When will VF management make the changes necessary on the product and brand marketing side to ensure this brand gets properly and aggressively built. All this collaboration does is help JCrew and hurt The North Face.
Down to $60 AH and the usd is getting stronger which kills them. Not good for the near term but this is a real gem. Looking to get in at mid $50 area for the long haul.
Based on were the stock is trading today we have made up about 2/3 of the drop from the close the day before the earnings release and the intraday low after the release. So was the sell off overdone and are investors looking at this as a long term story. In the last 5 years it has risen 3.4X it's November 2010 price level. Seems like it has been consolidating since the Fall of 2013 after that first 3 year run. Looks like right after the sell off it was a strong buy. The dividend has also doubled in 5 years and they increased it aging by 5 cents per quarter or 15.6%.
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They raised the dividend 5 cents to 37 cents or 16% payable Dec. 18. Unfortunately wall street did not like the results and the stock took a $10 hit.
Last year the declaration date was Thursday 10/16. The 4 years before that it was always a Monday 10/21, 10/24. 10/22 & 1021 respectively. Wonder why they changed?? Anyway, I will guess that the increase will be 4 cents per quarter or 36 cents ($1.44 per year) which would be just over 2% at current price. I was trying to figure out their payout ratio. Next years earnings estimate is $3.70/share. $1.44 would be just under 40% payout. The last few years the increase has been greater but had the benefit of greater earnings increases fueled by a much weaker dollar. This is where the strong dollar hurts. VFC has a large overseas presence.
VFC passed on Billabong, then passed on ZQK, and now they ended up with nothing. Meanwhile Billabong is turning around nicely in the hands of some of the same people who just acquired ZQK.
Astounding how little the financial community understands about brands. Calling the north face growth 'astounding' ......this is a brand that could and should have been growing at minimum at the pace of VANS over the past few years...and a lot more..but the very safe and conservative and minor growth we have been seeing over the past years and the more than lack luster performance in Europe tells you how this brands potential is completely under realized. Vans is led by brand people and North face is led by sales and operations people and it shows. Maybe it is time to have VANS leadership take over the North Face for a while and make this brand a lot more imaginative and powerful before the NIKEs and Under Armours really wake up to Outdoor and blow the outdoor brands out of the water.
Mentioned in a video? Have you seen the financials? Net borrowings of $1.046BN, negative cash flow, sales down 20%, P/E nearly 30. What's the attraction here?
Not only would it be a perfect fit, they could get DECK for $3-$3.5 billion. VF spills more than that getting out of their cars. Been rumored for years and now that DECK stock is off over 25% from it's highs, timing seems perfect.