Could VF Corp See a Reversal After Today’s Strong Options Activity?

 Could VF Corp See a Reversal After Today's Strong Options Activity?

In today’s session VF Corp (VFC) registered an unusually high (529) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious VFC increase. With 529 contracts traded and 1634 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: VFC170217C00062500 closed last at: $1 or 150% up. The stock decreased 1.53% or $0.89 on November 23, hitting $57.16. VF Corp (NYSE:VFC) has declined 10.79% since April 22, 2016 and is downtrending. It has underperformed by 16.19% the S&P500.

Analysts await VF Corp (NYSE:VFC) to report earnings on February, 17. They expect $0.99 EPS, up 4.21% or $0.04 from last year’s $0.95 per share. VFC’s profit will be $403.38 million for 14.43 P/E if the $0.99 EPS becomes a reality. After $1.14 actual EPS reported by VF Corp for the previous quarter, Wall Street now forecasts -13.16% negative EPS growth.

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. V.F. Corp has been the topic of 51 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was initiated by Canaccord Genuity with “Buy” on Tuesday, August 4. The rating was initiated by Guggenheim on Friday, September 30 with “Buy”. Bank of America downgraded VF Corp (NYSE:VFC) on Thursday, September 15 to “Underperform” rating. As per Monday, January 11, the company rating was downgraded by Morgan Stanley. The stock has “Buy” rating given by Buckingham Research on Friday, July 24. The rating was maintained by UBS with “Buy” on Tuesday, October 25. As per Tuesday, February 16, the company rating was downgraded by Stifel Nicolaus. On Tuesday, October 25 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The firm has “Outperform” rating given on Monday, February 22 by Telsey Advisory Group. The firm earned “Buy” rating on Monday, February 22 by Brean Capital.

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 decreased to 0.91 in 2016 Q2. Its down 0.09, from 1 in 2016Q1. The ratio dived, 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.
Thomaspartners has invested 1.63% of its portfolio in VF Corp (NYSE:VFC). Ww Asset Mngmt has invested 0.1% of its portfolio in VF Corp (NYSE:VFC). Pacwest Fincl Mgmt accumulated 2.03% or 52,922 shares. D E Shaw Inc reported 675,781 shares or 0.08% of all its holdings. The Kansas-based Vantage Prns Ltd Llc has invested 0.94% in VF Corp (NYSE:VFC). Appleton Prns Inc Ma has 0.22% invested in the company for 17,736 shares. Hedeker Wealth Ltd Company has invested 1.12% of its portfolio in VF Corp (NYSE:VFC). Louisiana State Employees Retirement Systems last reported 21,900 shares in the company. Moreover, Chemical Bank has 0.26% invested in VF Corp (NYSE:VFC) for 30,312 shares. Strs Ohio, a Ohio-based fund reported 214,995 shares. Advisor Limited Liability, a California-based fund reported 4,933 shares. Wealthtrust last reported 0.03% of its portfolio in the stock. North Star Inv Corporation last reported 0% of its portfolio in the stock. Mai Cap accumulated 3,277 shares or 0.02% of the stock. Moreover, Dekabank Deutsche Girozentrale has 0.04% invested in VF Corp (NYSE:VFC) for 52,908 shares.

Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 2 insider sales for $18.68 million net activity. 264,816 shares were sold by WISEMAN ERIC C, worth $17.09 million. On Wednesday, August 10 OTIS CLARENCE JR sold $1.59 million worth of the stock or 25,540 shares.

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 $23.29 billion. The Company’s divisions include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear, Contemporary Brands and Other. It has a 19.84 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 recent VF Corp (NYSE:VFC) news were published by: Thestreet.com which released: “Avoid the Unfashionable Bargain That Is VF Corp” on October 25, 2016. Also Thestreet.com published the news titled: “Analysts’ Actions — Chesapeake, McCormick, Time Warner, VF Corp. and More” on October 25, 2016. Valuewalk.com‘s news article titled: “Dividend Aristocrats In Focus Part 17: VF Corp (VFC)” with publication date: November 01, 2016 was also an interesting one.

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