VF Corporation (VFC) A Safe Long Term Investment

According to Barron’s garment producer VF Corporation (NYSE: VFC) is a safe long term investment. VF Corporation owns a string of high profile brands like North Face, Nautica and Wrangler. In the current year, the stock was up only by 29% while the shares of its competitors registered an average growth of 44%. Although VF Corporation missed analysts’ 3rd quarter earnings estimates, there are many positives in the stock. A 3.4 % dividend yield and a $2.59 a share in free cash flow are some such.

Barron’s also quoted that Omar Saad, Analyst, Credit Suisse has forecast that VF Corporation may achieve earnings of $6 per share in 2010. Saad arrived at these projections based on a conservative sales growth of 3% and a fall in input costs.