Barclays upgraded the shares of apparel company VF Corporation (NYSE:VFC) to "overweight" from "equal weight," and hiked its price target to $22 from $19. The analyst in coverage cited a healthy risk-reward profile, noting the owner of brands Vans and The North Face will begin to see the positive impact of recent changes this fall as well as in 2025.There's potential for more upgrades, with 16 of 20 analysts in question still rating VFC a  "hold" or worse coming into today. Plus, short interest shed 5.8% ov ...

The most recent trading session ended with V.F. (VFC) standing at $17.62, reflecting a +0.23% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.45%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.Heading into today, shares of the maker of brands such as Vans, North Face and Timberland had gained 5.97% over the past month, outpacing the Consumer Discretionary sector's gain of 3.49% and the S&P 500's gain of 2.54% i ...

Core Viewpoint - VF Corp is undergoing a significant turnaround under the leadership of CEO Bracken Darrell, who aims to stabilize the company and improve its financial performance [1][12]. Group 1: Company Overview - VF Corp, listed on NYSE as VFC, owns a portfolio of well-known brands including The North Face, Vans, Timberland, and Dickies [3]. - The stock price has increased from $11.00 in May 2024 to $19.00, although the company is still reporting losses [3]. - VF Corp has reduced its inventories by 24% in fiscal Q1 2025, indicating signs of stabilization [3][11]. Group 2: Turnaround Team - VF Corp has assembled a team of industry professionals to support its turnaround strategy, including: - Paul Vogel as CFO, previously at Spotify [4]. - Nina Flood as head of Timberland [4]. - Caroline Brown as president of The North Face [4]. - Chris Stutzman as Chief Design Officer from Logitech [4]. - Abhishek Dalmia as Chief Strategy & Transformation Officer, formerly at BCG [4]. - Sun Choe as Global Brands President of Vans [4]. Group 3: Brand Portfolio and Divestitures - VF Corp operates 11 iconic lifestyle brands and is in the process of divesting its 12th brand, Supreme, for $1.5 billion to EssilorLuxottica, expected to close in Q4 2024 [5]. - The company is conducting a strategic review of all its brands and may consider further divestitures [5]. Group 4: Reinvent Turnaround Strategy - The Reinvent strategy focuses on four key priorities: 1. Improve North American results by reorganizing the operating model and investing in brand-building marketing [6][7]. 2. Accelerate the turnaround of the VANS brand by focusing on innovative products and marketing [8]. 3. Reduce costs by eliminating $300 million in fixed costs through various measures [9]. 4. Strengthen the balance sheet by reducing debt and improving cash flow, including asset sales [10]. Group 5: Financial Performance - In fiscal Q1 2025, VF Corp reported an EPS loss of 33 cents, beating estimates, with revenues down 8.9% YoY to $1.9 billion [11]. - The North Face revenue fell 3% YoY, while VANS revenue decreased by 21% YoY, showing slight improvement from previous quarters [11]. - Ending inventories dropped by 24% YoY to $676 million, and net debt decreased by nearly $587 million [11]. - VF Corp aims to raise an additional $600 million from selling non-core physical assets, excluding Supreme [12].

Core Viewpoint - V.F. Corp. (NYSE:VFC) shows bullish potential based on technical analysis, with positive indicators in price action, momentum, volume, and relative strength [2][4]. Price Action - VFC has recently traded above its 30-week exponential moving average (EMA), which is trending higher, indicating a bullish trend. This is a significant change from the previous three years when VFC traded below a downward trending 30-week EMA [4]. - The stock has maintained trading above the 30-week EMA for four consecutive weeks, a performance not seen in the last three years [4]. Momentum - The Percentage Price Oscillator (PPO) indicates short-term bullish momentum, with the black PPO line above the red signal line and a reading of 1.044, suggesting long-term bullish momentum as well [4]. - Long-term momentum has shifted to bullish after a prolonged decline below the 30-week EMA [4]. Volume Analysis - Recent volume spikes indicate that institutional investors, referred to as "smart money," have been accumulating shares of VFC, suggesting that they perceive the stock as undervalued [4]. - The volume analysis shows more significant buying activity (black spikes) compared to selling activity (red spikes) over the past four weeks [4]. Relative Strength - VFC has underperformed the S&P 500 index for most of the past three years, but recent performance indicates an improvement, with VFC showing better relative strength since May [4].

