In a report released today, Tom Nikic from Needham maintained a Buy rating on VF, with a price target of $19.00.
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Tom Nikic’s rating is based on a combination of factors that suggest potential for future growth despite current challenges. Although VF Corporation’s recent quarter showed mixed results, with most brands performing well but Vans still struggling, there are signs that the situation could improve. Nikic anticipates that the issues affecting Vans may ease by the end of fiscal year 2026 and into 2027, thanks to strategic changes and new initiatives led by the brand’s president, Sun Choe.
Additionally, the company’s revenue decline was less severe than expected, and earnings per share surpassed market expectations, indicating resilience in their operations. While the forecast for the upcoming quarter aligns with market consensus, the company’s efforts to address current challenges and the potential for improvement in key areas like Vans contribute to the optimistic Buy rating.