|Bid||76.54 x 800|
|Ask||0.00 x 800|
|Day's Range||77.95 - 80.74|
|52 Week Range||63.26 - 91.54|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||27.38|
|Earnings Date||Oct 17, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||1.72 (2.12%)|
|1y Target Est||99.29|
Colorado officials spent five months pursuing the Outdoor Retailer shows with the ardor of a smitten teenager, presenting detailed business plans on why the event should leave its longtime home in Salt Lake City to move east and offering up a $1.7 million incentive bouquet for organizers to use to help market themselves to their new community. Nathan Fey, director of the Colorado Outdoor Recreation Industry Office, said Thursday morning that he believes the group’s decision to combine the November show with its already scheduled Outdoor Retailer Snow Show in January will “best represent the industry,” and Gov. Jared Polis later in the day lauded the economic impact of the downsized event and said the state could look at other ways it may be able to help the show.
Management discussed innovation, Kontoor's supply chain, and a strategy to deal with import tariffs in the jeans maker's first earnings conference call.
Kontoor Brands Inc. is heading into the Friday close up 15.2% for the week after the company, the jeans spinoff from VF Corp. , reported quarterly earnings for the first time. Kontoor's portfolio includes Lee and Wrangler. It became an independently-traded company on May 23. Second-quarter net income was $38.0 million, or 67 cents per share, down from $60.5 million, or $1.07 per share, last year. Adjusted earnings of 96 cents beat the FactSet consensus of 67 cents. Revenue of $609.7 million was down from $663.9 million, but beat the $591.0 million FactSet outlook. "Second quarter 2019 results are evidence of management's operational prowess," wrote Susquehanna Financial Group analysts led by Sam Poser. Susquehanna rates Kontoor stock positive with a $44 price target, up from $36. "Particularly encouraging are expectations for Wrangler to accelerate in the second half," wrote Stifel analysts. "We continue to view Kontoor shares as a compelling yield vehicle with durable cash flows and call option value in potential for organic growth." Stifel rates Kontoor shares buy with a $39 price target, up from $37. Kontoor stock is down 14.4% for the last three months while the S&P 500 index is up 2%.
Only 14 months after initiating the spinoff, Greensboro-based Kontoor Brands issued its first quarterly report.
Just months after completing its separation from Vans sneaker maker VF Corp, the company said its total costs and operating expenses had fallen about 5% in the second quarter as it streamlined supply chains and sourced materials for less. With revenue down 6% and profits almost 40%, executives from the maker of Lee and Wrangler jeans also said they were looking at withdrawing from unprofitable markets if need be and would look at sourcing opportunities in new markets.
Kontoor Brands Inc beat expectations for quarterly profit on Thursday as the denim apparel maker's efforts to cut costs post its spinoff from VF Corp paid off, sending shares up over 13%. Just months after completing its separation from Vans sneaker maker VF Corp, the company said its total costs and operating expenses had fallen about 5% in the second quarter as it streamlined supply chains and sourced materials for less. With revenue down 6% and profits almost 40%, executives from the maker of Lee and Wrangler jeans also said they were looking at withdrawing from unprofitable markets if need be and would look at sourcing opportunities in new markets.
As if the retail sector didn't have enough to worry about, a new threat has now emerged. On August 1, President Trump announced that the US is implementing 10% tariffs on a further $300 billion of Chinese goods, starting September 1. On the announcement, retail stocks plunged, with the SPDR S&P Retail ETF down over 3%.“The list of products these tariffs will hit are almost entirely consumer oriented… This new 10% tariff on Chinese imports is a direct hit on consumer products and family budgets, plain and simple” the Retail Industry Leaders Association wrote in a statement. Most retailers expect to pass the tariffs on to consumers, and multiple price rises could damage overall consumer spending. “We’re very concerned this will be a long-term cost baked into what consumers will pay,” Matt Priest, chief executive of the Footwear Distributors and Retailers of America, said in The New York Times.And UBS analyst Jay Sole didn’t provide much reassurance when he told investors: “Department store P/E valuations look low today, but the market may be underestimating how negatively impacted their earnings might be from tariffs.” In particular, the analyst singled out names like Macy’s (M), Nordstrom (JWN) and Kohl’s (KSS) as most at risk. This was a call echoed by other firms including Goldman Sachs and Credit Suisse. Nordstrom, for example, is currently trading down a whopping 34% year-to-date. That’s with a Hold analyst consensus.However there are still some retail names that look compelling. UBS has singled out three specific names with the least risk attached. These are the stocks best-positioned to outperform with the new tariffs says the firm. Let’s take a closer look now: Nike Inc (NKE)Just do it. The sportswear giant has managed to maintain significant Street support despite the tariff updates. It’s hard to deny that Nike has considerable China exposure. Company filings reveal that 23% of Nike footwear and 27% of apparel is manufactured in China, while FactSet calculates that 15% of Nike revenue is directly tied to the region.Nonetheless the stock’s diversified global footprint and strong pricing power are keeping analysts on-side. “Fundamentally, NKE is arguably in its strongest position over the past few years, with robust CC revenue growth, healthy underlying gross