Tom Nikic, an analyst from Needham, maintained the Buy rating on VF (VFC – Research Report). The associated price target remains the same with $28.00.
Tom Nikic has given his Buy rating due to a combination of factors that highlight VF Corporation’s potential for growth. Despite investor concerns about the absence of specific revenue and earnings targets, the company has reaffirmed its cost-related goals for the fiscal year 2028, projecting a significant EBIT benefit. Additionally, the potential for increased revenue could lead to a notable improvement in profit margins. Nikic believes that if VF Corporation achieves earnings of $2.00-$3.00 per share by fiscal year 2028, compared to an estimated $0.72 in fiscal year 2025, the stock price could see substantial gains in the next 18 to 24 months.
Overall, Nikic views VF Corporation as an attractive long-term investment opportunity, considering it a promising turnaround story. The company’s strategic focus on brand development and cost management is expected to drive future growth, making the stock a compelling buy for investors looking for potential upside in the coming years.
Nikic covers the Consumer Cyclical sector, focusing on stocks such as Foot Locker, Steven Madden, and Deckers Outdoor. According to TipRanks, Nikic has an average return of 3.4% and a 42.76% success rate on recommended stocks.