Stock Traders Purchase High Volume of Call Options on VF (NYSE:VFC)

VF Corporation (NYSE:VFC) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 21,123 call options on the stock. This is an increase of approximately 60% compared to the typical daily volume of 13,237 call options.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial reaffirmed a “hold” rating and set a $24.00 target price (up from $20.00) on shares of VF in a research note on Thursday, January 30th. Barclays upped their price objective on VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Jefferies Financial Group lifted their price target on shares of VF from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Wells Fargo & Company cut their target price 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. Finally, Robert W. Baird lifted their price objective on shares of VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC boosted its position in VF by 5.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after acquiring an additional 211,440 shares during the period. CKW Financial Group boosted its holdings in shares of 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 purchasing an additional 500 shares during the period. TB Alternative Assets Ltd. purchased a new stake in VF in the 4th quarter worth approximately $1,878,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in VF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,017 shares of the textile maker’s stock valued at $129,000 after acquiring an additional 3,008 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in VF by 6.8% during the fourth quarter. Fiduciary Alliance LLC now owns 256,531 shares of the textile maker’s stock valued at $5,505,000 after acquiring an additional 16,431 shares during the period. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Stock Performance

Shares of VFC traded down $0.70 during mid-day trading on Tuesday, reaching $15.75. 4,444,499 shares of the company’s stock traded hands, compared to its average volume of 7,252,770. The stock has a market capitalization of $6.13 billion, a P/E ratio of -13.22, 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 quick ratio of 1.00 and a current ratio of 1.56. The business’s 50-day moving average price is $23.46 and its 200-day moving average price is $21.19. VF has a 12 month low of $11.00 and a 12 month high of $29.02.

VF (NYSE:VFC) last issued its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share 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 previous year, the company posted $0.57 EPS. Equities analysts predict that VF will post 0.73 earnings per share for the current year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, March 10th. VF’s dividend payout ratio (DPR) is currently -30.25%.

VF Company Profile

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.