Opinions
Jim Cramer - Mad Money
VF Corporation
VFC-N
BUY
Oct 30, 2023
$17.120
Stock price when the opinion was issued
Consumer Products
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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)
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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.