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

V.F. Corporation (NYSE:VFC) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 20,552 put options on the company. This represents an increase of 125% compared to the average volume of 9,117 put options.

V.F. Stock Performance

Shares of VFC stock traded down $0.12 during trading hours on Tuesday, reaching $16.75. 986,044 shares of the company traded hands, compared to its average volume of 7,074,911. V.F. has a 12-month low of $11.10 and a 12-month high of $22.27. 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 company has a market cap of $6.57 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.35 and a beta of 1.56. The firm has a 50-day moving average price of $17.07 and a 200 day moving average price of $18.22.

V.F. (NYSE:VFC) last released its earnings results on Wednesday, May 20th. The textile maker reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.28). V.F. had a return on equity of 21.05% and a net margin of 2.65%.The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the company posted ($0.13) earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that V.F. will post 1.1 earnings per share for the current fiscal year.

V.F. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Wednesday, June 10th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.1%. V.F.’s dividend payout ratio is 56.25%.

Analysts Set New Price Targets

VFC has been the subject of a number of recent research reports. Evercore set a $18.00 price target on V.F. in a research note on Thursday, May 21st. Weiss Ratings cut shares of V.F. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Citigroup began coverage on shares of V.F. in a research report on Thursday, May 21st. They set a “neutral” rating and a $18.00 target price for the company. Truist Financial reduced their target price on shares of V.F. from $18.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Finally, Wells Fargo & Company decreased their price target on shares of V.F. from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.58.

Insider Activity at V.F.

In other news, Director Richard Carucci acquired 30,000 shares of V.F. stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average price of $17.17 per share, for a total transaction of $515,100.00. Following the completion of the transaction, the director owned 336,043 shares in the company, valued at $5,769,858.31. The trade was a 9.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of V.F. by 1.9% in the third quarter. Russell Investments Group Ltd. now owns 578,767 shares of the textile maker’s stock valued at $8,352,000 after acquiring an additional 10,881 shares in the last quarter. GAMMA Investing LLC grew its position in shares of V.F. by 30.5% during the fourth 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 in the last quarter. Fiduciary Alliance LLC raised its stake in V.F. by 10.3% during the 4th quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock valued at $11,707,000 after purchasing an additional 60,619 shares during the period. Quent Capital LLC raised its stake in V.F. by 1,635.2% during the 4th quarter. Quent Capital LLC now owns 13,170 shares of the textile maker’s stock valued at $238,000 after purchasing an additional 12,411 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in V.F. by 19.1% in the 4th quarter. Handelsbanken Fonder AB now owns 112,000 shares of the textile maker’s stock worth $2,025,000 after purchasing an additional 18,000 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.

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.