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VFC $20

VFC target price
20.00
0
40
VF Corporation
Type
Public
Traded as NYSE: VFC
S&P 500 Component
Industry clothing, accessories
Founded October 1899; 118 years ago (1899-10) (as Reading Glove and Mitten Manufacturing Company)
Reading, Pennsylvania, U.S.
Headquarters Greensboro, North Carolina, U.S.
Key people
Eric Wiseman
(Chairman)
Steve Rendle
(President and CEO)
Revenue
  • Increase US$ 12.3 billion (2014)
  • Increase US$ 10.879855 billion (2012)
Operating income
  • Increase US$ 1.647147 billion (2013)
  • Increase US$ 1.465267 billion (2012)
Net income
  • Increase US$ 1.210119 billion (2013)
  • Increase US$ 1.085999 billion (2012)
Total assets
  • Increase US$ 10.315443 billion (2013)
  • Increase US$ 9.633021 billion (2012)
Total equity
  • Increase US$ 6.077038 billion (2013)
  • Increase US$ 5.125625 billion (2012)
Number of employees
58,000 (2011)
Website vfc.com

VF Corporation is an American worldwide apparel and footwear company founded in 1899 and headquartered in Greensboro, North Carolina. The company’s more than 30 brands are organized into five product categories: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands. The company controls 55% of the U.S. backpack market with the Jansport, Eastpak, Timberland and North Face brands.

The company was established first as Reading Glove and Mitten Manufacturing Company in Pennsylvania in October 1899 by John Barbey and a group of investors. The company was started with $11,000 and a 320-square-foot (30 m) factory that was leased for $60/month. It was incorporated in Pennsylvania on December 4 of that same year. The manufacture of undergarments began in 1919, accompanied by a name change to Vanity Fair Mills. Shares were initially sold to the public in 1951.

The H.D. Lee Company (now Lee) was acquired by the company in 1969 and the corporate name was changed to VF Corporation, a fictitious name that is not legally registered, to reflect the more diverse product line. Blue Bell Inc., the owner of such brands as Wrangler and JanSport, was acquired in 1986, effectively doubling the size of VF and making it the largest publicly held clothing company.

In 1998, VF moved its headquarters from Wyomissing, Pennsylvania to Greensboro, North Carolina to be closer to more of its operations.

The company announced the purchase of VF Corporation's "Vanity Fair" lingerie business by Fruit of the Loom for $350 million in cash on January 23, 2007.

On February 28, 2007, VF Corporation acquired Majestic Athletic. On July 26, 2007, VF Corporation announced the purchase of 7 for all Mankind and lucy Activewear for a combined $885 million. Eric C. Wiseman became President, CEO, and Chairman in 2008. Effective January 1, 2017 Steve Rendle took over CEO and President responsibilities.

In 2011, VF Corporation announced its intention to purchase Timberland for $2.2 billion. The deal closed in September 2011. On December 21, 2012, VF Imagewear was awarded a multimillion-dollar contract to provide uniforms and insignia for Customs and Border Protection officers. In February 2013, Imagewear was awarded a $50-million contract to manufacture uniforms for Transportation Security Administration officers.

In 1970, it was the suggestion of M.O. Lee, then President of VF Corporation, that established the VF Outlet business that Surplus products from VF sources including Berkshire International and Vanity Fair were sold to the public from a 5,000 square foot factory store, with only a drop cloth separating it from the company's manufacturing facility. In doing so, VF Corporation created a brand-new retail industry, the outlet mall.

VF Outlet stores offer everyday apparel including brand name jeans, intimate apparel, activewear, swimwear, and more for women, men and children. The company currently operates 79 stores in 31 states nationwide.

In October 2013, VF Outlet launched their ECommerce store.

VF Corporation, which opened their first VF Outlet factory store in 1970, was one of the earliest outlet operations, and opened their first outlet center in the country, in Reading, Pennsylvania. The outlet mall, located in Vanity Fair's old manufacturing mills, was dubbed the official "Outlet Capital of the World." The corporate name was changed from VF Outlet Village to VF Outlet Center in 2008.

