Traders Purchase Large Volume of VF Put Options (NYSE:VFC)

VF Corporation (NYSE:VFC - Get Free Report) saw some unusual options trading activity on Monday. Investors purchased 21,795 put options on the stock. This is an increase of approximately 19% compared to the typical volume of 18,292 put options.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Piper Sandler lowered their target price on shares of VF from $18.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Robert W. Baird lowered their target price on shares of VF from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Telsey Advisory Group set a $14.00 target price on shares of VF in a report on Thursday, May 22nd. Barclays set a $16.00 target price on shares of VF and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets set a $15.00 target price on shares of VF and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Sixteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $16.21.

VF Trading Up 0.2%

Shares of VFC stock traded up $0.03 during trading hours on Thursday, hitting $12.58. 6,900,327 shares of the company's stock traded hands, compared to its average volume of 7,787,369. The stock's 50 day simple moving average is $12.45 and its 200 day simple moving average is $18.61. The stock has a market cap of $4.90 billion, a PE ratio of -10.57, a price-to-earnings-growth ratio of 6.77 and a beta of 1.68. VF has a 12 month low of $9.41 and a 12 month high of $29.02. The company has a quick ratio of 1.00, a current ratio of 1.56 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC - Get Free Report) last announced its earnings results on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm earned ($0.32) earnings per share. VF's quarterly revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts anticipate that VF will post 0.73 EPS for the current year.

VF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Tuesday, June 10th. VF's dividend payout ratio is presently -72.00%.

Insider Activity

In other VF news, insider Bracken Darrell acquired 85,840 shares of VF stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $11.73 per share, for a total transaction of $1,006,903.20. Following the purchase, the insider now directly owns 295,406 shares in the company, valued at approximately $3,465,112.38. This represents a 40.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Abhishek Dalmia purchased 50,000 shares of the stock in a transaction on Friday, May 23rd. The stock was bought at an average cost of $11.78 per share, for a total transaction of $589,000.00. Following the completion of the acquisition, the executive vice president now owns 380,614 shares in the company, valued at approximately $4,483,632.92. This trade represents a 15.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 185,840 shares of company stock valued at $2,198,403 in the last quarter. Company insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On VF

Hedge funds have recently bought and sold shares of the company. Fiduciary Alliance LLC raised its stake in VF by 16.4% during the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock worth $4,634,000 after buying an additional 42,065 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in 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 last quarter. Russell Investments Group Ltd. increased its stake in VF by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 277,442 shares of the textile maker's stock valued at $4,306,000 after purchasing an additional 27,727 shares in the last quarter. Entropy Technologies LP bought a new stake in VF in the first quarter valued at $749,000. Finally, Amalgamated Bank increased its stake in VF by 46.2% in the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock valued at $2,365,000 after purchasing an additional 48,151 shares in the last quarter. Institutional investors own 86.84% of the company's stock.

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.