Is Buying Stock Like VF Corp Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like VF Corp Good Idea After Today's Bullish Options Activity?

In today’s session VF Corp (VFC) registered an unusually high (2,357) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious VFC increase. With 2,357 contracts traded and 10234 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: VFC161118C00060000 closed last at: $0.55 or 31.3% down. About 525,149 shares traded hands. VF Corp (NYSE:VFC) has declined 16.39% since March 4, 2016 and is downtrending. It has underperformed by 24.43% the S&P500.

Analysts await VF Corp (NYSE:VFC) to report earnings on October, 28. They expect $1.16 earnings per share, up 8.41% or $0.09 from last year’s $1.07 per share. VFC’s profit will be $480.84 million for 11.76 P/E if the $1.16 EPS becomes a reality. After $0.36 actual earnings per share reported by VF Corp for the previous quarter, Wall Street now forecasts 222.22% EPS growth.

VF Corp (NYSE:VFC) Ratings Coverage

Out of 20 analysts covering V.F. Corp (NYSE:VFC), 12 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 60% are positive. $95 is the highest target while $54 is the lowest. The $73.61 average target is 34.89% above today’s ($54.57) stock price. V.F. Corp has been the topic of 45 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of VF Corp (NYSE:VFC) earned “Underweight” rating by Morgan Stanley on Monday, January 11. B. Riley & Co downgraded the stock to “Neutral” rating in Monday, January 4 report. Canaccord Genuity initiated VF Corp (NYSE:VFC) rating on Tuesday, August 4. Canaccord Genuity has “Buy” rating and $88 price target. As per Monday, October 26, the company rating was upgraded by Piper Jaffray. The firm has “Neutral” rating given on Tuesday, August 4 by Sterne Agee CRT. Zacks upgraded the stock to “Hold” rating in Wednesday, August 26 report. The company was downgraded on Thursday, November 12 by Sterne Agee CRT. The rating was initiated by Guggenheim with “Buy” on Friday, September 30. BB&T Capital downgraded VF Corp (NYSE:VFC) on Monday, April 25 to “Hold” rating. Stifel Nicolaus downgraded the shares of VFC in a report on Tuesday, February 16 to “Hold” rating.

According to Zacks Investment Research, “V.F. Corporation designs, manufactures and markets branded jeanswear, intimate apparel, children’s playwear, occupational apparel, knitwear and other apparel. VF Corporation oversees the operations of its individual businesses, providing them with financial and administrative resources. Its principal brands include Lee, Wrangler, Riders, Rustler, Vanity Fair, Vassarette, Bestform, Lily of France, Lee Sport, Healthtex, JanSport, Eastpak, Red Kap and The North Face.”

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.04, from 0.96 in 2016Q1. The ratio improved, as 53 funds sold all VF Corp shares owned while 265 reduced positions. 54 funds bought stakes while 264 increased positions. They now own 407.75 million shares or 0.77% less from 410.91 million shares in 2016Q1.
Security reported 3,421 shares or 0.08% of all its holdings. Invesco Limited last reported 1.56M shares in the company. M&R Mgmt Inc holds 1,000 shares or 0.02% of its portfolio. Stephens Ar reported 43,407 shares or 0.12% of all its holdings. Tompkins Financial, a New York-based fund reported 1,720 shares. Shinko Asset Mngmt Com Limited has 4,958 shares for 0% of their US portfolio. Atwood & Palmer reported 200 shares or 0% of all its holdings. Cap Advisory Services, a Massachusetts-based fund reported 16,738 shares. Royal London Asset Management Ltd last reported 0.11% of its portfolio in the stock. Appleton Partners Incorporated Ma has invested 0.22% of its portfolio in VF Corp (NYSE:VFC). Cape Cod Five Cents Bank holds 0.84% of its portfolio in VF Corp (NYSE:VFC) for 74,492 shares. Gateway Inv Advisers Ltd Liability Corporation accumulated 0.06% or 108,578 shares. Neville Rodie & Shaw Inc, a New York-based fund reported 3,715 shares. Point72 Asset Lp reported 47,900 shares or 0.02% of all its holdings. Gemmer Asset Mgmt holds 0.01% of its portfolio in VF Corp (NYSE:VFC) for 221 shares.

Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 2 sales for $18.68 million net activity. OTIS CLARENCE JR also sold $1.59 million worth of VF Corp (NYSE:VFC) shares. Another trade for 264,816 shares valued at $17.09 million was made by WISEMAN ERIC C on Thursday, August 18.

V.F. Corporation is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The company has a market cap of $22.62 billion. The Company’s divisions include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. It has a 19.87 P/E ratio. The Firm owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories.

VFC Company Profile

V.F. Corporation (VF), incorporated in December 4, 1899, is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and related products. The Firm has a portfolio of approximately 30 brands across a spectrum of activities and lifestyles. The Company’s divisions include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. The Firm owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories. The Company’s brands primarily include The North Face, Vans, Timberland, Wrangler, Lee, Nautica, Majestic and Kipling. The Company’s products are marketed to clients shopping in specialty stores, department stores, national chains, mass merchants and its own direct-to-consumer operations. The Company’s direct-to-consumer business includes VF-operated stores, concession retail stores and e-commerce sites. The Company’s brands sell products in international markets through licensees, distributors and independently-operated partnership stores. The Company’s products are obtained from over 28 VF-operated manufacturing facilities and approximately 1,900 contractor manufacturing facilities in over 60 countries. The Firm also operates approximately 30 distribution centers and over 1,520 retail stores.

More important recent VF Corp (NYSE:VFC) news were published by: Wsj.com which released: “North Face Owner VF Corp. CEO to Leave Helm” on October 05, 2016, also Thestreet.com published article titled: “VF Corp (VFC) Stock Drops, Downgraded at BofA/Merrill Lynch”, Prnewswire.com published: “Textile Stocks Under Scanner — V.F. Corp., Lululemon Athletica, G-III Apparel …” on October 05, 2016. More interesting news about VF Corp (NYSE:VFC) was released by: Thestreet.com and their article: “Analysts’ Actions — Cognizant, Dick’s, Seattle Genetics, VF Corp. and More” with publication date: September 15, 2016.

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