Today, the VF Outlet Center is owned and operated by VF Outlet, Inc. with over 1,000,000 square feet of retail space and more than 20 stores.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2023 2022-10-20 Future report Set alerts
Q1 2023 2022-07-28 0.09 0.09
Q4 2022 2022-05-19 0.45 0.45
Q3 2022 2022-01-28 1.36 1.36
Q2 2022 2021-10-22 1.11 1.11
Q1 2022 2021-07-30 0.27 0.27
Q4 2021 2021-05-21 0.27 0.27
Q3 2021 2021-01-27 0.93 0.93
Q2 2021 2020-10-16 0.67 0.67
Q2 2020 2020-10-16 0.67 0.62

Ratings

2016-06-30 Reiterated Rating Canaccord Genuity Buy $82.00
2016-06-01 Reiterated Rating Morgan Stanley Underperform $52.50
2016-05-16 Reiterated Rating Robert W. Baird Buy
2016-05-12 Reiterated Rating Goldman Sachs Buy
2016-05-12 Reiterated Rating Goldman Sachs Group Inc. Buy
2016-05-02 Reiterated Rating Robert W. Baird Buy
2016-05-02 Reiterated Rating Brean Capital Buy $66.00
2016-05-01 Reiterated Rating B. Riley Neutral $63.00
2016-04-30 Reiterated Rating Piper Jaffray Buy
2016-04-30 Reiterated Rating Piper Jaffray Cos. Buy
2016-04-27 Reiterated Rating Canaccord Genuity Buy
2016-04-26 Reiterated Rating B. Riley Neutral $63.00
2016-04-25 Downgrade BB&T Corp. Buy to Hold
2016-04-12 Reiterated Rating Deutsche Bank Buy
2016-04-12 Reiterated Rating Deutsche Bank AG Buy
2016-04-05 Reiterated Rating Canaccord Genuity Buy $82.00
2016-02-23 Lower Price Target Deutsche Bank Buy $72.00 to $67.00
2016-02-22 Lower Price Target Buckingham Research Buy $78.00 to $70.00
2016-02-22 Lower Price Target DA Davidson Buy $78.00 to $72.00
2016-02-22 Lower Price Target Nomura Buy $70.00 to $68.00
2016-02-22 Boost Price Target Susquehanna Positive $66.00 to $68.00
2016-02-22 Lower Price Target KeyBanc Overweight $86.00 to $80.00
2016-02-22 Lower Price Target Goldman Sachs Buy $75.00 to $73.00
2016-02-22 Lower Price Target BB&T Corp. Buy $70.00
2016-02-22 Lower Price Target Telsey Advisory Group Outperform $75.00 to $70.00
2016-02-22 Lower Price Target Brean Capital Buy $70.00 to $66.00
2016-02-22 Lower Price Target Barclays Overweight $78.00 to $72.00
2016-02-22 Reiterated Rating B. Riley Neutral $63.00
2016-02-22 Lower Price Target Nomura Holdings Inc. Buy $70.00 to $68.00
2016-02-22 Lower Price Target KeyCorp Overweight $86.00 to $80.00
2016-02-22 Lower Price Target Barclays PLC Overweight $78.00 to $72.00
2016-02-19 Initiated Coverage Macquarie Outperform $90.00
2016-02-18 Reiterated Rating Canaccord Genuity Buy $83.00 to $82.00
2016-02-17 Lower Price Target Deutsche Bank Buy $75.00 to $72.00
2016-02-17 Reiterated Rating B. Riley Neutral $66.00
2016-02-16 Downgrade Stifel Nicolaus Buy to Hold
2016-02-16 Reiterated Rating Piper Jaffray Overweight $72.00
2016-02-08 Lower Price Target JPMorgan Chase & Co. Overweight $75.00 to $66.00
2016-01-21 Lower Price Target Goldman Sachs Buy $84.00 to $75.00
2016-01-14 Lower Price Target Nomura $75.00 to $70.00
2016-01-12 Upgrade Sterne Agee CRT Underperform to Neutral
2016-01-11 Downgrade Morgan Stanley Equal Weight to Underweight $66.00 to $58.00
2016-01-09 Reiterated Rating B. Riley Neutral $66.00
2016-01-05 Lower Price Target Piper Jaffray Overweight $80.00 to $72.00
2016-01-03 Downgrade B. Riley Buy to Neutral $64.00
2015-12-14 Lower Price Target Deutsche Bank Buy $82.00 to $75.00
2015-12-11 Lower Price Target Susquehanna Positive $76.00 to $73.00
2015-12-02 Reiterated Rating Deutsche Bank Buy
2015-11-23 Lower Price Target Goldman Sachs Buy $93.00 to $85.00
2015-11-13 Reiterated Rating Canaccord Genuity Buy $88.00
2015-11-12 Downgrade Sterne Agee CRT Neutral to Underperform $65.69 to $57.00
