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

VF Corporation (NYSE:VFC) was the target of unusually large options trading on Thursday. Investors acquired 20,912 put options on the stock. This is an increase of 37% compared to the typical volume of 15,304 put options.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Guggenheim lifted their price target on shares of VF from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group lifted their target price on shares of VF from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Telsey Advisory Group restated a “market perform” rating and set a $27.00 price target on shares of VF in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on VF from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets increased their target price on VF from $14.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, VF has a consensus rating of “Hold” and an average target price of $22.90.

Hedge Funds Weigh In On VF

A number of hedge funds have recently made changes to their positions in VFC. Segall Bryant & Hamill LLC boosted its position in shares of VF by 5.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker’s stock worth $83,153,000 after buying an additional 211,440 shares during the period. Fiduciary Alliance LLC boosted its holdings in VF by 6.8% during the 4th 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. TB Alternative Assets Ltd. acquired a new position in VF in the 4th quarter valued at about $1,878,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in VF by 100.0% during the fourth 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. Finally, CKW Financial Group lifted its position 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 in the last quarter. Hedge funds and other institutional investors own 86.84% of the company’s stock.

VF Trading Up 1.9 %

VFC opened at $16.61 on Friday. The business’s 50 day moving average price is $23.57 and its 200 day moving average price is $21.16. 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 stock has a market capitalization of $6.47 billion, a PE ratio of -13.96, a P/E/G ratio of 6.77 and a beta of 1.46. VF has a one year low of $11.00 and a one year high of $29.02.

VF (NYSE:VFC) last released 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 quarter in the previous year, the firm posted $0.57 earnings per share. As a group, equities research analysts expect that VF will post 0.73 EPS for the current year.

VF Dividend Announcement

The business 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Monday, March 10th. VF’s dividend payout ratio (DPR) is -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.