VF Corporation (NYSE: VFC) Stock Price Target Raised by Analysts
Analyst Upgrades
Telsey Advisory Group has increased their target price on VF Corporation (NYSE: VFC) from $15.00 to $19.00. Additionally, TD Securities has boosted its price target on the stock. Evercore ISI analyst Michael Binetti has maintained a Hold rating on VF.
Company Financials
VF Corporation recently released its fiscal Q1 2025 results. The company reported revenue of $2.4 billion, an increase of 4% year-over-year. Net income was $235 million, a 15% increase compared to the same period last year. Earnings per share were $1.02, which exceeded analysts' estimates.
Analyst Commentary
Analysts have provided mixed reactions to VF Corporation's earnings report. Telsey Advisory Group cited the company's strong execution and improving margins as reasons for their target price increase. TD Securities praised VF's continued growth in emerging markets. However, Evercore ISI remained cautious, citing concerns about the macroeconomic environment and the impact on consumer spending.
Outlook
VF Corporation has provided guidance for the full-year 2025. The company expects revenue growth of 4-6% and earnings per share growth of 8-10%. Analysts are generally optimistic about VF's long-term prospects, citing its strong brand portfolio and global reach.
Comments