V.F. Corporation ($VFC) Stock Forecast: Up 25.7% Today

What is V.F. Corporation?

VFC (NYSE: VFC) VFC Corporation, the parent company of popular brands like Vans and The North Face, experienced a strong bullish movement in the stock market today.

Why is V.F. Corporation going up?

VFC stock is up 25.7% on Oct 29, 2024 19:51

• VFC shares surged after the company reported better-than-expected second-quarter financial results, including revenue of $2.8 billion which surpassed expectations.
• Multiple analysts raised their price targets on VFC following the positive earnings report, indicating growing confidence in the company's performance.
• The market reacted positively to the news of revenue beat, EPS beat, and the company's cost reduction efforts being on track, leading to an optimistic outlook for VFC's future performance.

VFC Price Chart

VFC Technical Analysis

VFC News

VF Corporation Shares Are Up Today: What You Need To Know - VF ( NYSE:VFC )

VF Corporation VFC shares are trading higher Tuesday after the company reported better-than-expected second-quarter financial results. Multiple analysts also raised price targets on Tuesday. Here's what you need to know. What To Know: VF Corp reported revenue of $2.8 billion, surpassing the ...

https://www.benzinga.com/news/earnings/24/10/41608038/vf-corporation-shares-are-up-today-what-you-need-to-know

These Analysts Boost Their Forecasts On VF Corp Following Better-Than-Expected Results - VF ( NYSE:VFC )

V.F. Corporation VFC reported better-than-expected second-quarter financial results on Monday. VF Corp, the parent company of Vans and The North Face, reported second-quarter revenue of $2.8 billion, beating the consensus estimate of $2.7 billion, according to Benzinga Pro.

https://www.benzinga.com/news/earnings/24/10/41599918/these-analysts-boost-their-forecasts-on-vf-corp-following-better-than-expected-results

VF Corp Q2 Earnings: Revenue Beat, EPS Beat, Cost Reductions On Track, Guidance And More - VF ( NYSE:VFC )

V.F. Corp VFC reported second-quarter financial results after the market close on Monday. Here's a rundown of the report. Q2 Earnings: VF Corp, the parent company of Vans and The North Face, reported second-quarter revenue of $2.8 billion, beating the consensus estimate of $2.7 billion, according ...

https://www.benzinga.com/news/earnings/24/10/41587808/vf-corp-q2-earnings-revenue-beat-eps-beat-cost-reductions-on-track-guidance-and-more

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V.F. Corporation Price History

20.07.2024 - VFC Stock was down 5.1%

• V.F. Corporation (VFC) experienced a bearish movement likely due to the pressure from activist hedge fund Engaged Capital.
• The activist pressure might have raised concerns among investors about potential changes in the company's strategy or leadership, leading to a sell-off of VFC shares.
• Despite a recent stock rally, the sudden bearish movement could be a result of uncertainty surrounding the company's future direction under activist influence.
• Investors are closely watching how V.F. Corporation navigates this activist pressure and whether it impacts the company's long-term growth prospects.

29.09.2024 - VFC Stock was up 22.3%

• V.F. Corporation (VFC) saw a strong bullish movement following its better-than-expected second-quarter financial results, including a revenue beat of $2.8 billion compared to the consensus estimate of $2.7 billion.
• Analysts have increased their forecasts on V.F. Corporation (VFC) after the positive earnings report, indicating growing confidence in the company's performance.
• The cost reductions on track, positive guidance, and overall strong performance of V.F. Corporation (VFC) likely contributed to the bullish market movement today.

29.09.2024 - VFC Stock was up 25.7%

• VFC shares surged after the company reported better-than-expected second-quarter financial results, including revenue of $2.8 billion which surpassed expectations.
• Multiple analysts raised their price targets on VFC following the positive earnings report, indicating growing confidence in the company's performance.
• The market reacted positively to the news of revenue beat, EPS beat, and the company's cost reduction efforts being on track, leading to an optimistic outlook for VFC's future performance.

29.09.2024 - VFC Stock was up 23.2%

• Reported strong second-quarter earnings, with revenue exceeding expectations at $2.8 billion.
• Cost reduction efforts of the company appear to be on track, indicating improved operational efficiency.
• Positive guidance from VFC might have boosted investor confidence, leading to the bullish movement in the stock price.
• Market seems to be responding favorably to VFC's performance and outlook, driving the stock higher.

