VF Sees Unusually High Options Volume (NYSE:VFC)

VF Corp (NYSE:VFC) saw unusually large options trading on Monday. Stock investors bought 3,202 call options on the stock. This is an increase of 1,612% compared to the average volume of 187 call options.

VFC has been the topic of several research reports. Canaccord Genuity set a $81.00 price target on VF and gave the company a “buy” rating in a research note on Thursday, October 19th. Guggenheim reiterated a “buy” rating and issued a $84.00 price objective on shares of VF in a report on Wednesday, January 10th. Robert W. Baird reiterated an “average” rating and issued a $84.00 price objective on shares of VF in a report on Wednesday, January 3rd. Stifel Nicolaus set a $78.00 price objective on VF and gave the company a “hold” rating in a report on Saturday, December 16th. Finally, Piper Jaffray Companies upped their price objective on VF to $70.00 and gave the company a “neutral” rating in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $71.95.

VF (NYSE:VFC) traded down $0.73 during trading hours on Friday, hitting $79.89. The company had a trading volume of 3,153,339 shares, compared to its average volume of 2,302,716. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 1.47. The company has a market capitalization of $31,568.45, a P/E ratio of 33.71, a PEG ratio of 2.25 and a beta of 0.90. VF has a fifty-two week low of $48.05 and a fifty-two week high of $82.95.

In other VF news, Director Clarence Otis, Jr. sold 12,552 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $69.37, for a total value of $870,732.24. Following the transaction, the director now owns 26,053 shares of the company’s stock, valued at $1,807,296.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Aidan O’meara sold 5,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $69.97, for a total value of $349,850.00. Following the completion of the transaction, the vice president now directly owns 96,344 shares in the company, valued at approximately $6,741,189.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,068 shares of company stock worth $11,079,900. Company insiders own 1.60% of the company’s stock.

Several large investors have recently bought and sold shares of VFC. Schroder Investment Management Group boosted its position in VF by 22.8% during the second quarter. Schroder Investment Management Group now owns 966,792 shares of the textile maker’s stock valued at $55,039,000 after purchasing an additional 179,455 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in VF during the second quarter valued at approximately $290,000. Columbia Asset Management boosted its position in VF by 468.6% during the second quarter. Columbia Asset Management now owns 23,655 shares of the textile maker’s stock valued at $1,362,000 after purchasing an additional 19,495 shares during the last quarter. Oak Ridge Investments LLC boosted its position in VF by 7.7% during the second quarter. Oak Ridge Investments LLC now owns 138,929 shares of the textile maker’s stock valued at $8,002,000 after purchasing an additional 9,980 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in VF by 70.8% during the second quarter. Bahl & Gaynor Inc. now owns 46,338 shares of the textile maker’s stock valued at $2,472,000 after purchasing an additional 19,213 shares during the last quarter.

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VF Company Profile

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

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