VFC - V.F. Corporation
86.06 0.00 (0.00%)
After hours: 4:58PM EDT
| Previous Close | 84.78 |
| Open | 84.93 |
| Bid | 86.05 x 1400 |
| Ask | 88.23 x 900 |
| Day's Range | 84.63 - 86.10 |
| 52 Week Range | 67.18 - 97.00 |
| Volume | 2,099,279 |
| Avg. Volume | 2,297,350 |
| Market Cap | 34.046B |
| Beta (3Y Monthly) | 1.35 |
| PE Ratio (TTM) | 19.94 |
| EPS (TTM) | 4.32 |
| Earnings Date | Apr 18, 2019 - Apr 22, 2019 |
| Forward Dividend & Yield | 2.04 (2.41%) |
| Ex-Dividend Date | 2019-03-07 |
| 1y Target Est | 95.45 |
- Business Wire•5 days ago
Veronica Wu Elected to VF Corporation’s Board of Directors
The Board of Directors of VF Corporation (VFC), a global leader in branded lifestyle apparel, footwear and accessories, has elected Silicon Valley venture capitalist Veronica Wu as a director, effective March 12, 2019. “We’re pleased to welcome Veronica to VF’s Board of Directors,” said Steve Rendle, VF’s Chairman, President and Chief Executive Officer.
- Markit•7 days ago
See what the IHS Markit Score report has to say about VF Corp.
VF Corp NYSE:VFCView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for VFC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting VFC. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold VFC had net inflows of $4.29 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. VFC credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- InvestorPlace•8 days ago
The 4 Big Reasons to Buy Skechers Stock
At the beginning of the year, I put together a list of seven dark horse stocks that I felt were ready to surprise Wall Street in 2019 and stage huge rallies. One of my favorite picks on that list was Skechers (NYSE:SKX), the underappreciated and undervalued athletic footwear stock that seemed ready for a big 2019 surge, as favorable fundamentals converged on a hugely discounted valuation. * 10 Tech Stocks to Buy Now for 2025 Source: Shutterstock That's already happened. Year to date, SKX stock is up more than 40% on the back of strong holiday numbers and a healthy guide, which, together, implied that the good about Skechers is getting better and that the bad is turning around. Up 40% in just over two months, SKX stock may appear to out over its skis here and it may be -- in the near term. But, in the medium- to long-term, this stock will only head higher.Why? Because it is still an underappreciated and undervalued athletic footwear stock that will continue to benefit from favorable fundamentals converging on a discounted valuation. So long as this dynamic remains in play, SKX stock will continue to rally. By my math, that dynamic will remain in play until the stock reaches $40.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs such, buying here in the low $30's isn't too late. A good portion of the 2019 SKX rally hasn't happened yet. The Consumer Backdrop Is HealthyImportantly, the global consumer backdrop is healthy enough to support continued positive revenue growth at Skechers.Specifically, the U.S. economy appears to be stabilizing and consumer confidence is stabilizing with it. After three consecutive months of declines, U.S. consumer confidence ticked higher in February, concurrent with a stabilization in financial markets. Also, while the February jobs report missed on the headline jobs creation number, wages posted their best growth in a decade and the unemployment rate retreated back to record lows. Overall, the U.S. consumer is still very healthy today.The global consumer is healthy, too. China consumer confidence is bouncing back. Global consumer confidence is stabilizing. U.S.-China trade tensions are easing. FX headwinds are becoming less severe. As a result, the global consumer backdrop remains healthy enough to support continued growth at Skechers. The Internals Are FavorableMore importantly, the internals at Skechers remain healthy, and point to continued growth at the company for the foreseeable future.Ground-level trends remain favorable, such as the chunky sneaker and dad-look trends, and point to continued growing global popularity of the Skechers brand. Search-interest trends remain favorable on a domestic and global basis. Web traffic share continues to climb. Overall, the fundamentals imply continued healthy top-line growth for Skechers on a global basis.Concurrently, gross margins have continued on their multi-year uptrend, while the opex rate is finally falling back. Management expects this opex rate moderation