|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||68.15 - 69.99|
|52 Week Range||45.07 - 100.25|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||79.82|
|Earnings Date||Oct 23, 2020 - Oct 27, 2020|
|Forward Dividend & Yield||1.92 (2.77%)|
|Ex-Dividend Date||Sep 09, 2020|
|1y Target Est||67.25|
Timberland could see a sales boost following vice presidential hopeful Kamala Harris wearing a pair.
VF Corp (NYSE: VFC) traded higher Tuesday as BTIG Research analyst upgraded it to Buy, citing improving demand trends heading into the winter season. CNBC "Fast Money Halftime Report's" Stephanie Link has a long position in the name and she revealed it has been pretty hard to own the stock, which is still down 25% year to date.She thinks the dividend yield of 2.6% is safe as the company has $2.8 billion in cash and the management is focused on keeping and growing the dividend. She said the company has great brands and it's positioned well for the long term.Only 40% of its business is direct-to-consumer and Link sees that as a problem, because foot traffic is low. She believes it's necessary for the company to increase e-commerce presence. Link expects to see a recovery in the name.Pete Najarian owns Canada Goose Holdings Inc (NYSE: GOOS), which was named as one of the possible M&A targets for VF Corp. He said it's been hard to own the stock, but he expects to see some improvement in the winter months. Najarian feels the company has to build a stronger e-commerce presence.See more from Benzinga * Pete Najarian Sees Unusual Options Activity In Nio And Tesla * 'Fast Money Halftime Report' Picks For September 15: Lam Research, Applied Materials And More * Cramer Weighs In On CVS Health Corp, GoHealth And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
VF Corp (NYSE: VFC) has made significant progress in addressing excess inventory issues, and there are catalysts ahead that could cause demand trends to improve heading into the fall and winter season, according to BTIG.The VF Corp Analyst: Camilo Lyon upgraded VF Corp from Neutral to Buy and set an $88 price target. The VF Corp Thesis: The company has made "disciplined and targeted investments" in digital and China, Lyon said in the Tuesday upgrade note.VF's sales and earnings are expected to accelerate through the fiscal fourth quarter and into fiscal 2022 "as store productivity ramps, demand/supply reach equilibrium, and gross margins recover," the analyst said. Lyon named four key factors for the rating upgrade:1\. The well-positioned brands Vans and The North Face should leverage strong category tailwinds, aided by unrelenting innovation.2\. A significant uptick in web traffic points to an improved fiscal second-quarter sales trajectory.3\. Excess inventory has progressively been worked down, setting up for a clean entry into fiscal 2022 with a stronger margin profile.4\. The optionality of a looming large-scale acquisition.VFC Price Action: Shares of VC Corp were trading 1.61% higher at $74.44 at the time of publication Tuesday.Latest Ratings for VFC DateFirmActionFromTo Sep 2020BTIGUpgradesNeutralBuy Aug 2020Deutsche BankMaintainsHold Aug 2020RBC CapitalMaintainsOutperform View More Analyst Ratings for VFC View the Latest Analyst RatingsSee more from Benzinga * BofA Upgrades Western Union After Q2 Earnings Sell-Off * Cantor Cuts Charlotte's Web Target On Tough 2Q, Reduced Guidance * 7 Reasons Why This Overstock Analyst Is Bullish(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.