Shares Of North Face, Vans Owner VF Corp Are Trading Lower Thursday: Here's Why
Portfolio Pulse from Dylan Berman
V.F. Corporation (NYSE:VFC) shares are trading lower after the company reported worse-than-expected financial results for the fourth quarter, including a loss of 32 cents per share and $2.4 billion in sales, both missing analyst estimates. Analysts have subsequently lowered their price targets for the stock.
May 23, 2024 | 4:42 pm
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V.F. Corporation reported a Q4 loss of 32 cents per share and $2.4 billion in sales, both missing analyst estimates. Full-year sales were down 10% YoY. Analysts have lowered their price targets, contributing to a 3.45% drop in share price.
The company's worse-than-expected financial results and subsequent analyst price target reductions are likely to exert downward pressure on the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100