F5 Inc. (FFIV) pops after announcing a $1B share buyback program and posting a 19% increase in software revenue. VFC Corp. (VFC) also saw an earnings boost.
Vans parent VF Corp turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday, benefiting from sequential improvement in its direct-to-consumer business and leaner inventory, sending its shares up about 16% after the bell.
VFC's second-quarter fiscal 2025 results are likely to reflect the impacts of a tough operating environment and dismal wholesale performance.
A negative analyst note weighed on the stock.
Get a deeper insight into the potential performance of V.F. (VFC) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Shares of Vans and The North Face owner VF Corporation (VFC) slumped Monday as JPMorgan put the apparel giant on its “Negative Catalyst Watch” list and warned about its financial outlook.
V.F. (VFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
V.F. Corporation is actively deleveraging its balance sheet, notably selling Supreme for $1.5 billion to pay down significant debt. CEO Bracken Darrell, with a successful turnaround history at Logitech, is leading the revitalization efforts, focusing on innovation and cost control. Vans' performance is crucial, with new leadership and early signs of product innovation showing potential for brand recovery.
In the closing of the recent trading day, V.F. (VFC) stood at $18.65, denoting no change from the preceding trading day.
VFC continues to witness growth, fueled by the Reinvent program, cost-reduction initiatives, and strategic efforts to streamline operations and reduce leverage.
Barclays analyst Adrienne Yih upgraded V.F. Corporation VFC from Equal-Weight to Overweight, raising the price forecast from $19 to $22.
Barclays upgraded the shares of apparel company VF Corporation (NYSE:VFC) to "overweight" from "equal weight," and hiked its price target to $22 from $19.