Investors Purchase Large Volume of Call Options on VF (VFC)

VF Corp (NYSE:VFC) was the target of unusually large options trading activity on Monday. Investors bought 3,202 call options on the stock. This represents an increase of approximately 1,612% compared to the typical daily volume of 187 call options.

VF (NYSE VFC) opened at $76.12 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47. VF has a 52 week low of $48.05 and a 52 week high of $78.70. The company has a market cap of $30,080.00, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.13 and a beta of 0.80.

VF (NYSE:VFC) last issued its earnings results on Monday, October 23rd. The textile maker reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.11. VF had a net margin of 8.24% and a return on equity of 29.22%. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. VF’s quarterly revenue was up 5.4% compared to the same quarter last year. equities analysts predict that VF will post 3.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Friday, December 8th were issued a $0.46 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from VF’s previous quarterly dividend of $0.42. VF’s payout ratio is 76.35%.

A number of brokerages have commented on VFC. Guggenheim restated a “buy” rating and issued a $84.00 target price on shares of VF in a research note on Wednesday. Cowen set a $67.00 price target on shares of VF and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Piper Jaffray Companies upped their price target on shares of VF to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 24th. Robert W. Baird reissued a “buy” rating on shares of VF in a research report on Tuesday, October 17th. Finally, Susquehanna Bancshares reissued a “buy” rating and set a $75.00 target price on shares of VF in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. VF has an average rating of “Hold” and a consensus target price of $68.43.

In related news, Director Clarence Otis, Jr. sold 12,552 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $69.37, for a total transaction of $870,732.24. Following the transaction, the director now directly owns 26,053 shares in the company, valued at approximately $1,807,296.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Aidan O’meara sold 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $69.97, for a total transaction of $349,850.00. Following the transaction, the vice president now owns 96,344 shares in the company, valued at $6,741,189.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,660 shares of company stock worth $18,035,832. Corporate insiders own 1.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Thrivent Financial For Lutherans grew its holdings in shares of VF by 5.3% in the second quarter. Thrivent Financial For Lutherans now owns 112,648 shares of the textile maker’s stock valued at $6,489,000 after purchasing an additional 5,655 shares in the last quarter. First Merchants Corp grew its holdings in VF by 8.1% during the 3rd quarter. First Merchants Corp now owns 69,631 shares of the textile maker’s stock worth $4,425,000 after acquiring an additional 5,201 shares in the last quarter. Oak Ridge Investments LLC grew its holdings in VF by 27.1% during the 3rd quarter. Oak Ridge Investments LLC now owns 176,542 shares of the textile maker’s stock worth $11,223,000 after acquiring an additional 37,613 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in VF by 16.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 398,071 shares of the textile maker’s stock worth $25,305,000 after acquiring an additional 57,581 shares in the last quarter. Finally, Columbia Asset Management grew its holdings in VF by 468.6% during the 2nd quarter. Columbia Asset Management now owns 23,655 shares of the textile maker’s stock worth $1,362,000 after acquiring an additional 19,495 shares in the last quarter.

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About VF

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

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