VF Corp Has More Gas To Increase After Today’s Bullish Options Activity

 VF Corp Has More Gas To Increase After Today's Bullish Options Activity

In today’s session VF Corp (VFC) registered an unusually high (588) 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 588 contracts traded and 42364 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: VFC161118C00055000 closed last at: $0.75 or 6.3% down. About 440,885 shares traded hands. VF Corp (NYSE:VFC) has declined 17.35% since April 1, 2016 and is downtrending. It has underperformed by 18.57% the S&P500.

VF Corp (NYSE:VFC) Ratings Coverage

Out of 21 analysts covering V.F. Corp (NYSE:VFC), 10 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 48% are positive. $95 is the highest target while $54 is the lowest. The $71.89 average target is 33.75% above today’s ($53.75) stock price. V.F. Corp has been the topic of 51 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of VF Corp (NYSE:VFC) has “Neutral” rating given on Tuesday, August 4 by Sterne Agee CRT. Telsey Advisory Group upgraded VF Corp (NYSE:VFC) on Monday, October 26 to “Outperform” rating. Piper Jaffray upgraded the stock to “Overweight” rating in Monday, October 26 report. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, January 12. On Tuesday, August 4 the stock rating was initiated by Canaccord Genuity with “Buy”. On Tuesday, October 25 the stock rating was maintained by UBS with “Buy”. Barclays Capital maintained VF Corp (NYSE:VFC) on Monday, February 22 with “Overweight” rating. On Tuesday, February 16 the stock rating was downgraded by Stifel Nicolaus to “Hold”. On Friday, September 2 the stock rating was downgraded by Buckingham Research to “Neutral”. On Friday, July 15 the stock rating was downgraded by Brean Capital to “Buy”.

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.
Us National Bank De owns 702,078 shares or 0.16% of their US portfolio. Norinchukin Financial Bank The owns 17,499 shares or 0.03% of their US portfolio. Osborn Rohs Williams And Donohoe has 0.18% invested in the company for 14,731 shares. Moreover, Gw Henssler And Assocs Limited has 1% invested in VF Corp (NYSE:VFC) for 141,392 shares. Waverton Invest Management has 0.14% invested in the company for 31,388 shares. Hedeker Wealth Ltd holds 1.12% of its portfolio in VF Corp (NYSE:VFC) for 20,860 shares. Appleton Prtn Ma last reported 17,736 shares in the company. The California-based Checchi Cap Advisers Ltd Limited Liability Company has invested 0.03% in VF Corp (NYSE:VFC). The North Carolina-based Mcmillion Cap Inc has invested 1.41% in VF Corp (NYSE:VFC). Moreover, Pictet Asset Management Ltd has 0.29% invested in VF Corp (NYSE:VFC) for 1.18M shares. The Connecticut-based Essex Finance Ser has invested 0.11% in VF Corp (NYSE:VFC). South State accumulated 8,063 shares or 0.07% of the stock. Victory Mngmt holds 0% of its portfolio in VF Corp (NYSE:VFC) for 13,984 shares. Bb&T Secs Ltd Co accumulated 236,153 shares or 0.22% of the stock. The California-based Quantum Cap Mgmt has invested 0.17% in VF Corp (NYSE:VFC).

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 2 insider sales for $18.68 million net activity. WISEMAN ERIC C had sold 264,816 shares worth $17.09 million. $1.59M worth of VF Corp (NYSE:VFC) was sold by OTIS CLARENCE JR.

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 $22.25 billion. The Company’s divisions include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. It has a 18.66 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 Wsj.com with their article: “Wrangler Maker VF Corp. Cuts Guidance as Sales Slow” published on October 24, 2016, Thestreet.com published: “Avoid the Unfashionable Bargain That Is VF Corp” on October 25, 2016. More interesting news about VF Corp (NYSE:VFC) were released by: Valuewalk.com and their article: “Dividend Aristocrats In Focus Part 17: VF Corp (VFC)” published on November 01, 2016 as well as Marketwatch.com‘s news article titled: “VF Corp. shares fall after guidance slashed” with publication date: October 24, 2016.

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