Stock Traders Buy Large Volume of VF Call Options (NYSE:VFC)

VF Corporation (NYSE:VFC) was the target of unusually large options trading on Monday. Stock investors purchased 35,728 call options on the company. This represents an increase of 83% compared to the typical daily volume of 19,569 call options.

VF Stock Up 23.8 %

Shares of NYSE VFC traded up $4.06 during mid-day trading on Tuesday, reaching $21.09. 21,698,792 shares of the company traded hands, compared to its average volume of 8,259,731. The company’s fifty day moving average is $18.52 and its two-hundred day moving average is $15.58. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.51 and a current ratio of 0.99. VF has a fifty-two week low of $11.00 and a fifty-two week high of $21.93. The stock has a market cap of $8.21 billion, a PE ratio of -6.95, a price-to-earnings-growth ratio of 3.27 and a beta of 1.53.

VF (NYSE:VFC) last released its quarterly earnings results on Monday, October 28th. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. VF had a negative net margin of 11.39% and a positive return on equity of 11.75%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. On average, analysts expect that VF will post 0.6 earnings per share for the current year.

VF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.71%. VF’s dividend payout ratio (DPR) is -11.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com upgraded VF from a “sell” rating to a “hold” rating in a report on Saturday. Barclays raised their price objective on VF from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday. Stifel Nicolaus upped their target price on VF from $21.00 to $25.00 and gave the company a “buy” rating in a report on Monday, October 14th. TD Cowen increased their price target on shares of VF from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company downgraded shares of VF from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $16.00 to $15.00 in a research report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, VF currently has a consensus rating of “Hold” and a consensus price target of $18.18.

Insider Buying and Selling

In related news, Director Richard Carucci acquired 15,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of $16.70 per share, for a total transaction of $250,500.00. Following the acquisition, the director now owns 230,178 shares in the company, valued at approximately $3,843,972.60. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On VF

A number of institutional investors have recently made changes to their positions in VFC. Future Financial Wealth Managment LLC bought a new position in VF during the third quarter worth $40,000. Bank & Trust Co acquired a new position in shares of VF during the second quarter valued at about $35,000. Versant Capital Management Inc lifted its stake in shares of VF by 6,981.1% in the second quarter. Versant Capital Management Inc now owns 2,620 shares of the textile maker’s stock valued at $35,000 after buying an additional 2,583 shares during the period. EverSource Wealth Advisors LLC grew its position in VF by 50.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,681 shares of the textile maker’s stock worth $41,000 after buying an additional 895 shares in the last quarter. Finally, Heritage Wealth Advisors raised its holdings in VF by 527.6% in the 1st quarter. Heritage Wealth Advisors now owns 2,755 shares of the textile maker’s stock valued at $42,000 after acquiring an additional 2,316 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

About VF

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.