VF (VFC)
NYSE:VFC
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VF
(NYSE:VFC)
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Rating:53Neutral
Price Target:
$17.00
▲(0.29% Upside)
Action:ReiteratedDate: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 (VFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.63B
Dividend Yield1.95%
Average Volume (3M)5.79M
Price to Earnings (P/E)6.0
Beta (1Y)1.52
Revenue Growth-3.12%
EPS GrowthN/A
CountryUS
Employees18,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.58
Shares Outstanding391,263,340
10 Day Avg. Volume4,785,263
30 Day Avg. Volume5,790,724
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 Cap1.64
Enterprise Value/Revenue1.13
Enterprise Value/Gross Profit2.11
Enterprise Value/Ebitda11.31
Forecast
1Y Price Target
$19.33Price Target Upside14.06% Upside
Rating ConsensusHold
Number of Analyst Covering17
EPS Forecast (FY)1.02
Revenue Forecast (FY)$9.53B
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 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 Earnings Call Summary
Earnings Call Date:Jan 28, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:May 15, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive and improving operational picture: the company returned to revenue growth in Q3, showed margin expansion, strong free cash flow generation, and substantial debt reduction. Several core brands (The North Face, Timberland, Altra) delivered robust results while DTC/e-commerce momentum and marketing/product initiatives signal durable recovery. Offsets include continued weakness at Vans (especially physical store traffic), regional softness in APAC and EMEA, tariff headwinds (~$40M in Q3; ~$100M YTD), a modest Q4 operating income guide, and a small YoY EPS decline. On balance the positive operational progress, debt reduction, and reiterated multi-year targets outweigh the near-term challenges.Positive Updates
Quarterly Revenue Growth and Beat
Q3 revenue was $2.8 billion, up 2% year-over-year on a constant dollar basis and above guidance (guidance was down 1% to down 3%). Over 75% of the business grew by revenue; excluding Vans and Dickies, revenue was up 5%.
Negative Updates
Vans Revenue Decline and Store Traffic Weakness
Vans revenue declined ~10% in Q3 (constant dollar, broadly in line with prior quarter); underlying trend described as down high-single-digits. While digital grew (e-commerce positive), physical store traffic remains down and has not yet recovered to positive levels.
Read all updates
Q3-2026 Updates
Positive
Negative
Quarterly Revenue Growth and Beat
Q3 revenue was $2.8 billion, up 2% year-over-year on a constant dollar basis and above guidance (guidance was down 1% to down 3%). Over 75% of the business grew by revenue; excluding Vans and Dickies, revenue was up 5%.
Read all positive updates
Company Guidance
Management's forward guidance: for Q4 they expect revenue flat to up 2% on a constant‑dollar basis (with ~+5% positive FX benefit to the top line), Q4 adjusted operating income of $10–$30 million, gross margin flat to slightly up versus last year, SG&A rate flat to slightly down, interest of about $30 million and a full‑year tax rate of ~33–34%; for fiscal 2026 they expect annual revenue flat to up, adjusted gross margin of 54.5% or better (within striking distance of the FY‑2028 55% target), operating margin of at least 6.5%, operating and free cash flow up year‑over‑year, and year‑end leverage at or below 3.5x (down from 4.1x), despite >$100 million of tariff headwinds and an estimated ~$35 million impact from the Dickies sale, while reiterating medium‑term goals of ~2.5x leverage and an approximate 10% exit‑run‑rate operating margin by FY‑2028; these targets sit against Q3 results of $2.8B revenue (+2%), a 12.1% adjusted operating margin and $0.58 adjusted EPS, with reported net debt down roughly $500–$600M year‑over‑year.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
Neutral
16.95
Price Trends
18.49
Negative
18.21
Negative
15.84
Positive
Market Momentum
-0.38
Negative
46.09
Neutral
57.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VFC, the sentiment is Neutral. The current price of 16.95 is above the 20-day moving average (MA) of 16.60, below the 50-day MA of 18.49, and above the 200-day MA of 15.84, indicating a neutral trend. The MACD of -0.38 indicates Negative momentum. The RSI at 46.09 is Neutral, neither overbought nor oversold. The STOCH value of 57.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $7.70B | 11.94 | 28.33% | 2.58% | -1.23% | 109.67% | |
71 Outperform | $3.73B | 15.01 | 45.05% | 3.36% | 9.90% | -12.67% | |
69 Neutral | $21.17B | 15.13 | 34.74% | 0.93% | 12.32% | 29.40% | |
63 Neutral | $2.91B | 17.00 | 10.53% | 2.18% | 2.76% | -7.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $3.79B | 117.41 | 0.53% | 0.22% | 0.52% | -45.80% | |
53 Neutral | $6.63B | 6.01 | 14.79% | 1.95% | -3.12% | ― |
* Consumer Cyclical Sector Average
VFC
VF
17.88
6.70
59.94%
COLM
Columbia Sportswear
57.88
-6.38
-9.93%
PVH
PVH
87.50
18.48
26.78%
RL
Ralph Lauren
375.40
182.98
95.09%
LEVI
Levi Strauss & Co
21.81
7.70
54.53%
KTB
Kontoor Brands
71.99
16.40
29.51%
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.