VFC Earnings Catches Lingering Bears Off Guard

More bull notes could be in store for the retail stock

Jul 20, 2018 at 9:44 AM
facebook X logo linkedin


The shares of VF Corp (NYSE:VFC) are up 3.2% at $92.13, fresh off a record high of $92.40. The retailer reported fiscal first-quarter adjusted earnings of 43 cents per share on $160.4 million in revenue, better than analysts were expecting. The maker of Vans shoes also boosted its full-year profit and revenue forecasts.

Today's pop comes amid a post-earnings bear gap for sector peer Skechers, but just echoes VFC stock's longer-term trajectory. Year-over-year, the shares have surged roughly 60% thanks to a handful of sharp bounces off their 120-day moving average. More recently, the equity ricocheted off its 50-day moving average in early July, and is now pacing for its best month since October 2011.

Not surprisingly, most analysts are bullish on VFC. However, with the average 12-month price target of $90.24 a discount to the retail stock's current perch, there's room for more analysts to upwardly revise their outlooks for VF Corp.

Short sellers have room to continue covering their bearish bets, as well. Although short interest plummeted 17.2% in the most recent reporting period -- a move that likely created tailwinds for VFC stock -- it would still take over three days to cover the 6 million shares still sold short, at the equity's average pace of trading.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI