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V. F. Corporation shares rise on analyst upgrades
V. F. Corporation (VFC) has seen a recent boost in stock performance following several analyst upgrades. JPMorgan upgraded the company from Underweight to Neutral, citing a more balanced risk/reward profile and progress toward meeting fiscal year estimates. Additionally, Piper Sandler raised its rating from Neutral to Overweight, increasing its price target to $20.00, while Barclays expressed optimism regarding the company's ongoing restructuring.
The apparel giant, which owns brands such as The North Face, Vans, and Timberland, is undergoing a strategic portfolio shift. Recent divestments include the $1.5 billion sale of Supreme to EssilorLuxottica and the $600 million sale of Dickies to Bluestar Alliance.
Financial projections indicate that the company's outdoor-anchored portfolio is targeting mid-single-digit growth. Analysts also noted that net debt leverage is expected to decrease from 4.1x in 2025 to 2.5x in 2028, supporting a fiscal 2029 margin target of 10 percent.
Entities
Barclays · JPMorgan · Piper Sandler · The North Face · V. F. Corporation
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Net debt leverage is projected to fall to 2.5x in 2028 from 4.1x in 2025. wwd.com
- [○ 1 SOURCE] In the most recent quarter, The North Face generated $590.9 million in revenue, Vans $459.8 million, and Timberland $266.1 million. www.vantagepointsoftware.com
- [○ 1 SOURCE] Barclays expressed optimism regarding the company's restructuring and turnaround prospects. www.marketbeat.com
- [● 2 SOURCES] JPMorgan upgraded V. F. Corporation from Underweight to Neutral. www.marketbeat.com · wwd.com
- [○ 1 SOURCE] The company is on track to meet its fiscal 2029 margin target of 10 percent. wwd.com
- [○ 1 SOURCE] The company closed the sale of Dickies to Bluestar Alliance for $600 million. www.vantagepointsoftware.com
- [○ 1 SOURCE] Piper Sandler upgraded V. F. Corporation from Neutral to Overweight and raised the target price to $20.00. www.marketbeat.com
- [○ 1 SOURCE] V. F. Corporation completed the sale of Supreme to EssilorLuxottica for $1.5 billion on October 2, 2024. www.vantagepointsoftware.com