VF Corp (VFC)
NYSE:VFC
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VF
(NYSE:VFC)
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Rating:53Neutral
Price Target:
$17.00
▼(-19.05% Downside)
Action:Reiterated
Date:01/29/26
The score is held back primarily by stressed financial quality—high leverage and negative TTM operating/free cash flow—despite improved revenue and a return to modest profitability. Offsetting this is a more constructive earnings outlook (margin/cash flow and deleveraging targets) and improving technical momentum, while valuation remains a headwind due to the very high P/E.
Positive Factors
Brand portfolio strength
Several core brands showing sustained growth reduces reliance on any single label and supports durable top-line and margin recovery. Strong footwear and premium outerwear momentum (TNF, Timberland, Altra) underpin category diversification, distribution leverage, and pricing power over the medium term.
Negative Factors
Elevated leverage
Sustained high leverage constrains strategic flexibility and raises refinancing and interest risks if cash generation weakens. With equity base compressed and prior volatility in returns, the balance sheet remains vulnerable to cyclical slowdowns and limits room for M&A or aggressive reinvestment over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand portfolio strength
Several core brands showing sustained growth reduces reliance on any single label and supports durable top-line and margin recovery. Strong footwear and premium outerwear momentum (TNF, Timberland, Altra) underpin category diversification, distribution leverage, and pricing power over the medium term.
Read all positive factors
VF Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down sales by business segment, offering insight into which parts of the company are driving growth and how diversified the revenue streams are.
Breaks down sales by business segment, offering insight into which parts of the company are driving growth and how diversified the revenue streams are.
Data provided by:
The Fly
The FlyVF (VFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.61B
Dividend Yield1.95%
Average Volume (3M)6.52M
Price to Earnings (P/E)6.0
Beta (1Y)1.65
Revenue Growth-3.12%
EPS GrowthN/A
CountryUS
Employees18,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.56
Shares Outstanding391,263,340
10 Day Avg. Volume6,225,174
30 Day Avg. Volume6,523,806
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)4.11
Price to Sales (P/S)0.64
P/FCF Ratio18.00
Enterprise Value/Market Cap1.59
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit2.04
Enterprise Value/Ebitda10.93
Forecast
1Y Price Target
$20.33Price Target Upside-3.17% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)1.03
Revenue Forecast (FY)$9.55B
VF Business Overview & Revenue Model
Company Description
V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacif...
How the Company Makes Money
VF makes money primarily by selling branded apparel, footwear, and accessories through two main routes: wholesale and direct-to-consumer (DTC). In wholesale, VF sells products to third-party retailers (e.g., department stores, specialty stores, an...
VF Earnings Call Summary
Earnings Call Date:May 20, 2026
(Q4-2026)
| Next Earnings Date:Jul 24, 2026
Earnings Call Sentiment Positive
The call conveyed clear and measurable progress: return to revenue growth, meaningful gross margin and operating margin expansion, substantive deleveraging, strong brand-level momentum (The North Face, Altra, Timberland), and concrete operational improvements (faster product cycles, inventory discipline, AI/markdown analytics). Management also acknowledged near-term headwinds — Vans still contracting overall, EMEA softness, Q1 seasonality with a sizeable operating loss, and external risks from tariffs, oil-price-driven costs and the Middle East conflict. Overall the positives — durable margin expansion, balance sheet strengthening, and clear DTC-led recoveries — materially outweigh the near-term execution and macro headwinds.Positive Updates
Return to Top-Line Growth
Fiscal '26 revenue grew 1% for the full year (first year of growth in 3 years). Q4 revenue was $2.2 billion, up 3% year-over-year and above guidance (guided Q4 flat to +2%).
Negative Updates
Vans Remains a Drag
Vans was down 5% in Q4 and management expects Vans to be down mid-single-digits for the full fiscal year (improving from prior double-digit declines). Wholesale recovery remains incomplete and will take time to follow DTC momentum.
Read all updates
Q4-2026 Updates
Positive
Negative
Return to Top-Line Growth
Fiscal '26 revenue grew 1% for the full year (first year of growth in 3 years). Q4 revenue was $2.2 billion, up 3% year-over-year and above guidance (guided Q4 flat to +2%).
