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 article originally appeared on Fintel

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