VF Target of Unusually Large Options Trading (NYSE:VFC)

VF Corporation (NYSE:VFC) saw unusually large options trading activity on Thursday. Traders purchased 20,912 put options on the company. This is an increase of 37% compared to the average daily volume of 15,304 put options.

VF Price Performance

Shares of NYSE:VFC traded down $0.48 during midday trading on Thursday, hitting $16.27. The company had a trading volume of 4,529,833 shares, compared to its average volume of 6,284,553. VF has a twelve month low of $11.00 and a twelve month high of $29.02. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of -13.69, a price-to-earnings-growth ratio of 6.77 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.56 and a quick ratio of 1.00. The business’s 50-day simple moving average is $23.76 and its 200-day simple moving average is $21.20.

VF (NYSE:VFC) last issued its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 14.86% and a negative net margin of 4.63%. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, research analysts predict that VF will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a $0.09 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 2.21%. VF’s dividend payout ratio (DPR) is -30.25%.

Institutional Trading of VF

Several institutional investors have recently made changes to their positions in the company. CKW Financial Group increased its stake in VF by 29.4% during the fourth quarter. CKW Financial Group now owns 2,200 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of VF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock worth $129,000 after purchasing an additional 3,008 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of VF during the 4th quarter worth about $1,878,000. Fiduciary Alliance LLC raised its holdings in VF by 6.8% in the 4th quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after buying an additional 16,431 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its position in VF by 1.8% in the third quarter. Segall Bryant & Hamill LLC now owns 3,663,341 shares of the textile maker’s stock valued at $73,084,000 after buying an additional 65,919 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VFC shares. Wells Fargo & Company dropped their price objective on shares of VF from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 7th. OTR Global upgraded VF from a “mixed” rating to a “positive” rating in a research note on Friday, January 10th. Truist Financial restated a “hold” rating and issued a $24.00 target price (up previously from $20.00) on shares of VF in a research note on Thursday, January 30th. Jefferies Financial Group boosted their price target on VF from $21.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Finally, Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, VF has an average rating of “Hold” and an average price target of $22.90.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.