Professional
Added to YB: 2024-02-21
Pitch date: 2024-02-16
VFC [bullish]
V.F. Corporation
+23.63%
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
$15.59
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: The Popularity of VF’s Brands Provides Confidence That Its Turnaround Efforts Will Work
VFC: Turnaround plan "Reinvent" aims for $300M cost savings, debt reduction & sales/margin boost, especially for Vans. North Face performing well. Possible non-core brand sales to focus on key assets & debt. Concerns over US retail exposure & strategy outcome. Track record of disciplined M&A (like Vans success) & shareholder returns despite recent challenges.
Read full article (10 min)