18.06.2024 - VFC Stock was up 8.3%

• VFC stock saw a bullish movement following recent news of EssilorLuxottica's acquisition of the Supreme streetwear brand from VF Corp for $1.5 billion.
• The upgrade of VF Corp shares to a buy rating and the increase in price target also contributed to the positive sentiment around the stock.
• The acquisition deal with EssilorLuxottica allows VF Corp to streamline its brand portfolio and focus on its core brands, potentially unlocking more value for shareholders.
• Overall, the market reacted positively to these strategic moves by VF Corp, leading to the bullish movement in the stock price.

17.06.2024 - VFC Stock was up 11.7%

• VFC's stock surged after the company announced the sale of its Supreme brand to EssilorLuxottica for $1.5 billion in cash. This move is seen as a strategic decision to focus on core operations and unlock value for shareholders.
• The sale of Supreme, known for its streetwear and cult following, could streamline VFC's portfolio and allow it to concentrate on brands with more synergies, potentially boosting profitability.
• Investors seem to be reacting positively to this news, as it signals VFC's proactive approach to restructuring and optimizing its business, which could lead to improved financial performance in the future.

17.06.2024 - VFC Stock was up 13.9%

• The surge in VFC's stock price could be linked to the optimistic reception of the $1.5 billion deal to offload its Supreme brand to EssilorLuxottica.
• Investors may interpret this strategic step as a means for VFC to focus more on its core apparel and footwear business, potentially enhancing its financial performance going forward.
• The market's positive response might also stem from the clarity offered by VFC's financial strategy, particularly in the decision to divest Supreme amidst waning sales and decreasing interest in streetwear, signaling a proactive stance in adapting to evolving market trends.

17.06.2024 - VFC Stock was up 13.0%

• VF Corp's stock surged after announcing the sale of its Supreme brand to EssilorLuxottica for $1.5 billion in cash, indicating a strategic move to streamline its portfolio and focus on core brands.
• The market reacted positively to the news, as investors likely see the divestiture of Supreme as a value-enhancing decision that could lead to improved financial performance in the long run.
• The sale of Supreme could potentially unlock new growth opportunities for VF Corp by allowing them to allocate resources more efficiently and concentrate on brands with higher synergies and growth potential.
• This bullish movement also reflects investor confidence in VF Corp's ability to adapt to changing market dynamics and make strategic decisions to drive shareholder value.

13.07.2024 - VFC Stock was up 7.5%

• VF Corp's stock rallied by 34%, driven by several factors:
• An increase in VF Corp's price target to $14 by BMO while maintaining its rating, indicating positive analyst sentiment.
• Despite facing disruptions in Bangladesh due to political unrest, VF Corp posted a smaller Q1 revenue drop than expected, attributed to better demand in China.
• The company's Q1 loss increased but beat estimates, showcasing resilience and potential for recovery.
• Engaged Capital's interest in VF Corp as a top holding could have also contributed to the bullish movement, signaling confidence from prominent investors.

13.07.2024 - VFC Stock was up 5.1%

• VFC witnessed a bullish trend attributed to various factors:
• Interest from Engaged Capital potentially bolstered investor confidence in the company's future.
• BMO's upward revision of VFC's price target signaled positive sentiment and growth expectations.
• Despite challenges in Bangladesh, VFC reported a smaller revenue decline than anticipated due to strong demand in China.
• Exceeding Q1 loss projections likely reassured investors of the company's resilience and ability to overcome obstacles.
• In summary, VFC's ability to perform well amidst global disruptions and its strategic initiatives appear to have impressed investors, resulting in a bullish market response.

07.07.2024 - VFC Stock was up 6.1%

• A price target increase by BMO to $14 and maintenance of its rating signifies a positive outlook on VF Corp's future performance.
• VF Corp's Q1 revenue drop was smaller than expected, attributed to better demand in China, showing resilience amid challenges.
• Despite an increase in Q1 loss, VF Corp surpassed estimates, indicating the effectiveness of its strategic measures in mitigating losses.
• The reaffirmation of FY25 free cash flow guidance and a moderated rate of decline quarter-over-quarter suggest a possible turnaround in VF Corp's financial performance, boosting investor confidence.

07.07.2024 - VFC Stock was up 11.6%

• VFC's stock saw a bullish movement today despite posting a smaller revenue drop than expected in Q1 and beating loss estimates. This could be attributed to several factors:
• Better-than-expected performance in China, where demand has been stronger, potentially offsetting challenges faced in other regions.
• Investors may be optimistic about the company's ability to navigate disruptions in production and the overall retail environment, as indicated by the moderated rate of decline quarter-over-quarter.
• The reaffirmation of FY25 free cash flow guidance and the positive outlook from VF Corporation's CEO could have instilled confidence in investors, contributing to the bullish market movement.