Movement Alert｜VF Corp. Intraday Rise 5.43%, Analysts Lift Targets After Q2 Beat

Market Focus10-29 21:53

On October 29, VF Corp. rose 5.43% in Regular Trading, trading at $18.125 per share, with turnover of $20.6129 million.

The move was supported by follow-through from VF Corp.'s fiscal second-quarter earnings beat and a fresh round of analyst actions, including forecast increases after results and a BNP Paribas upgrade to Neutral with a $16 price target.

VF Corp. reported adjusted EPS of $0.70 for fiscal Q2, above the $0.54 consensus, on revenue of $2.695 billion versus the $2.667 billion expectation. Revenue still declined from $2.80 billion a year earlier, but the company reaffirmed its fiscal outlook, including expected constant-currency revenue growth of 2%. Brand performance was mixed: The North Face and Timberland each grew 4%, while Vans revenue fell 10%, leaving investors focused on whether strength in core outdoor brands can continue to offset weakness at Vans.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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