V.F. Target of Unusually Large Options Trading (NYSE:VFC)

V.F. Corporation (NYSE:VFC) was the recipient of unusually large options trading activity on Monday. Stock investors bought 59,340 put options on the stock. This is an increase of approximately 327% compared to the average daily volume of 13,908 put options.

V.F. Price Performance

Shares of NYSE VFC opened at $20.01 on Tuesday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.36 and a quick ratio of 0.87. V.F. has a 1-year low of $9.41 and a 1-year high of $29.02. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 90.94, a PEG ratio of 1.84 and a beta of 1.66. The business has a 50-day moving average of $18.41 and a 200-day moving average of $15.55.

V.F. (NYSE:VFC) last announced its earnings results on Tuesday, October 28th. The textile maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.73 billion. V.F. had a return on equity of 20.34% and a net margin of 0.95%.The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. On average, equities analysts anticipate that V.F. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VFC shares. The Goldman Sachs Group boosted their price objective on shares of V.F. from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Piper Sandler lifted their target price on V.F. from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Stifel Nicolaus boosted their price target on V.F. from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, December 12th. Robert W. Baird set a $25.00 price target on V.F. in a research note on Wednesday, December 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of V.F. in a research note on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, V.F. currently has an average rating of “Hold” and a consensus target price of $16.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC increased its stake in V.F. by 43.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 4,938,084 shares of the textile maker’s stock worth $71,257,000 after buying an additional 1,495,148 shares during the period. Fiduciary Alliance LLC boosted its position in V.F. by 10.3% in the 4th quarter. Fiduciary Alliance LLC now owns 647,496 shares of the textile maker’s stock valued at $11,707,000 after buying an additional 60,619 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of V.F. by 1.9% during the third quarter. Russell Investments Group Ltd. now owns 578,767 shares of the textile maker’s stock valued at $8,352,000 after acquiring an additional 10,881 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of V.F. by 21.3% during the second quarter. New York State Common Retirement Fund now owns 573,649 shares of the textile maker’s stock worth $6,740,000 after acquiring an additional 100,680 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of V.F. by 115.2% during the third quarter. SG Americas Securities LLC now owns 113,951 shares of the textile maker’s stock worth $1,644,000 after acquiring an additional 60,998 shares during the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.