Read all positive updates
Company Guidance
VF reinstated full‑year FY27 guidance calling for revenue growth of +1% to +2% in constant dollars and an approximate 8% operating margin for the year (vs. 7% in FY26), while reiterating the medium‑term targets of ≥55% gross margin, a ≤2.5x leverage ratio by FY28 and a 10% operating‑margin exit run‑rate in FY28; they expect Q1 to be down low‑single‑digits on revenue with Q1 operating income of roughly a $100M loss (≈$40M worse than prior year) but forecast improving trends through H2. Management flagged brand‑level assumptions including Vans improving to a mid‑single‑digit full‑year decline (vs. –11% in FY26), continued Americas DTC growth, and ongoing growth at The North Face, Timberland and Altra; they also baked in a ~+0.5ppt revenue benefit from a 53rd week and a ~‑1ppt revenue hit from the Middle East conflict. The plan assumes tariffs could be reinstated (modeled as an incremental ~$70–80M headwind to gross margin, with mitigation actions in place), calls for inventory to be up to support growth, a step‑up in CapEx of roughly +$100M YoY (Timberland store expansion a driver), and expects FY27 free cash flow to be flat‑to‑up versus normalized FY26 FCF of ~$405M (FY26 FCF including a $100M pension benefit was ~$505M) while exiting FY27 with leverage of ~2.6–2.9x.VF Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
32
Negative
Cash Flow
27
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.58B | 9.50B | 9.92B | 11.09B | 11.84B | 9.24B |
| Gross Profit | 5.16B | 5.08B | 5.12B | 5.80B | 6.46B | 4.91B |
| EBITDA | 961.05M | 729.01M | 782.22M | 1.14B | 1.95B | 1.05B |
| Net Income | 223.41M | -189.72M | -968.88M | 118.58M | 1.39B | 407.87M |
Balance Sheet | ||||||
| Total Assets | 10.43B | 9.38B | 11.61B | 13.99B | 13.34B | 13.75B |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 429.38M | 814.89M | 814.89M | 1.28B | 1.41B |
| Total Debt | 5.34B | 5.37B | 7.43B | 8.15B | 6.80B | 7.36B |
| Total Liabilities | 8.65B | 7.89B | 9.95B | 11.08B | 9.81B | 10.70B |
| Stockholders Equity | 1.78B | 1.49B | 1.66B | 2.91B | 3.53B | 3.06B |
Cash Flow | ||||||
| Free Cash Flow | -665.70M | 339.21M | 803.60M | -900.92M | 535.97M | 1.04B |
| Operating Cash Flow | -534.62M | 465.24M | 1.01B | -655.79M | 864.29M | 1.31B |
| Investing Cash Flow | -1.11B | 1.43B | -172.26M | -188.05M | 903.74M | -2.90B |
| Financing Cash Flow | 824.48M | -2.15B | -959.62M | 463.91M | -1.27B | 1.05B |
VF Technical Analysis
Negative
21.00
Price Trends
17.95
Negative
18.70
Negative
16.87
Negative
Market Momentum
-0.49
Positive
36.78
Neutral
3.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VFC, the sentiment is Negative. The current price of 21 is above the 20-day moving average (MA) of 18.50, above the 50-day MA of 17.95, and above the 200-day MA of 16.87, indicating a bearish trend. The MACD of -0.49 indicates Positive momentum. The RSI at 36.78 is Neutral, neither overbought nor oversold. The STOCH value of 3.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VFC.
VF Risk Analysis
VF disclosed 37 risk factors in its most recent earnings report. VF reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
VF Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $8.06B | 11.94 | 28.33% | 2.58% | 2.61% | 30.39% | |
70 Outperform | $3.03B | 21.02 | 10.26% | 2.18% | 0.54% | -19.72% | |
70 Outperform | $3.55B | 10.31 | 50.10% | 3.36% | 20.78% | 20.89% | |
69 Neutral | $19.73B | 15.13 | 34.74% | 0.93% | 12.71% | 33.95% | |
64 Neutral | $3.70B | -4.69 | 0.53% | 0.22% | 3.44% | -96.10% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $6.61B | 6.01 | 14.79% | 1.95% | -3.12% | ― |
* Consumer Cyclical Sector Average
VFC
VF
16.74
4.87
40.99%
COLM
Columbia Sportswear
58.58
-4.80
-7.57%
PVH
PVH
79.42
-3.59
-4.33%
RL
Ralph Lauren
320.69
49.98
18.46%
LEVI
Levi Strauss & Co
20.78
3.91
23.14%
KTB
Kontoor Brands
64.03
-5.19
-7.50%
VF Corporate Events
Business Operations and StrategyExecutive/Board Changes
VF Corporation announces key senior leadership transition
Neutral
Jan 28, 2026
On January 26, 2026, V.F. Corporation announced senior leadership changes as part of a planned transition, reflecting an adjustment in how it organizes its commercial and regional leadership functions. Effective January 28, 2026, Brent Hyder, prev...
Business Operations and StrategyDividendsFinancial Disclosures
VF Reports Q3 2026 Results and Declares Dividend
Positive
Jan 28, 2026
On January 28, 2026, VF reported third-quarter fiscal 2026 results showing modest revenue growth, improved profitability and continued balance sheet strengthening, while its board declared a quarterly dividend of $0.09 per share payable on March 1...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.