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

VF Corporation (NYSE:VFC - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 21,876 put options on the company. This represents an increase of 27% compared to the typical volume of 17,218 put options.

Institutional Investors Weigh In On VF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Segall Bryant & Hamill LLC raised its position in VF by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock worth $83,153,000 after purchasing an additional 211,440 shares during the period. Rhumbline Advisers boosted its holdings in VF by 11.0% during the 1st quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock valued at $14,414,000 after acquiring an additional 92,174 shares during the period. GAMMA Investing LLC grew its position in VF by 1,355.2% in the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock valued at $6,276,000 after acquiring an additional 376,615 shares during the last quarter. Fiduciary Alliance LLC increased its stake in VF by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock worth $4,634,000 after purchasing an additional 42,065 shares during the period. Finally, Amalgamated Bank lifted its position in shares of VF by 46.2% during the first quarter. Amalgamated Bank now owns 152,410 shares of the textile maker's stock worth $2,365,000 after purchasing an additional 48,151 shares during the last quarter. Hedge funds and other institutional investors own 86.84% of the company's stock.

Wall Street Analysts Forecast Growth

VFC has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of VF from $14.00 to $25.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. The Goldman Sachs Group reduced their target price on VF from $25.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Barclays upped their price target on VF from $29.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Truist Financial reaffirmed a "hold" rating and issued a $24.00 price objective (up previously from $20.00) on shares of VF in a report on Thursday, January 30th. Finally, Stifel Nicolaus lowered their target price on VF from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, VF currently has a consensus rating of "Hold" and a consensus price target of $21.70.

VF Price Performance

VFC traded up $0.11 during trading hours on Tuesday, hitting $11.68. The company's stock had a trading volume of 3,098,827 shares, compared to its average volume of 7,770,701. VF has a 12 month low of $9.41 and a 12 month high of $29.02. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31. The business's 50-day moving average price is $16.09 and its 200-day moving average price is $19.86. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of -9.81, a P/E/G ratio of 6.77 and a beta of 1.57.

VF (NYSE:VFC - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same period in the prior year, the business posted $0.57 earnings per share. Sell-side analysts expect that VF will post 0.73 earnings per share for the current fiscal year.

VF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a $0.09 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 3.08%. VF's dividend payout ratio is presently -30.25%.

About VF

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.

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