VFC - V.F. Corporation

NYSE - NYSE Delayed Price. Currency in USD
82.34
+9.08 (+12.39%)
At close: 4:00PM EST
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Previous Close73.26
Open82.22
Bid78.00 x 1300
Ask82.99 x 1800
Day's Range80.00 - 84.39
52 Week Range67.18 - 97.00
Volume6,281,860
Avg. Volume2,570,760
Market Cap32.673B
Beta (3Y Monthly)1.05
PE Ratio (TTM)28.11
EPS (TTM)2.93
Earnings DateJan 21, 2019 - Jan 24, 2019
Forward Dividend & Yield2.04 (2.77%)
Ex-Dividend Date2018-12-07
1y Target Est92.52
Trade prices are not sourced from all markets
  • VF Corp raises full-year forecasts on Vans demand
    Yahoo Finance Video9 hours ago

    VF Corp raises full-year forecasts on Vans demand

    Yahoo Finance's Melody Hahm and Heidi Chung discuss VF Corp's raise in full-year forecasts.

  • Why VF Corp. Stock Popped Today
    Motley Fool6 hours ago

    Why VF Corp. Stock Popped Today

    The apparel and footwear leader delivered a strong beat-and-raise performance. Here's what investors need to know.

  • Thomson Reuters StreetEvents7 hours ago

    Edited Transcript of VFC earnings conference call or presentation 18-Jan-19 1:30pm GMT

    Q3 2019 VF Corp Earnings Call

  • Why Schlumberger, VF Corporation, and Bank OZK Jumped Today
    Motley Fool9 hours ago

    Why Schlumberger, VF Corporation, and Bank OZK Jumped Today

    The stock market continued its 2019 rebound.

  • TheStreet.com9 hours ago

    VF Corp. Surges on Back of Strong Earnings, Raised Guidance

    , which owns brands such as Vans, Timberland and The North Face, surged more than 11% in early trading on Friday after the company reported better-than-expected fiscal third-quarter earnings, and raised its guidance for the coming quarters. VF shares jumped 12.4% to close at $82.34 in trading on the New York Stock Exchange. Net income for the Greensboro, North Carolina-based company rang in at $463.5 million, or $1.16 a diluted share, for its fiscal third quarter vs. a loss of $90.3 million, or 18 cents a share, a year earlier.

  • InvestorPlace10 hours ago

    Potential Buyout Is Another Reason to Like Skechers Stock

    M&A activity in the financial markets is picking up, as record levels of corporate cash converged on a steep market sell-off in late 2018 to create a plethora of acquisition opportunities, and corporations took advantage. Thus, it's no surprise that M&A rumors have started to swirl around athletic apparel brand Skechers (NYSE:SKX). Specifically, there has been chatter that global apparel giant V.F. Corporation (NYSE:VFC) is interested in buying Skechers at $40 per share. Skechers stock trades just north of $25. Naturally, the stock bounced higher on those rumors. Wells Fargo is skeptical such an acquisition will actually happen. Their rationale -- that Skechers doesn't really fit into the VFC wheelhouse -- makes sense. VFC's biggest brands include names like Vans, Timberland and North Face. Those have some, but minimal, overlap and synergies with Skechers. InvestorPlace - Stock Market News, Stock Advice & Trading Tips As such, a VFC acquisition of Skechers seems unlikely at this point in time. But, that doesn't mean Skechers stock won't be acquired in 2019 at a big premium. Instead, this rumor goes to show that there is high M&A interest related to Skechers, as there should be. The company and stock have "buyout target" written all over them. Thus, as M&A activity picks up in 2019, Skechers stock could very likely be acquired by a bigger retail company looking to expand into the athletic apparel space. ### VFC May Not Be the Buyer The rumor floating around is that VFC will buy Skechers at $40 per share. Skechers stock initially traded higher on the news. Then, it gave up some of those gains as investors questioned the legitimacy of the rumors. * 7 Retail Stocks to Buy for the Rise of Menswear Investors are right to express skepticism. VFC has built a portfolio of global apparel brands through acquisitions. In the 1960's, VFC acquired leading jeans brand Lee. Over the next fifty years, VFC acquired Wrangler, Bulwark, North Face, Nautica, Vans, Reef, Timberland, and many, many more. This M&A activity hasn't slowed recently. Over the past decade, VFC has made numerous brand acquisitions, both small and large. But, Skechers doesn't really fit into the VFC wheelhouse. Skechers is an athletic apparel brand which rubs elbow with Nike (NYSE:NKE), Adidas (OTCMKTS:ADDYY), and Under Armour (NYSE:UAA). There isn't much overlap between Skechers and North Face, or Skechers and Vans. Granted, VFC could be looking to make a play in an entirely untapped mainstream athletic apparel market. That would make sense. After all, the athletic apparel market is where all the growth is today. Skechers gives them a cheap entry into that big growth market. But it isn't likely, because VFC usually acquires companies within its wheelhouse. As such, VFC probably won't buy Skechers any time soon. ### But Skechers Is a Buyout Target Although VFC likely won't be the buyer, Skechers stock is a serious buyout target in 2019. The company has all the characteristics you'd want in a buyout target. Skechers has grown revenues at a consistent double-digit rate over the past five years, and has broad and global exposure to the rapidly growing athletic apparel market. Gross margins are high, and have consistently trended higher over the past five years. The brand clearly has staying power in the mid-price sneaker market, which is largely ignored by other athletic apparel companies. The domestic business is stable, while the international business is red hot. In sum, this is a growth company with staying power and high margins in a growth industry. Those are attractive features to a potential suitor. Skechers stock also has ideal characteristics for a buyout target. There's a lot of cash and short-term investments on the balance sheet (~$900 million), and hardly any debt (less than $70 million in long-term debt). Thus, the company has a net cash position of roughly $800 million, meaning the $4.2 billion market cap underlying Skechers stock translates into a $3.4 billion enterprise value. Sales over the past twelve months measure $4.5 billion, while EBITDA is around $520 million. Thus, Skechers stock is trading at roughly 0.7X EV/Sales and ~6.4X EV/EBITDA. Those are anemic multiples for a double-digit-growth company. A potential suitor could pay a huge premium for Skechers stock, and still only pay just over 1X EV/Sales. Overall, Skechers the company has buyout target written all over it. So does Skechers stock. As such, while VFC may not be the buyer, that doesn't mean the idea itself is off the table in 2019. ### Bottom Line on SKX Stock Skechers is a solid and stable growth company with a dramatically undervalued stock. That combination naturally attracts M&A interest. If Skechers stock remains this cheap for much longer, there will eventually be a takeout offer -- and likely at a huge premium. As of this writing, Luke Lango was long SKX and NKE. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post Potential Buyout Is Another Reason to Like Skechers Stock appeared first on InvestorPlace.