Have you looked into how V.F. (VFC) performed internationally during the quarter ending June 2024? Considering the widespread global presence of this maker of brands such as Vans, North Face and Timberland, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journe ...

anilbolukbas/iStock Editorial via Getty ImagesIntroduction I last covered V.F. Corporation (NYSE:VFC) on April 26th, calling it my "top turnaround for 2024" and assigning a "Strong Buy" rating. At the time of publication, shares were trading at $12.64, and since then, have soared 38.58%, significantly outperforming the S&P 500's modest 4.79% return over the same period. VFC reported its Q1 FY2025 earnings earlier this week, which I would describe as "less bad" than expected. Revenues reached $1.91 billi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 1-5256 V. F. CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

V.F. Corporation (VFC) reported first-quarter fiscal 2025 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. Although the company’s sales and earnings declined year over year, it noted improvements sequentially. The company’s fiscal first-quarter results reflected sequential revenue improvements across all its brands. Moreover, VFC is on track with its Reinvent program and expects to deliver on its cost-saving target.V.F. Corp reported an adjusted loss per share of 33 cents compare ...

Hinterhaus Productions/DigitalVision via Getty Images This article covers V.F. Corporation's (NYSE:VFC) fiscal Q1 2025 results and earnings call. It also reviews the valuation after my Hold article covering the 4Q24 results. The company's results continue to be challenged, with some signs of sequential improvement but still significantly down. In fact, considering the length of the downturn, it is strange that the company is not turning faster in some areas. The market puts a lot of confidence in the co ...

Core Viewpoint - V.F. Corporation's recent quarterly earnings report showed slight improvements in revenue and loss per share, but the overall performance remains concerning, particularly for its core brands [3][13]. Financial Performance - For Q1 FY2025, V.F. Corp. reported an adjusted loss per share of $0.33, slightly better than expectations, with revenues of $1.91 billion, down 8.5% year-over-year [3][4]. - The Americas region experienced a 12% decline in revenues, while the APAC region saw modest growth of 2% year-over-year [3][4]. - GAAP EPS was negative $0.67, primarily due to a $0.30 impairment charge and restructuring costs [4][6]. Brand Performance - Vans brand sales fell by 21%, indicating ongoing internal issues despite a challenging macroeconomic environment [7]. - The North Face recorded its weakest quarterly revenues in three years but still managed a 12.7% CAGR over the last four years, with only a 3% year-over-year decline [8]. - Timberland and Dickies saw revenue declines of 14% and 10%, respectively, indicating persistent brand weaknesses [8]. Supreme Sale Impact - V.F. Corp. sold Supreme for $1.5 billion, a decision aimed at generating cash to pay off upcoming debt, with the sale expected to close by the end of Q3 FY2025 [11][12]. - The sale is anticipated to reduce total revenues by approximately 5% to 6% in FY2026, but it is viewed as a necessary move given the brand's underperformance [11][12]. - The transaction resulted in a positive market reaction, with VFC shares rising approximately 20% post-announcement, despite the overall value destruction from the acquisition [11][12]. Debt Management - The sale of Supreme is expected to help V.F. Corp. manage its debt, with a projected reduction of net debt by about $1.75 billion by the end of FY2025 [12]. - Management aims to use proceeds from the sale to pay down significant debt maturities, which could improve the company's credit rating outlook [12][13]. - Free cash flow guidance for FY2025 is set at $600 million, allowing for potential repayment of maturing notes [12].