margin expansion, a continued eye on the horizon through transformational investments, and strong/healthy growth in DTC/digital” cheers five-star Guggenheim analyst Robert Drbul. He has a buy rating on the stock and $100 price target. Indeed, best performing analysts have a bullish Strong Buy consensus on Nike right now. In the last three months, the stock has received 8 buy ratings vs just 1 hold rating. Meanwhile the $98 average analyst price target suggests sizable upside potential of just over 20%. Lululemon Athletica (LULU)Lululemon is excelling in the rapidly growing world of athleisure. The company is another retailer singled out by UBS as having the least risk to the new tariffs. Lululemon imports only 6% of its total finished goods from China, limiting its direct exposure. "We are committing to higher air-freight usage as the hedge against disruption in ocean shipping lanes as we approach the key dates related to tariff increases," Lululemon CFO Patrick Guido revealed on the June earnings call. However the higher costs associated with increased import duties and air cargo are likely to keep gross margin "flat to modestly up" this quarter, vs 54.8% last year, Guido added.Year-to-date the stock has soared 47%, boosted by stellar first-quarter earnings results and a new customer loyalty program. “We continue to see Lululemon uniquely positioned at the intersection of trends and positioned well to both recruit new consumers to the brand and expand the offering to generate more revenue per guest,” wrote Stifel Nicolaus analyst Jim Duffy.He believes the new loyalty program, named ‘Practice’, can yield $0.50-plus in incremental earnings power “and more aggressive assumptions point to potential for a $1-plus boost for future years.”Top analysts have a cautiously optimistic take on LULU, with a Moderate Buy consensus. That breaks down to 11 buy ratings and 5 hold ratings published on the stock in the last three months. The $197 average price target indicates upside potential of 10% from current levels. VF Corp (VFC)VF Corp boasts a diverse portfolio of popular brands including Vans and The North Face. It’s the third stock singled out by the firm as best positioned to cope with tariff risk.As VFC itself states “The word that best describes our global sourcing strategy is “balanced.” We’re not overly dependent on any given region or country. This allows us to competitively manage cost, as well as source closer to end markets.” According to the company, China accounts for 9% of produced VF units. That’s with Americas responsible for 35% produced VF goods, and Vietnam 25%. Overall, we can see VFC still scores a Strong Buy consensus from top analysts. Out of 6 analysts polled, 5 rate the stock a buy. Plus the $100 average analyst price target translates into upside potential of over 20%. “VFC is one of the best managed and operationally efficient companies in our coverage universe and the spin-off of the slow growing Jeans business further enhances its growth profile, in our view. VFC continues to evolve its portfolio to ensure resources and focus are allocated to the fastest growing brands that are generating the highest return on investment” cheers top Susquehanna analyst Sam Poser. He notes that the strong success at Vans (up 20% in 1Q20), and now The North Face is a positive indicator of future growth at VFC’s other brands including Timberland and Dickies.Discover the Street's best-rated Trending Stocks now
Denver's newest Fortune 500 company, VF Corp. (NYSE: VFC), is not a company that puts its name on a lot of events to show itself off. As vice president of corporate affairs Craig Hodges notes, the company is not going to buy Super Bowl ads. With that, the Colorado Classic can offer a prize purse of $75,000 that will more than double 2018 prize money and make it one of the premier events in the women’s cycling field.
UNCG Bryan School will create a "virtual collaboratory" for sustainable business practices with the help of a $100,000 grant from VF Foundation.
It's the most significant corporate relocation since Arrow Electronics moved here from New York in 2011.
If you're an income-seeking investor, it's going to be hard to pass up the 7.2% dividend yield from Kontoor Brands Inc. , said Jim Cramer during Wednesday night's "Mad Money" program. Kontoor was spun off just two months ago from apparel maker VF Corp. . Kontoor debuted in May at $38 a share and had slid into the mid-$20s after investors feared the trade war had stunted its growth.
VP & CFO of Vf Corp (30-Year Financial, Insider Trades) Scott A. Roe (insider trades) sold 10,000 shares of VFC on 07/29/2019 at an average price of $88.39 a share. Continue reading...
Apparently, second-quarter top-line miss and management's soft view regarding North America segment are not well perceived by investors.
Does the July share price for V.F. Corporation (NYSE:VFC) reflect what it's really worth? Today, we will estimate the...
Blue jeans might be a necessity in every person’s closet, but VF Corp. shows they don’t need to be part of an apparel company’s brand portfolio if there are innovations in the pipeline.
VF Corporation (NYSE: VFC) will invest an extra $20 million in marketing The North Face’s new FutureLight breathable waterproof fabrics after reporting first-quarter earnings Wednesday that exceeded executives’ expectations and led the Denver company to raise its growth outlook for the 2020 fiscal year. CEO Steve Rendle described results from the three-month period ending June 29 as “powerful proof that our transformation to a purpose-led, performance-driven, value-creating enterprise ... is creating tangible results.” The Fortune 260 apparel giant that is in the process of moving its headquarters and the offices of its five outdoor brands to Denver then raised its guidance for the year on revenue, operating margin — and on the growth of its outdoor brands, specifically segment leader The North Face.