|Bid||81.960 x 900|
|Ask||81.990 x 1000|
|Day's Range||81.67 - 82.63|
|52 Week Range||67.18 - 97.00|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||28.03|
|Earnings Date||Apr 18, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||2.04 (2.78%)|
|1y Target Est||94.10|
# VF Corp ### NYSE:VFC View 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 sentiment Short interest | Positive Short 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 flow ETF/Index ownership | Neutral ETF activity is neutral. The $3.57 billion in inflows that ETFs holding VFC received over the last one-month is a decline from earlier in the period and among the weakest of the past year. ## Economic sentiment PMI by IHS Markit | Positive According 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, and is accelerating. ## Credit worthiness Credit default swap | Neutral The 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 email@example.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.
VF Corporation Stock Surges 12.4% on Strong Q3 2019 Numbers(Continued from Prior Part)Rating summary Following VF Corporation’s (VFC) impressive fiscal 2019 third-quarter earnings announcement, 71.0% of the 24 analysts tracking its stock have given
VF Corporation Stock Surges 12.4% on Strong Q3 2019 Numbers(Continued from Prior Part)Numbers in detail VF Corporation (VFC) delivered adjusted EPS of $1.31 in the third quarter of fiscal 2019. It beat analysts’ consensus estimate of $1.10 and rose
VF Corporation Stock Surges 12.4% on Strong Q3 2019 Numbers(Continued from Prior Part)Revenue beats estimatesVF Corporation (VFC) reported its fiscal 2019 third-quarter results on January 18. Its revenue of $3.94 billion topped analysts’ consensus
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 Corporation Stock Surges 12.4% on Strong Q3 2019 NumbersWhy VFC surgedOn January 18, VF Corporation (VFC) stock surged 12.4% after it reported its results for the third quarter of fiscal 2019. The company beat analysts’ revenue and adjusted EPS
, 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.
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.
The company increased its expectations for revenues this fiscal year during an earnings call on Friday.
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.
As VF acknowledges possible delay in spinoff, the company predicts that jeanswear revenues will slip in 2019.
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.
Investing.com – The Dow soared Friday, led by industrials, on optimism that China and the United States would find a way to end their bitter trade dispute.
Tiffany & Co., whose overall holiday sales fell flat, reported double-digit sales growth in mainland China in the final two months of the year -- a welcome sign for retailers after Apple spooked the market earlier this month by warning Chinese demand was waning. “The holiday period has actually been very positive -- China is a big area of focus,” Tiffany’s Chief Executive Officer Alessandro Bogliolo said in an interview Friday.
Rumors that Skechers U.S.A. Inc. was in acquisition talks with V.F. Corp. sent shares of Manhattan Beach, California-based Skechers rising in Thursday trading. Shares in Skechers (NYSE: SKX) rose more than 6 percent Thursday after an unconfirmed report surfaced that North Carolina-based V.F. Corp. (NYSE: VFC), maker of Vans and Timberland shoes, was interested in buying Skechers. StockTraderNet wrote that "V.F. Corporation (VFC) is in advanced talks to acquire Skechers USA Inc. Hearing the acquisition price represents a total enterprise value of about $6.5 billion or $40 per share." That news sent shares in Skechers up $1.60, rising 6.31 percent to close at $26.95.
Investing.com -- VF Corporation, Schlumberger and Western Digital were in rally mode Friday, underpinning the broader market.