VF Corp. (VFC) Stock Down Ahead of Q2 Earnings
NEW YORK (TheStreet) -- Shares of VF Corp. (VFC) - Get Report are sliding 1.20% to $63.45 in trading Thursday afternoon ahead of the company's fiscal second quarter results expected before tomorrow's opening bell.
Analysts expect the Greensboro, NC-based apparel and footwear company to post earnings of 34 cents per share on revenue of $2.53 billion.
Last year, VF posted second quarter earnings of 40 cents per share on revenue of $2.51 billion.
VF owns a variety of different brands, including The North Face, Vans and Wrangler, among others.
Last month, the company announced it would be selling its contemporary brands business to Delta Galil Industries (DELTY) for $120 million. Brands involved in the transaction were 7 for All Mankind, Splendid and Ella Moss.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate VF CORP as a Buy with a ratings score of B. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: VFC
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