Stockchase Opinions

Jenny Harrington, CEO, Gilman Hill Asset Management VF Corporation VFC-N BUY Oct 27, 2023

Reports Monday and could surprise. Pays a 7% dividend.

$16.900

Stock price when the opinion was issued

Consumer Products
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

SELL ON STRENGTH
Don't sell. There are better apparel stocks though. If this rises, lighten up. Pays around a 3% dividend.
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly The retailer owns the brand names of The North Face and Vans. Its recently reported earnings were on par with expectations and supported a strong ROE of 35%. The company has continued to grow cash reserves, while retiring debt and buying back shares. It pays a good dividend that has been growing for 48 consecutive years and is backed by a payout ratio under 65% of cash flow. We recommend setting a stop loss at $36.00, looking to achieve $64.50 -- upside potential over 42%. Yield 4.3% (Analysts’ price target is $64.50)
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick May 24/22, Down 20.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with HMC has triggered its stop $36. To remain disciplined, we recommend covering the position at this time.
DON'T BUY

Pays a good dividend but because the stock has fallen so much (they cut their dividend). He doesn't like apparel except Ralph Lauren.

DON'T BUY
Piper Sandler Teen Survey results

Fell to #5. Brands include Vans. He's stunned at how bad this once-great company is.

BUY

They reported a kitchen-sink quarter today where managers throw in everything bearish to get ahead of things. The new CEO has a fine track record and this was his first quarter at VFC: in-line sales, slightly weaker than expected earnings, slashed its free-cash guidance and cut dividend. He's pulling for them.

DON'T BUY

They've fallen behind in almost apparel category including VANS sneakers. The CEO warned that there's no quick fix. Is down 32% this year, though up 3.87% today.

DON'T BUY

Dicey. A great CEO, but all their inventory needs to be cleared before he can call this a buy.

DON'T BUY
Was cut from the S&P

It left in April, shares kept falling, not helped by reporting a bad quarter on May 22. It fell to a 52-week bottom, but has since recovered slightly.