On March 28, 2023 at 10:30:05 ET an unusually large
$1,888.48K block of Put contracts in V.F.
(VFC) was sold,
with a strike price of $25.00 / share, expiring in 80 days (on June 16, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.51 sigmas above the mean, placing it in the 94.02 percentile of all recent large trades made in VFC options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 46.70% Upside
As of March 27, 2023,
the average one-year price target for V.F. is $30.57.
The forecasts range from a low of $23.23 to a high of $39.90.
The average price target represents an increase of 46.70% from its latest reported closing price of $20.84.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for V.F.
is $11,682MM, a decrease of 0.13%.
The projected annual non-GAAP EPS
is $2.10.
What is the Fund Sentiment?
There are 1348 funds or institutions reporting positions in V.F..
This is a decrease
of
11
owner(s) or 0.81% in the last quarter.
Average portfolio weight of all funds dedicated to VFC is 0.14%,
an increase
of 6.15%.
Total shares owned by institutions decreased
in the last three months by 5.00% to 419,392K shares.
The put/call ratio of VFC is 0.85, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Pnc Financial Services Group
holds 77,042K shares
representing 19.82% ownership of the company.
In it’s prior filing, the firm reported owning 77,450K shares, representing
a decrease
of 0.53%.
The firm
decreased
its portfolio allocation in VFC by 15.68% over the last quarter.
Northern Trust
holds 24,895K shares
representing 6.41% ownership of the company.
In it’s prior filing, the firm reported owning 24,884K shares, representing
an increase
of 0.04%.
The firm
decreased
its portfolio allocation in VFC by 15.16% over the last quarter.
SDY – SPDR Dividend ETF
holds 17,564K shares
representing 4.52% ownership of the company.
In it’s prior filing, the firm reported owning 7,424K shares, representing
an increase
of 57.73%.
The firm
increased
its portfolio allocation in VFC by 87.24% over the last quarter.
ABALX – AMERICAN BALANCED FUND
holds 10,939K shares
representing 2.81% ownership of the company.
In it’s prior filing, the firm reported owning 10,224K shares, representing
an increase
of 6.53%.
The firm
decreased
its portfolio allocation in VFC by 22.06% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 10,635K shares
representing 2.74% ownership of the company.
In it’s prior filing, the firm reported owning 10,450K shares, representing
an increase
of 1.74%.
The firm
decreased
its portfolio allocation in VFC by 13.25% over the last quarter.
V.F. Declares $0.30 Dividend
On February 7, 2023 the company declared a regular
quarterly dividend of $0.30 per share ($1.20 annualized).
Shareholders of record as of March 10, 2023
received the payment on March 21, 2023.
Previously, the company paid $0.51 per share.
At the current share price of $20.84 / share,
the stock’s dividend yield is 5.76%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.11%,
the lowest has been 1.84%,
and the highest has been 8.69%.
The standard deviation of yields is 1.42 (n=237).
The current dividend yield is
1.87 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 1.70.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.06%.
VF Background Information
(This description is provided by the company.)
Founded in 1899, VF Corporation is one of the world’s largest apparel, footwear and accessories companies connecting people to the lifestyles, activities and experiences they cherish most through a family of iconic outdoor, active and workwear brands including Vans®, The North Face®, Timberland® and Dickies®. The Company’s purpose is to power movements of sustainable and active lifestyles for the betterment of people and our planet. The Company connects this purpose with a relentless drive to succeed to create value for all stakeholders and use our company as a force for good.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
