On Oct 30, major Wall Street analysts update their ratings for $VF Corp (VFC.US)$, with price targets ranging from $19 to $25.
BofA Securities analyst Lorraine Hutchinson maintains with a sell rating.
Barclays analyst Adrienne Yih maintains with a buy rating, and adjusts the target price from $22 to $25.
UBS analyst Jay Sole maintains with a hold rating, and adjusts the target price from $14 to $19.
Jefferies analyst Ashley Helgans maintains with a hold rating, and adjusts the target price from $20 to $21.
Evercore analyst Michael Binetti maintains with a hold rating, and adjusts the target price from $16 to $22.
Furthermore, according to the comprehensive report, the opinions of $VF Corp (VFC.US)$'s main analysts recently are as follows:
There is a recognition of the gradual increase in sales growth for VF Corp., which is viewed positively. However, there are concerns regarding the level of investment required to sustain this growth. Given the company's high leverage, there is an added emphasis on the necessity for a swift business turnaround. The challenge in shifting to a growth trajectory is also noted. Despite the recognition of improved recent execution, expectations for future earnings have been moderated due to anticipated increases in selling, general, and administrative expenses.
VF Corp.'s recent earnings outperformed consensus forecasts, bolstered by enhanced sales, margin, and spending discipline. Notably, the sequential improvement observed at Vans countered prevailing expectations. Despite the modest absolute figures from Vans, investor anticipations had been braced for a notably poorer outcome. It's anticipated that the equity will experience a marked increase, given the previously negative investor sentiment.
VF Corp.'s fiscal Q2 results exceeded expectations, yet the projection for second-half earnings significantly trails the consensus by 70%, as noted by an analyst.
VF Corp.'s fiscal Q2 demonstrated advancement, surpassing expectations in revenue, margin, and earnings, alongside maintaining inventory control. It was noted that the company's operating profit didn't meet the consensus due to heightened investments aimed at fostering future growth.
VF Corp.'s shares experienced an uptick following the announcement of third-quarter earnings per share that surpassed expectations along with the reinstatement of quarterly forecasts. It is indicated that revenue projections for the third quarter point towards an improvement in trends as the second half of the year progresses.
Here are the latest investment ratings and price targets for $VF Corp (VFC.US)$ from 9 analysts:
Note:
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