VF Target of Unusually Large Options Trading (VFC)

VF Co. (NYSE:VFC) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 17,824 call options on the company. This is an increase of 5,112% compared to the average daily volume of 342 call options.

A number of large investors have recently modified their holdings of VFC. Investec Asset Management LTD purchased a new position in VF in the 4th quarter worth $101,867,000. Congress Asset Management Co. MA raised its position in VF by 379.0% in the 4th quarter. Congress Asset Management Co. MA now owns 763,659 shares of the textile maker’s stock worth $56,511,000 after purchasing an additional 604,228 shares during the period. Boston Advisors LLC raised its position in VF by 730.7% in the 4th quarter. Boston Advisors LLC now owns 474,814 shares of the textile maker’s stock worth $35,136,000 after purchasing an additional 417,655 shares during the period. Smith Asset Management Group LP purchased a new position in VF in the 4th quarter worth $27,544,000. Finally, Amundi Pioneer Asset Management Inc. raised its position in VF by 88.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 748,905 shares of the textile maker’s stock worth $55,419,000 after purchasing an additional 350,834 shares during the period.

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Several research firms recently commented on VFC. Canaccord Genuity set a $90.00 price objective on shares of VF and gave the stock a “buy” rating in a report on Wednesday, March 14th. Credit Suisse Group assumed coverage on shares of VF in a report on Monday, March 12th. They issued an “outperform” rating and a $85.00 price target for the company. Guggenheim reissued a “buy” rating on shares of VF in a report on Thursday, March 8th. ValuEngine raised shares of VF from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, TheStreet downgraded shares of VF from a “b+” rating to a “c+” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $75.55.

VF stock opened at $78.64 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.98 and a current ratio of 1.60. The firm has a market cap of $30,632.43, a PE ratio of 26.39, a P/E/G ratio of 2.19 and a beta of 0.93. VF has a fifty-two week low of $51.22 and a fifty-two week high of $84.38.

VF (NYSE:VFC) last posted its quarterly earnings data on Friday, February 16th. The textile maker reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.01). The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.67 billion. VF had a net margin of 5.08% and a return on equity of 31.49%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. equities analysts forecast that VF will post 3.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 9th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, March 8th. VF’s payout ratio is presently 61.74%.

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VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

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