2015-11-02 Lower Price Target Janney Montgomery Scott $78.00
2015-11-02 Lower Price Target Citigroup Inc. Buy $84.00 to $81.00
2015-10-31 Reiterated Rating B. Riley Buy $73.00
2015-10-29 Lower Price Target Barclays Overweight $80.00 to $78.00
2015-10-26 Lower Price Target Susquehanna Positive $86.00 to $76.00
2015-10-26 Lower Price Target KeyBanc $95.00 to $86.00
2015-10-26 Lower Price Target Canaccord Genuity Buy $90.00 to $88.00
2015-10-26 Reiterated Rating Brean Capital Buy $79.00 to $73.00
2015-10-26 Lower Price Target BB&T Corp. Buy $80.00
2015-10-26 Upgrade Telsey Advisory Group Market Perform to Outperform $79.00
2015-10-26 Upgrade Piper Jaffray Neutral to Overweight
2015-10-26 Reiterated Rating B. Riley Buy $73.00
2015-10-26 Reiterated Rating Deutsche Bank Buy $83.00 to $82.00
2015-10-25 Reiterated Rating Nomura Buy $75.00
2015-10-23 Reiterated Rating Cowen and Company Hold $79.00 to $70.00
2015-10-23 Reiterated Rating Piper Jaffray Neutral to Overweight $81.00
2015-10-21 Reiterated Rating B. Riley Buy $82.00
2015-10-20 Reiterated Rating Canaccord Genuity Buy
2015-10-15 Initiated Coverage Brean Capital Buy $79.00
2015-10-13 Upgrade Piper Jaffray Neutral to Overweight $77.00 to $81.00
2015-10-08 Boost Price Target Canaccord Genuity Buy $88.00 to $90.00
2015-08-11 Reiterated Rating Piper Jaffray Hold $77.00
2015-08-04 Initiated Coverage Canaccord Genuity Buy $88.00
2015-08-03 Initiated Coverage Sterne Agee CRT Neutral
2015-07-30 Reiterated Rating KeyBanc Buy $88.00 to $95.00
2015-07-27 Lower Price Target Citigroup Inc. Buy $85.00 to $84.00
2015-07-27 Reiterated Rating B. Riley Buy $82.00
2015-07-27 Upgrade Goldman Sachs Neutral to Buy $77.00 to $95.00
2015-07-24 Reiterated Rating Piper Jaffray Neutral $72.00
2015-07-23 Upgrade Buckingham Research Neutral to Buy $70.00 to $86.00
2015-07-22 Reiterated Rating B. Riley Buy $80.00
2015-06-10 Set Price Target Piper Jaffray Hold $72.00
2015-05-06 Initiated Coverage B. Riley Buy $80.00
2015-05-01 Set Price Target Piper Jaffray Hold $72.00
2015-03-18 Reiterated Rating Deutsche Bank Buy $83.00
2015-03-13 Boost Price Target JPMorgan Chase & Co. Overweight $75.00 to $83.00
2015-02-17 Boost Price Target Deutsche Bank Buy $78.00 to $83.00
2015-02-10 Reiterated Rating Citigroup Inc. Buy $84.00 to $81.00
2015-01-23 Lower Price Target JPMorgan Chase & Co. Overweight $74.00 to $72.00
2015-01-16 Boost Price Target Susquehanna Positive $76.00 to $85.00
2014-11-26 Reiterated Rating Deutsche Bank Buy $73.00 to $78.00
2014-11-18 Initiated Coverage BB&T Corp. Buy $82.00
2014-10-23 Reiterated Rating JPMorgan Chase & Co. Overweight $70.00 to $74.00
2014-10-17 Reiterated Rating Deutsche Bank Buy $75.00 to $73.00
2014-09-19 Boost Price Target DA Davidson Buy $72.00 to $75.00
2014-09-19 Reiterated Rating Deutsche Bank Buy $70.00 to $75.00
2014-09-19 Reiterated Rating Macquarie Outperform $74.00 to $75.00
2014-09-19 Upgrade KeyBanc Hold to Buy $80.00
2014-09-18 Reiterated Rating Bank of America Buy $70.00 to $73.00
2014-09-18 Boost Price Target Stifel Nicolaus Buy $70.00 to $77.00
2014-09-18 Reiterated Rating Bank of America Corp. Buy $70.00 to $73.00
2014-09-04 Reiterated Rating Macquarie Outperform $71.00 to $74.00
2014-07-23 Reiterated Rating JPMorgan Chase & Co. Overweight $61.00 to $62.00
2014-07-21 Reiterated Rating Telsey Advisory Group $69.00
2014-05-19 Boost Price Target Robert W. Baird Outperform $68.00 to $72.00
2014-05-13 Upgrade Evercore ISI Neutral to Buy $65.00 to $75.00
2014-04-29 Boost Price Target Telsey Advisory Group Not Rated $65.00 to $69.00