  • No, Vans parent VF Corp. isn’t going to buy Skechers
    MarketWatch10 hours ago

    No, Vans parent VF Corp. isn’t going to buy Skechers

    VF Corp.’s Chief Executive Steven Rendle used the company’s third-quarter earnings call to quiet chatter about adding Skechers Corp. to the company’s portfolio, saying that one can’t believe everything they hear. “Obviously, M&A continues to be our number one choice about capital allocation,” Rendle said on the call, according to a FactSet transcript. Talk about a possible Skechers (SKX)  purchase bubbled up on Thursday.

  • VF Corp. boosts Q3 revenue growth to $3.9B with The North Face leading charge
    American City Business Journals10 hours ago

    VF Corp. boosts Q3 revenue growth to $3.9B with The North Face leading charge

    The company increased its expectations for revenues this fiscal year during an earnings call on Friday.

  • InvestorPlace10 hours ago

    VF Corporation Earnings: VFC Stock Soars on Impressive Q3

    VF Corporation earnings (NYSE:VFC) were released early in the day on Friday and the company had an impressive quarter that helped to lift its stock more than 10% throughout the course of the day. The apparel giant -- which is responsible for developing Vans shoes and North Face jackets -- posted its third quarter results for the current quarter, which included adjusted earnings of $1.43 per share. The figure was stronger than the $1.32 per share that the Wall Street consensus estimate called for, according to data compiled by Bloomberg. VF Corporation added that its revenue for the period tallied up to $3.91 billion, which also came in ahead of the $3.75 billion that analysts were projecting, according to data compiled on a Bloomberg survey. The apparel maker added that its active-brand segment impressed during the period, surging 16% compared to the year-ago period, thanks in large part to a 25% year-over-year increase in sales from its Vans products. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The positive quarter led to the company increasing its full-year adjusted earnings forecast to now be roughly $3.73 per share, which is higher than the $3.70 per share that Wall Street is calling for. VF Corporation also updated its 2019 revenue outlook to now be roughly $13.8 billion at a minimum, which is higher than the Wall Street midpoint guidance of $3.76 billion. VFC stock is skyrocketing roughly 12.8% on Friday following the apparel company's impressive third-quarter earnings showing. ### More From InvestorPlace * 7 Stocks to Buy as the Dollar Weakens * 10 Growth Stocks With the Future Written All Over Them * 8 Dividend Stocks With Growth on the Horizon Compare Brokers The post VF Corporation Earnings: VFC Stock Soars on Impressive Q3 appeared first on InvestorPlace.

  • VF Corp (VFC) Q3 2019 Earnings Conference Call Transcript
    Motley Fool11 hours ago

    VF Corp (VFC) Q3 2019 Earnings Conference Call Transcript

    VFC earnings call for the period ending December 31, 2018.

  • Government shutdown could delay VF Corp. spinoff of Kontoor Brands
    American City Business Journals11 hours ago

    Government shutdown could delay VF Corp. spinoff of Kontoor Brands

    As VF acknowledges possible delay in spinoff, the company predicts that jeanswear revenues will slip in 2019.

  • North Face's Newfound China Popularity Lifts Canada Goose
    Bloomberg12 hours ago

    North Face's Newfound China Popularity Lifts Canada Goose

    China sales increased 23 percent year-over-year on a constant currency basis at VF Corp. During the conference call, executives said China is a "strategic investment priority" that’s paying off. Finance chief Scott Roe said the company saw "pretty meaningful acceleration in our China business this year," which gives management confidence in its outlook for the region. The company is monitoring China and other markets closely and maintains that the overall consumer backdrop remains solid.

  • Stocks making the biggest moves midday: Netflix, Boeing, Tesla, Eli Lilly & more
    CNBC13 hours ago

    Stocks making the biggest moves midday: Netflix, Boeing, Tesla, Eli Lilly & more

    Check out the companies making headlines midday Friday.

  • Investing.com13 hours ago

    Stocks - Dow Soars on Easing U.S.-China Tensions

    Investing.com – The Dow soared Friday, led by industrials, on optimism that China and United States would find a way to end their bitter trade dispute.