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UPDATE: Stifel Raises PT on VF Corporation Ahead of 3Q13 Results Report


In a report published Friday, Stifel analyst Jim Duffy reiterated a Buy rating on VF Corporation (NYSE: VFC), and raised the price target from $207.00 to $235.00.

In the report, Stifel noted, “V.F. Corporation is scheduled to report 3Q13 results before market open on Monday, October 21, 2013. We expect a solid quarter relative to expectations helped by a rebound in Europe (aided by a strengthening euro), and Jeanswear coalition fundamentals . Despite a tepid back to school environment and cautious retailer ordering, we remain comfortable with our in-line revenue and EPS estimates of $3,339mn and $3.76 (in-line with consensus of: $3,339mn and $3.76). Of note, as per typical with the 3Q earnings release, we expect an increase to the dividend to close the gap with the targeted payout ratio of 40%.”

VF Corporation closed on Thursday at $201.89.

Latest Ratings for VFC

May 2019MaintainsNeutral
May 2019Initiates Coverage OnBuy
May 2019MaintainsNeutral

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Posted-In: Jim Duffy StifelAnalyst Color Price Target Analyst Ratings


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