Skip to main content

Market Overview

These Analysts Revise Their Forecasts On VF Corp After Q4 Results

Share:
These Analysts Revise Their Forecasts On VF Corp After Q4 Results

V.F. Corporation (NYSE:VFC) reported mixed fourth-quarter results on Wednesday.

The company reported quarterly adjusted earnings per share of 13 cents loss, beating the street view of 14 cents loss. Quarterly sales of $2.14 billion (down 5% year over year) missed the analyst consensus estimate of $2.18 billion.

"The transformation of VF is well underway," said Bracken Darrell, president and CEO. "In FY25, we achieved our goals to lower our cost base and strengthen our balance sheet. We delivered on our initial target of $300 million gross cost savings and are on track towards our medium-term targets of $500 to $600 million net operating income expansion."

VF Corp said it expects first-quarter revenue to decline 3% to 5% year over year, with an adjusted operating loss between $110 million and $125 million.

VF Corp shares fell 0.7% to trade at $12.06 on Thursday.

These analysts made changes to their price targets on VF Corp following earnings announcement.

  • UBS analyst Jay Sole maintained VF with a Neutral and lowered the price target from $16 to $14.
  • Wells Fargo analyst Ike Boruchow maintained the stock with an Equal-Weight rating and lowered the price target from $13 to $12.
  • Truist Securities analyst Joseph Civello maintained VF with a Hold and lowered the price target from $24 to $13.

Considering buying VFC stock? Here’s what analysts think:

Read This Next:

Photo via Shutterstock

 

Related Articles (VFC)

View Comments and Join the Discussion!

Posted-In: PT ChangesEarnings News Price Target Markets Trading Ideas

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com