Tags: VF Corp. | VFC | retail | stocks

VF Corp. Aims for New Sales Highs

By    |   Wednesday, 20 Jul 2011 12:14 PM

Strong brands give apparel makers much-needed clout. They can weather hard times more easily and pass-along price increase to customers. VF Corp. (VFC) is in that fortunate group. The world’s largest apparel maker owns more than 30 strong brands, including Wrangler, Nautica, and The North Face. And in June, VF Corp. pounced on Timberland, known for its rugged boots. Timberland fits into its new parent’s fast-growing outdoor sports apparel business, now already 50 percent of revenues.

VF Corp. already is trudging on to conquer new peaks. First-quarter revenues for outdoor sports apparel rose 16 percent from a year ago. Jeanswear, imagewear, and sportswear divisions also grew strongly. Total revenues for VF Corp. rose 12 percent to $1,958.8 million versus 1,749.9 million last year. Earnings per share shot up 25 percent.

VF Corp. executives have crafted a five-year plan that sets 10 percent annual revenue growth targets and 12 percent earnings per share. International revenues, already strong in Asia, are slated to grow 15 percent.

Solid yield, strong growth

VF Corp. stock, though, seems expensive. Of the 19 analysts tracked by Thomson/First Call, six have strong buy recommendations and two have buys, with 11 holds.

But Zacks Investment Research still finds VF Corp. attractive. Analysts have a buy recommendation on the apparel maker, citing its strong brands, solid dividend yield of 2.4 percent, and double-digit revenue growth.

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Strong brands give apparel makers much-needed clout. They can weather hard times more easily and pass-along price increase to customers. VF Corp. (VFC) is in that fortunate group. The world s largest apparel maker owns more than 30 strong brands, including Wrangler,...
VF Corp.,VFC,retail,stocks
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2011-14-20
Wednesday, 20 Jul 2011 12:14 PM
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