2014-04-28 Reiterated Rating Citigroup Inc. Buy $71.00
2014-04-28 Boost Price Target Cowen and Company Market Perform $61.00 to $63.00
2014-04-28 Boost Price Target Wedbush Outperform $64.00 to $68.00
2014-04-28 Boost Price Target Nomura Buy $65.00 to $68.00
2014-04-21 Upgrade Susquehanna Neutral to Positive $58.00 to $72.00
2014-03-24 Reiterated Rating Janney Montgomery Scott Fair Value $65.00 to $68.00
2014-02-26 Downgrade Goldman Sachs Buy to Neutral $60.00
2014-02-18 Reiterated Rating Janney Montgomery Scott Fair Value $70.00 to $65.00
2014-02-18 Boost Price Target Barclays Overweight $56.00 to $60.00
2014-02-18 Upgrade Ned Davis Research Neutral to Buy
2014-02-18 Lower Price Target DA Davidson Buy $71.00 to $70.00
2014-02-12 Initiated Coverage Nomura Buy $65.00
2014-02-12 Initiated Coverage Morgan Stanley Equal Weight
2014-01-27 Downgrade Cowen and Company Outperform to Market Perform $64.00 to $61.00
2014-01-17 Initiated Coverage Macquarie Outperform $71.00
2013-12-30 Reiterated Rating DA Davidson Buy $61.00 to $71.00
2013-12-27 Reiterated Rating Bank of America Buy $62.50 to $70.00
2013-12-23 Downgrade Ned Davis Research Buy to Neutral
2013-12-20 Boost Price Target Stifel Nicolaus Buy $235.00 to $280.00
2013-11-25 Set Price Target Citigroup Inc. $243.00 to $270.00
2013-11-22 Boost Price Target JPMorgan Chase & Co. $224.00 to $245.00
2013-11-11 Upgrade Ned Davis Research Neutral to Buy
2013-10-28 Reiterated Rating Deutsche Bank Buy $215.00 to $240.00
2013-10-23 Boost Price Target Wedbush Outperform $210.00 to $225.00
2013-10-23 Boost Price Target Susquehanna Neutral $185.00 to $190.00
2013-10-22 Reiterated Rating JPMorgan Chase & Co. Buy $224.00
2013-10-22 Boost Price Target Janney Montgomery Scott Buy $215.00 to $228.00
2013-10-22 Boost Price Target DA Davidson Buy $223.00 to $245.00
2013-10-18 Boost Price Target Stifel Nicolaus Buy $207.00 to $235.00
2013-09-16 Boost Price Target JPMorgan Chase & Co. Overweight $195.00 to $224.00
2013-06-12 Reiterated Janney Buy $188 to $210
2013-04-29 Reiterated Stifel Buy $184 to $190
2013-03-25 Reiterated Janney Buy $180 to $186
2012-10-17 Reiterated Janney Mntgmy Scott Buy $176 to $180
2012-05-22 Upgrade Janney Mntgmy Scott Neutral to Buy $160 to $160
2016-06-30 Reiterated Rating Canaccord Genuity Buy $82.00
2016-06-01 Reiterated Rating Morgan Stanley Underperform $52.50
2016-05-16 Reiterated Rating Robert W. Baird Buy
2016-05-12 Reiterated Rating Goldman Sachs Buy
2016-05-12 Reiterated Rating Goldman Sachs Group Inc. Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
John E Barbey Trust UDT dated 08/21/51 FBO Helen Mucklow (dec'd) as appt'd for John E. B.DuPont 19.55%  (84275364) VFC /
John E. Barbey T/U/W FBO Tenacre Foundation 4.96%  (21362971) VFC /
WISEMAN ERIC C Chairman, President & CEO 0.13%  (549863) CI / LOW / VFC /
Salzburger Karl Heinz VP & President-International 0.12%  (505006) VFC /
SHEARER ROBERT K CFO 0.05%  (229567) CHD / TFM / VFC /
HURST ROBERT J/NY 0.05%  (204281) VFC /
Rendle Steven E VP & Group Pres. 0.04%  (177072) VFC /
Baxter Scott H VP & Group Pres. 0.03%  (130644) VFC /
Roe Scott A. VP Controller and CAO 0.02%  (104759) VFC /
O'Meara Aidan Vice President & Group Pres. 0.02%  (91344) VFC /
VIAULT RAYMOND G 0.02%  (77613) NWL / VFC /
GANNAWAY MICHAEL T VP-VF Direct/Customer Teams 0.01%  (61092) VFC /
Holtz Curtis A. Vice President & Group Pres. 0.01%  (46527) VFC /
Carucci Richard 0.01%  (43190) VFC / YUM /
MEAGHER LAURA C Vice Pres. & General Counsel 0.01%  (38294) VFC /
CHUGG JULIANA L 0.01%  (26262) MAT / VFC /
DE BEDOUT JUAN ERNESTO 0.01%  (25467) VFC /