On Oct 31, major Wall Street analysts update their ratings for $VF Corp (VFC.US)$, with price targets ranging from $15 to $25.
BofA Securities analyst Lorraine Hutchinson maintains with a sell rating, and sets the target price at $15.
Barclays analyst Adrienne Yih maintains with a buy rating, and maintains the target price at $25.
Wells Fargo analyst Ike Boruchow maintains with a sell rating, and adjusts the target price from $15 to $17.
TD Cowen analyst John Kernan maintains with a hold rating, and maintains the target price at $24.
Baird analyst Jonathan Komp maintains with a hold rating, and adjusts the target price from $20 to $23.
Furthermore, according to the comprehensive report, the opinions of $VF Corp (VFC.US)$'s main analysts recently are as follows:
The sequential improvement in sales growth for VF Corp. is seen as encouraging, but there is concern regarding the investments required to sustain this growth. With high leverage, there's an increased emphasis on the need for a swift turnaround, and the challenge of shifting towards growth could be more daunting. Recent performance has led to an adjustment in the multiple applied to future estimates, though projections for earnings per share in FY25 and FY26 have been reduced due to anticipated rises in SG&A expenses.
The company's recent quarterly earnings surpassed expectations, fueled by enhanced sales, margins, and expenditure control. A notable point of interest is the sequential performance improvement observed at Vans. Although the results at Vans were not particularly remarkable, they exceeded the pessimistic expectations held by many investors. It is anticipated that the stock will experience a considerable uptick due to the prevailing negative sentiment.
VF Corp. experienced a fiscal second-quarter performance that surpassed expectations; however, the projection for second-half earnings is significantly below the consensus.
VF Corp.'s fiscal Q2 demonstrated advancement, surpassing expectations in revenue, margin, and earnings while maintaining inventory control. Their operating profit did not meet consensus due to expedited investments aimed at propelling future growth.
The assessment of VF Corp. acknowledges an improved market valuation following the company's debt reduction efforts. It was also noted that while the path to execution may not be straightforward, there is a marked sense of confidence from the management team.
Here are the latest investment ratings and price targets for $VF Corp (VFC.US)$ from 5 analysts:
Note:
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