to persist, and so long as it does, margins should remain on an uptrend.In the big picture, then, current trends and data points suggest that Skechers will remain a strong revenuer grower with healthy margin expansion potential for the next several quarters. The Valuation Is Still DiscountedEven more importantly, the valuation underlying SKX stock remains discounted relative to peers.Skechers trades at just 15 forward earnings. For comparison purposes, Nike (NYSE:NKE) and Lululemon (NASDAQ:LULU) both trade at over 30 times forward earnings. Under Armour (NYSE:UAA) trades at over 60 times forward earnings. V.F. Corp (NYSE:VFC), the owner of Vans, trades at 22 times forward earnings.Further, most apparel retail stocks trade around 18 times forward earnings. The average forward P/E multiple across the entire consumer discretionary sector is 20. For footwear stocks, it's nearly 30.Overall, with a forward P/E ratio of just 15, SKX stock continues to trade at a sizable discount to essentially every comp in the market. Upside to $40 Is Fundamentally SupportedMost importantly, the fundamentals support upside in SKX stock to $40.Given historical growth trends, its still relatively small revenue base, and red-hot growth in the international segment, I think Skechers projects as a mid- to high-single-digit revenue grower over the next several years. During that stretch, gross margins should continue on their multi-year uptrend, since there are no obstructions in the foreseeable future, while the opex rate should normalize lower as revenue growth outpaces expense growth.Under those assumptions, I think Skechers can do about $4 in EPS by fiscal 2025. Based on a market average 16 forward multiple, this equates to a fiscal 2024 price target for SKX stock of $64. Discounted back by 10% per year, that equates to a fiscal 2019 price target of roughly $40. Bottom Line on SKX Stock * 7 High-Yield Telecom Stocks to Avoid Skechers stock was one of my top picks for 2019. It's early March, and the stock is already up more than 40% year to date. But this rally isn't over. Skechers remains an underappreciated and undervalued athletic footwear stock with plenty of room to run higher as favorable fundamentals continue to converge on a discounted valuation in 2019. This dynamic should drive SKX stock to $40 by the end of the year.As of this writing, Luke Lango was long SKX and NKE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post The 4 Big Reasons to Buy Skechers Stock appeared first on InvestorPlace.
- American City Business Journals•13 days ago
Colorado Outdoor Recreation Industry Office director resigning to work for VF Corp.
The second such office in the country helped Colorado recruit national companies, including VF, and events in the sector.
- American City Business Journals•13 days ago
Metro Denver EDC lauds VF Corp. while warning of 'hostile' legislation targeting oil and gas industry
Anyone looking for an indication of VF Corp.’s coming relocation to Denver need only have been at the Metro Denver Economic Development Corp.’s annual awards luncheon Tuesday — when the outdoor-apparel giant received the organization’s top award even before it arrives to town. In a luncheon that was tinged with both community magnanimity and political overtones, the organization that leads job recruitment and retention for a nine-county Front Range area gushed most exhaustively over VF Corp. (NYSE: VFC), which plans to relocate its headquarters from Greensboro, North Carolina, to temporary digs in the Denver Tech Center this summer. Metro Denver EDC officials presented the company with the New Frontier Award, signifying the ground-breaking commitment to the region’s economy.
- American City Business Journals•14 days ago
Downtown leader on potential Centric deal: 'This is a big one'
According to a source and multiple websites, Centric is occupying space at 4620 Grandover Parkway near Grandover Resort. Andy Zimmerman, the developer of Gateway Center, told Triad Business Journal Monday that Centric is occupying space in Greensboro through a "transition agreement." "This is a big one," Matheny told TBJ following notice of a March 15 public hearing on the issue.
- American City Business Journals•17 days ago
(GALLERY) Cover Story: Triad homebuilding isn't blistering hot, but maybe that's not all bad
Builders see challenges in the Triad housing market, but moderate growth is largely keeping prices in check.
