FBR Capital Maintains a 'Market Perform' on VF Corp (VFC); 1Q Beats and Raise; Visibility to Demand Elasticity Still Unclear
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Price: $14.44 -2.89%
Rating Summary:
16 Buy, 24 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
16 Buy, 24 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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FBR Capital maintains a 'Market Perform' on VF Corp. (NYSE: VFC), raises PT from $92 to $100.
FBR analyst says, "We continue to believe that VF’s efficient, scalable business model is positioned for sustainable long-term growth, given the company’s capacity for acquiring, integrating, and profitably growing new brands to augment its strong and diverse portfolio."
"We are raising our FY11 estimate to $7.31 (from $7.10) based on sales growth of 10% and operating margin of 13.4% (+10 bps). Our FY12 EPS estimate goes to $8.07 (+10% YOY). Our 2Q EPS estimate is $1.05 and is based on sales growth of 9% and an operating margin of 9.8%, versus 10.6% last year."
For more ratings news on VF Corp. click here and for the rating history of VF Corp. click here.
Shares of VF Corp. closed at $107.51 yesterday.
FBR analyst says, "We continue to believe that VF’s efficient, scalable business model is positioned for sustainable long-term growth, given the company’s capacity for acquiring, integrating, and profitably growing new brands to augment its strong and diverse portfolio."
"We are raising our FY11 estimate to $7.31 (from $7.10) based on sales growth of 10% and operating margin of 13.4% (+10 bps). Our FY12 EPS estimate goes to $8.07 (+10% YOY). Our 2Q EPS estimate is $1.05 and is based on sales growth of 9% and an operating margin of 9.8%, versus 10.6% last year."
For more ratings news on VF Corp. click here and for the rating history of VF Corp. click here.
Shares of VF Corp. closed at $107.51 yesterday.
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