VF Corp’s stock (NYSE: VFC), an attire and footwear producer that owns manufacturers similar to Vans, Timberland, and The North Face, has declined by about 14% during the last 5 buying and selling days (one week) and at present stands at round $26. The corporate posted a shock dividend lower which led to this dip within the firm’s inventory. VFC declared a $0.30/share quarterly dividend, down 41% from the prior dividend of $0.51. Nonetheless, the corporate cruised previous earnings expectations within the latest Q3 2023 (ended December 2022). For the fiscal third quarter, the corporate notched $1.12, down 17% year-over-year (y-o-y), in adjusted earnings per share whereas income fell 3.5% y-o-y to $3.5 billion. Wall Road analysts had been anticipating EPS of $0.99 on $3.49 billion income. A powerful efficiency of the North Face model offset the downbeat efficiency of the Vans model, notably in East Asia.
Now, is VFC inventory poised to say no within the brief time period, or are positive factors trying extra doubtless? Primarily based on our machine studying evaluation of traits within the inventory value during the last ten years, there’s a 57% probability of an increase in VFC inventory over the following month (twenty-one buying and selling days). See our evaluation of VFC’s Stock Chance Of Rise for extra particulars.
Calculation of ‘Occasion Likelihood’ and ‘Likelihood of rising’ utilizing the final ten years information
[1] Returns of -14% or decrease over a five-day interval on 14 events out of 2518 (; Inventory rose within the subsequent 5 days in 5 of those 14 situations (36%)
[2] Returns of -14% or decrease over a ten-day interval on 39 events out of 2518 (2%); Inventory rose within the subsequent ten days in 12 of those 39 situations (31%)
[3] Returns of -13% or decrease over a twenty-one-day interval on 134 events out of 2517 (5%); Inventory rose within the subsequent twenty-one days in 76 of those 134 situations (57%)
It’s useful to see how its friends stack up. VFC Friends exhibits how VF Corp’s inventory compares in opposition to friends on metrics that matter. You’ll discover different helpful comparisons for corporations throughout industries at Peer Comparisons.
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| Returns | Feb 2023 MTD [1] |
2023 YTD [1] |
2017-23 Whole [2] |
| VFC Return | -15% | -5% | -39% |
| S&P 500 Return | 0% | 7% | 83% |
| Trefis Multi-Technique Portfolio | -2% | 10% | 245% |
[1] Month-to-date and year-to-date as of two/13/2023
[2] Cumulative complete returns because the finish of 2016
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
