Stifel analyst Jim Duffy maintains $VF Corp (VFC.US)$ with a buy rating, and adjusts the target price from $25 to $27.
According to TipRanks data, the analyst has a success rate of 54.5% and a total average return of 7.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $VF Corp (VFC.US)$'s main analysts recently are as follows:
Sequential sales growth improvement is seen positively, yet there is concern regarding the level of investment required to sustain this growth. The focus is intensified on a swift recovery due to significant leverage, suggesting that kickstarting growth could prove challenging. Despite better recent execution, there are expectations for increased SG&A expenses, which has led to a reduction in earnings forecasts for upcoming fiscal years.
VF Corp.'s earnings surpassed expectations post the Q2 report, fueled by improved sales, margins, and spending. Notably, there was a sequential improvement at Vans, which, despite not being particularly impressive, exceeded many investors' expectations that were set lower based on recent data. This performance is anticipated to positively influence the company's stock, especially considering the previously negative sentiment.
The company outperformed in fiscal Q2, yet the earnings forecast for the second half was presented significantly below the consensus, as noted by an analyst.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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