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3Q17 Overview: VF Corporation Beats on Earnings, Revenues

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Series snapshot

VF Corporation (VFC) reported its 3Q17 results on October 23, 2017. The company cruised ahead of Wall Street earnings and sales expectations for the quarter. Its adjusted earnings per share from continuing operations increased 6% YoY (year-over-year) to $1.23 versus consensus expectations of $1.12.

VF Corporation’s total revenues from continuing operations rose 5% to $2.5 billion, beating expectations by $120.0 million. VFC also raised its full-year guidance. 

Please read the next four parts of this series to learn about the company’s recent financial performance and revised guidance.

VFC stock touched a two-year-high price of $71.94 on October 23 after exceeding expectations. Please read Part 6 of this series to learn about its recent stock market performance.

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Valuations summary and stock recommendations

VFC is currently trading at a one-year forward PE (price-to-earnings) ratio of 21.3x, touching the upper end of its 52-week valuations. The company trades at a premium to branded apparel peers PVH Corp. (PVH) (15.5x), Gap (GPS) (12.9x), and Hanesbrands (HBI) (11.2x).

VFC is covered by 23 Wall Street analysts. Of these analysts, 39% recommend buying VFC stock, 57% favor holding it, and 4% suggest selling the stock. Please read Part 7 for an overview of Wall Street recommendations on the company.

About VFC

Established in 1899, VF Corporation is one of the largest apparel companies in the world. It sells a range of products including jeanswear, casual outerwear, footwear, backpacks, sportswear, occupational apparel, and performance apparel. It owns the iconic American denim brands Lee and Wrangler, as well as Vans, The North Face, and Timberland.

With a market capitalization of $27.5 billion on October 24, VF Corporation has a weight of 2.9% in the Morningstar Wide Moat ETF (MOAT).

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