged, compared to its average volume of 7,252,405. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.84 and a quick ratio of 1.21. The business’s 50 day simple moving average is $18.00 and its two-hundred day simple moving average is $18.45. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.42 and a beta of 1.57. V.F. has a 12 month low of $11.06 and a 12 month high of $22.27.

V.F. (NYSE:VFC) last released its quarterly earnings data on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.28). The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. V.F. had a net margin of 2.65% and a return on equity of 21.05%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. Analysts anticipate that V.F. will post 1.1 EPS for the current fiscal year.

V.F. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Wednesday, June 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, June 10th. V.F.’s dividend payout ratio is presently 56.25%.

V.F. News Summary

Here are the key news stories impacting V.F. this week:

• Positive Sentiment: Analysts remain generally constructive on V.F. Corporation, with recent buy/positive ratings and multiple price targets near or above current levels, suggesting some Wall Street support for the stock.
• Neutral Sentiment: Recent fund activity shows a mixed institutional picture, with some large investors adding to VFC while others reduced holdings, pointing to divided views on the turnaround.
• Neutral Sentiment: Trading data showed unusually high put-option volume, which can indicate rising demand for downside protection and reflects caution among traders rather than a clear fundamental change.
• Negative Sentiment: V.F. Corporation’s most recent earnings report missed EPS expectations, reinforcing concerns that profitability is still lagging even as revenue improved.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VFC shares. BTIG Research upgraded shares of V.F. from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Wednesday, May 6th. Truist Financial decreased their target price on V.F. from $18.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 21st. Citigroup started coverage on V.F. in a research report on Thursday, May 21st. They set a “neutral” rating and a $18.00 target price for the company. Wells Fargo & Company decreased their target price on V.F. from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Finally, Evercore set a $18.00 target price on V.F. in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.58.

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.