Opinions
Jim Cramer - Mad Money
VF Corporation
VFC-N
DON'T BUY
Dec 04, 2023
$18.805
Stock price when the opinion was issued
Consumer Products
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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)
Consumer Products
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.
Consumer Products
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.