Yahoo Finance•18 days agoGap is splitting into two companies in a bid to finally make shareholders happy
Gap CEO Art Peck has made a huge decision: split the company into two — Old Navy and NewCo.
- American City Business Journals•19 days ago
VF Corp. signs on as title sponsor of Colorado Classic cycling race
The company, which is moving its headquarters from North Carolina to Denver, signed a deal for the rebranded race.
- Business Wire•21 days ago
VF Corporation Named One of the World’s Most Ethical Companies by the Ethisphere Institute for Third Consecutive Year
VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has been recognized as one of the 2019 World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. This is VF’s third consecutive year to receive the distinction. “We’re proud to once again be recognized as one of the world’s most ethical companies,” said Steve Rendle, VF’s Chairman, President and CEO.
- Zacks•22 days ago
RL vs. VFC: Which Stock Should Value Investors Buy Now?
RL vs. VFC: Which Stock Is the Better Value Option?
- Benzinga•27 days ago
Cowen Raises VF Corp Price Target Ahead Of Denim Spin-Off
Outdoor and footwear brands exhibited strength in the fourth quarter, and the positive trend appear to have continued into Q1. VF Corp (NYSE: VFC )'s stock seems undervalued ahead of the Jeanswear segment ...
- Zacks•last month
Why Is V.F. (VFC) Up 18.6% Since Last Earnings Report?
V.F. (VFC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- American City Business Journals•last month
VF Corp. shuttering South Carolina logistics center, laying off 150
Greensboro-based VF Corp. (NYSE:VFC) is closing its Greenville, South Carolina, logistics facility, laying off approximately 150 employees, the company confirmed to Triad Business Journal. According to a filing under the Worker Adjustment and Retraining Notification Act, the closure date is April 13. VF spokeswoman Julia Burge told TBJ that the facility provides logistics and shipping services to support the transportation of raw materials, machinery, offices supplies and finished products between internal manufacturing operations and distribution centers for its Jeanswear and other VF brands.
- Motley Fool•last month
5 Things to Know About Levi Strauss' Upcoming IPO
The iconic denim maker plots a return to the public market.
- American City Business Journals•last month
Cover story: We're losing the HQ battle: What do we do about it?
The planned departure of the Triad's two leading Fortune 500 companies continues a long trend of the Triad losing the HQ presence of nationally recognized companies. Of the 25 companies on TBJ's local public companies list a decade ago, only eight remain public and based in the region.
- Reuters•last month
Jeans maker Levi Strauss files for stock market comeback
Levi's, one of the world's biggest denim brands and the inventor of blue jeans, faces rapid changes in consumer tastes as people shop for cheaper store brands and athleisure apparel. Last year, rival VF Corp said it would spin off its less profitable Wrangler and Lee jeans business into a publicly traded company, allowing it to focus on Vans and its outdoor wear businesses to help improve profit margins. Levi's is controlled by the descendents of founder Levi Strauss.
Motley Fool•last monthWhy VF Corporation Rose 18% Last Month
Shares of the Vans parent jumped on a strong earnings report.
- Investor's Business Daily•last month
Columbia Sportswear Blasts Into Buy Zone On Strong Earnings Beat
As the apparel and footwear retailer posted blowout earnings on broad gains across its brands and markets, Columbia Sportswear stock shot past a buy point.
- Yahoo Finance Video•3 days ago
E-textile market will ‘grow’ once industry standards develop
Technology is making its way into our clothing with e-textiles and wearables. Madison Maxey, Founder & Chief Innovation Officer of e-textile company Loomia, says that once standards are developed for the e-textile industry, “we’ll really start to see the market grow.” Yahoo Finance’s Alexis Christoforous speaks to her.
Yahoo Finance Video•18 days agoGap and Old Navy to split into two publicly traded companies
Jennifer Rogers talks to Yahoo Finance Editor-at-Large Brian Sozzi about the latest on Gap, as the retailer announces it will split itself and Old Navy into two publicly traded companies.
