Traders Buy Large Volume of V.F. Call Options (NYSE:VFC)

V.F. Co. (NYSE:VFC) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 65,725 call options on the company. This is an increase of approximately 220% compared to the typical daily volume of 20,554 call options.

Insider Buying and Selling at V.F.

In other V.F. news, insider Bracken Darrell bought 75,200 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average price of $13.26 per share, with a total value of $997,152.00. Following the completion of the purchase, the insider now owns 219,972 shares in the company, valued at $2,916,828.72. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Richard Carucci acquired 25,000 shares of V.F. stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of $13.78 per share, for a total transaction of $344,500.00. Following the transaction, the director now directly owns 215,130 shares of the company’s stock, valued at approximately $2,964,491.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bracken Darrell acquired 75,200 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were bought at an average cost of $13.26 per share, for a total transaction of $997,152.00. Following the transaction, the insider now directly owns 219,972 shares in the company, valued at $2,916,828.72. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On V.F.

Institutional investors and hedge funds have recently made changes to their positions in the business. Eagle Bay Advisors LLC bought a new position in V.F. during the fourth quarter valued at approximately $25,000. Mather Group LLC. purchased a new stake in V.F. during the 1st quarter valued at about $27,000. Future Financial Wealth Managment LLC bought a new position in V.F. during the 1st quarter worth approximately $31,000. Allworth Financial LP increased its stake in V.F. by 111.5% in the 4th quarter. Allworth Financial LP now owns 1,817 shares of the textile maker’s stock worth $34,000 after purchasing an additional 958 shares during the period. Finally, Bank & Trust Co bought a new stake in V.F. in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 86.84% of the company’s stock.

Analyst Ratings Changes

VFC has been the subject of a number of research reports. UBS Group reduced their price objective on V.F. from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Wells Fargo & Company upped their price objective on shares of V.F. from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday. Bank of America reduced their price objective on shares of V.F. from $13.00 to $11.00 and set an “underperform” rating for the company in a report on Thursday, May 23rd. The Goldman Sachs Group lowered their target price on shares of V.F. from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Finally, Evercore ISI raised their price objective on V.F. from $14.00 to $16.00 and gave the company an “in-line” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, V.F. has an average rating of “Hold” and a consensus price target of $15.19.

V.F. Stock Performance

V.F. stock traded up $2.11 during mid-day trading on Wednesday, reaching $18.55. The company’s stock had a trading volume of 7,779,263 shares, compared to its average volume of 8,719,440. The company has a market capitalization of $7.22 billion, a P/E ratio of -7.46, a PEG ratio of 1.24 and a beta of 1.52. The firm’s fifty day moving average price is $14.31 and its two-hundred day moving average price is $14.46. V.F. has a 12-month low of $11.00 and a 12-month high of $21.17. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.71 and a current ratio of 1.22.

V.F. (NYSE:VFC) last released its quarterly earnings data on Tuesday, August 6th. The textile maker reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.04. V.F. had a positive return on equity of 13.14% and a negative net margin of 9.27%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company posted ($0.15) EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. Sell-side analysts predict that V.F. will post 0.85 EPS for the current fiscal year.

V.F. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 10th were given a dividend of $0.09 per share. The ex-dividend date was Monday, June 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.94%. V.F.’s dividend payout ratio (DPR) is currently -14.40%.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.