A Reversal for VF Corp Is Not Near. Professional Options Traders Are Bearish

 A Reversal for VF Corp Is Not Near. Professional Options Traders Are Bearish

In today’s session VF Corp (VFC) recorded an unusually high (157) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious VFC decrease. With 157 contracts traded and 5554 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: VFC161118P00052500 closed last at: $1.25 or 0% . About 679,374 shares traded hands. VF Corp (NYSE:VFC) has declined 17.61% since March 15, 2016 and is downtrending. It has underperformed by 23.09% the S&P500.

Analysts await VF Corp (NYSE:VFC) to report earnings on October, 28. They expect $1.16 EPS, up 8.41% or $0.09 from last year’s $1.07 per share. VFC’s profit will be $477.07M for 11.78 P/E if the $1.16 EPS becomes a reality. After $0.36 actual EPS 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. V.F. Corp has been the topic of 45 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, February 16 by Stifel Nicolaus. Zacks upgraded the stock to “Hold” rating in Wednesday, August 26 report. BB&T Capital downgraded the shares of VFC in a report on Monday, April 25 to “Hold” rating. Bank of America downgraded it to “Underperform” rating and $54 target price in Thursday, September 15 report. Piper Jaffray maintained VF Corp (NYSE:VFC) rating on Wednesday, August 12. Piper Jaffray has “Hold” rating and $77 price target. The company was upgraded on Wednesday, October 14 by Piper Jaffray. The firm has “Buy” rating by Guggenheim given on Friday, September 30. Sterne Agee CRT downgraded the shares of VFC in a report on Thursday, November 12 to “Underperform” rating. The company was maintained on Monday, February 22 by Brean Capital. The firm has “Buy” rating given on Friday, July 24 by Buckingham Research.

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 increased, 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.
Moreover, Primecap Ca has 0.08% invested in VF Corp (NYSE:VFC) for 1.27M shares. Chicago Equity Lc holds 0.02% of its portfolio in VF Corp (NYSE:VFC) for 12,055 shares. Iab Bank & Trust accumulated 0.26% or 6,600 shares. Qs Ltd Liability accumulated 0% or 4,724 shares. Atlantic Trust Grp Lc holds 0.52% of its portfolio in VF Corp (NYSE:VFC) for 1.16M shares. Wagner Bowman Mgmt Corporation holds 0.4% of its portfolio in VF Corp (NYSE:VFC) for 16,895 shares. Johnson Counsel last reported 0.59% of its portfolio in the stock. Goldman Sachs Gp has 2.01 million shares for 0.04% of their US portfolio. Asset Management owns 43,825 shares or 0.1% of their US portfolio. State Of Tennessee Treasury Department has invested 0.05% of its portfolio in VF Corp (NYSE:VFC). Guardian Trust owns 1,350 shares or 0% of their US portfolio. Btim has 0.01% invested in the company for 8,200 shares. Parkside Finance State Bank Tru accumulated 167 shares or 0% of the stock. Robecosam Ag has 33,112 shares for 0.18% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 0.08% of its portfolio in VF Corp (NYSE:VFC) for 31,168 shares.

Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 2 selling transactions for $18.68 million net activity. 25,540 VF Corp (NYSE:VFC) shares with value of $1.59M were sold by OTIS CLARENCE JR. WISEMAN ERIC C had sold 264,816 shares worth $17.09 million 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 $22.48 billion. The Company’s divisions include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. It has a 19.91 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 notable recent VF Corp (NYSE:VFC) news were published by: Forbes.com which released: “The Challenges VF Corp.’s Steve Rendle Will Face When He Becomes CEO” on October 17, 2016, also Zacks.com with their article: “V.F. Corp. (VFC) Q3 Earnings: What’s in Store this Quarter?” published on October 17, 2016, Thestreet.com published: “Why VF Corp Is Not a Good Fit for Your Portfolio” on October 14, 2016. More interesting news about VF Corp (NYSE:VFC) were released by: Wsj.com and their article: “North Face Owner VF Corp. CEO to Leave Helm” published on October 05, 2016 as well as Prnewswire.com‘s news article titled: “Textile Stocks Under Scanner — V.F. Corp., Lululemon Athletica, G-III Apparel …” with publication date: October 05, 2016.

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