Key insights
- BTIG upgraded VF Corp to "Buy", citing improving growth prospects driven by a Vans turnaround. After downward revisions, analysts see potential for estimates to rise. Vans, once at $4.2B revenue, is expected to stabilize at $2.2B by fiscal 2026, providing a base for growth. This suggests a potential positive, albeit small, sentiment shift in the consumer discretionary sector.
Investing.com -- VF Corporation (VFC), the parent company of brands such as Vans, The North Face, and Timberland, has been upgraded to a “Buy” rating by analysts at BTIG, citing improving growth prospects and stronger brand performance after several years of decline.
The upgrade comes after nearly five years of downward earnings revisions, with analysts now seeing potential for estimates to rise. A key driver of optimism is the anticipated turnaround of Vans, which has undergone significant restructuring. Once peaking at $4.2 billion in revenue in fiscal 2022, Vans is expected to stabilize at around $2.2 billion in fiscal 2026, providing a more sustainable base for gradual growth.