Professional
Added to YB: 2024-05-23
Pitch date: 2024-05-23
VFC [bullish]
V.F. Corporation
+67.62%
current return
Author Info
No bio for this author
Company Info
V.F. Corporation, together with its subsidiaries, offers branded apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific.
Market Cap
$5.8B
Pitch Price
$11.73
Price Target
53.00 (+170%)
Dividend
2.40%
EV/EBITDA
8.13
P/E
63.30
EV/Sales
1.18
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
V.F. Corporation: Small Signs of Progress in Otherwise Woeful Period; Shares Significantly Undervalued
VFC: VF Corp faces challenges but shows signs of progress under new CEO's turnaround plan. Q4 sales fell but inventories also down 23%. Vans sales -27%, TNF sales -5%. Potential in Vans turnaround, TNF growth, cost cuts, and debt reduction. Risks: Vans momentum, Supreme acquisition, and weak wholesalers. Trades at big discount to $53 FVE despite long-term growth outlook, expanding margins, and proven brand-building. Very high uncertainty.
Read full article (12 min)