Last $76.88 USD
Change Today -0.73 / -0.94%
Volume 1.9M
VFC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

vf corp (VFC) Snapshot

Open
$77.39
Previous Close
$77.61
Day High
$77.55
Day Low
$76.70
52 Week High
02/25/15 - $77.83
52 Week Low
04/11/14 - $57.57
Market Cap
33.2B
Average Volume 10 Days
3.1M
EPS TTM
$3.09
Shares Outstanding
431.9M
EX-Date
03/6/15
P/E TM
24.9x
Dividend
$1.28
Dividend Yield
1.44%
Current Stock Chart for VF CORP (VFC)

vf corp (VFC) Details

V.F. Corporation designs, manufactures, or sources from independent contractors various apparel and footwear products primarily in the United States and Europe. The company offers outdoor apparel, footwear and equipment, sports and adventure footwear and apparel, handbags, luggage, backpacks, accessories, merino wool socks, women’s activewear, packs, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands. It also provides denim and casual bottoms, and tops under the Wrangler, Lee, Lee Casuals, Riders, Rustler, and Timber Creek by Wrangler brands, as well as fashion denim and sportswear under the Rock & Republic brand. In addition, the company offers occupational, protective occupational, athletic, licensed athletic, and licensed apparel products under the Red Kap, Bulwark, Horace Small, Majestic, MLB, NFL, and Harley-Davidson brands; and fashion sportswear, denim bottoms, sleepwear, and underwear, as well as handbags, luggage, backpacks, and accessories under the Nautica and Kipling brands. Further, it provides premium denim and casual bottoms, sportswear, and accessories, as well as premium lifestyle apparel under the 7 For All Mankind, Splendid, and Ella Moss brands. The company sells its products to specialty stores, department stores, national chains, and mass merchants, as well as sells through company operated stores and e-commerce sites. V.F. Corporation was founded in 1899 and is headquartered in Greensboro, North Carolina.

vf corp (VFC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $750.0K
Group President of International and Vice Pre...
Total Annual Compensation: $870.0K
Vice President and Group President of Jeanswe...
Total Annual Compensation: $600.0K
Senior Vice President of Americas
Total Annual Compensation: $635.0K
Compensation as of Fiscal Year 2013.

vf corp (VFC) Key Developments

V.F. Corporation Reaches Settlement with RevoLaze, LLC in Patent Infringement Case

RevoLaze, LLC announced that it has reached a settlement and license agreement with VF Corporation regarding the patent infringement lawsuits filed with the International Trade CommissionAugust 18, 2014 and Cleveland U.S. District Court on August 15, 2014 naming 17 denim jeans companies. The financial terms of the agreement are confidential.

V.F. Corporation Mulls Acquisitions

V.F. Corporation (NYSE:VFC) intends to pursue acquisitions. "We're probably as frustrated as you are about our lack of getting anything done recently. However, we remain very disciplined, and when we find the right opportunity to make strategic and value creation sense for us we are in a great position to pull the trigger and go. We have a lot of capacity to acquire," said Chief Executive Officer Eric Wiseman. Asked whether the strong dollar makes European acquisitions look more attractive, he said: "Of course, yes it does."

V.F. Corporation Declares Quarterly Dividend, Payable on March 20, 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 3, 2015; Reports Impairment Charges for the Fourth Quarter Ended January 3, 2015; Provides Earnings Guidance for 2015

V.F. Corporation's board of directors declared a quarterly dividend of $0.32 per share, payable on March 20, 2015 to shareholders of record on March 10, 2015. The company reported unaudited consolidated earnings results for the fourth quarter and year ended January 3, 2015. For the quarter, total revenues were $3,578.9 million against $3,290.1 million last year, driven by strong growth in Outdoor & Action Sports coalition and international and direct-to-consumer businesses. On a currency neutral basis, revenues increased 11% over the 2013 quarter. Operating income was $181.6 million against $508.4 million last year. Income before income taxes was $160.3 million against $486.7 million last year. Net income was $122.1 million against $367.7 million last year. Basic and diluted earnings per share were $0.28 against diluted earnings per share of $0.82 last year. Operating income on an adjusted basis grew 14% to $578 million in the fourth quarter, compared with $508.4 million in the same period of 2013. Adjusted diluted earnings per share increased 20% to $0.98 compared with $0.82 during the same period last year. Net income, as adjusted was $428.9 million against $367.7 million last year. For the year, total revenues were $12,282.2 million against $11,419.6 million last year. Operating income was $1,437.7 million against $1,647.1 million last year. Income before income taxes was $1,352.4 million against $1,562.5 million last year. Net income was $1,047.5 million against $1,210.1 million last year. Diluted earnings per share were $2.38 against diluted earnings per share of $2.71 last year. Cash provided by operating activities was $1,697.6 million against $1,506.0 million last year. Capital expenditures were $234.1 million against $271.2 million last year. Operating income on an adjusted basis was $1,834.1 million compared with $1,647.1 million in the same period of 2013. Adjusted diluted earnings per share were $3.08 compared with $2.71 during the same period last year. Net income, as adjusted was $1,354.3 million against $1,210.1 million last year. Revenues increased 8% driven by continued strength in Outdoor & Action Sports coalition, and international and direct-to-consumer businesses. On a currency neutral basis, revenue increased 8% for the year. For the quarter, impairment of goodwill and intangible assets was $396.4 million. For 2015, revenue is expected to increase by 8% on a currency neutral basis (up 3% reported). Gross margin is expected to improve by 40 basis points to reach 49.2%, which includes a 30 basis point headwind from changes in foreign currency. Operating margin is expected to reach 15.0%, including the negative impact of changes in foreign currency. Earnings per share, on a currency neutral basis, is expected to increase 12% (up 4% reported) compared to an adjusted EPS of $3.08 in 2014. Cash flow from operations should reach $1.3 billion. The year over year comparison is impacted by a $250 million contribution to fully fund the company’s U.S. pension plan made in the first quarter of 2015, the significant cash received in the 53rd week of 2014 and the negative impact of changes in foreign currency. Other full year assumptions include a 24% effective tax rate and capital expenditures of approximately $225 million. In terms of revenue comparisons in 2015, on a currency neutral basis, the company expects relatively consistent growth comparisons quarter-by-quarter throughout the year. Due to the rapid strengthening of the USD in the second half of 2014, reported revenue comparisons in the second half of 2015 will be slightly stronger than in the first half. In terms of earnings cadence in 2015, the negative impact of currency movements is more pronounced in the first half of the year, especially in the first quarter when foreign currencies in 2014 were at their strongest level against the USD and international business mix is particularly high.

 

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Industry Analysis

VFC

Industry Average

Valuation VFC Industry Range
Price/Earnings 32.6x
Price/Sales 2.7x
Price/Book 5.9x
Price/Cash Flow 32.0x
TEV/Sales 2.5x
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