VF Corp (VFC) Holds TheStreet's Buy-Rating Despite Retail Slowdown

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NEW YORK (TheStreet) -- Trifecta Stocks' Bryan Ashenberg and Bob Lang maintained their buy-rating on clothing manufacturer and marketer VF Corp (VFC) in their latest analysis, despite a slowdown in the retail environment and waning investor enthusiasm for apparel.

Though admitting the stock is "challenging", Ashenberg and Lang believe the market will realize the company's value as it continues to grow.

"We see upside from the company's overseas expansion and as the company fully builds out each of its portfolio brands' reach," they wrote in a note.

The company's brands include The North Face, Timberland, Vans, Lee and Wrangler. International sales currently contribute 37% of total sales, a figure expected to increase as the European market stabilizes.

VF Corp is set to report third-quarter earnings before the bell on October 21.

Shares are 0.11% lower to $194.51, as of 1:05 p.m. EST. Year to date, share price has risen 28.8%.

TheStreet Ratings team rates VF Corp as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate VF Corp (VFC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had subpar growth in net income."

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