VFC

VF Corp.

Consumer


Presented:12/16/2020
Price:$86.37
Cap:$33.68B
Current Price:$19.49
Cap:$7.59B

Presented

Date12/16/2020
Price$86.37
Market Cap$33.68B
Ent Value$31.60B
P/E RatioN/A
Book Value$7.55
Div Yield2.23%
Shares O/S390.00M
Ave Daily Vol2,247,846
Short Int2.56%

Current

Price$19.49
Market Cap$7.59B
VF Corp. designs, produces, procures, markets and distributes lifestyle apparel, footwear and related products. It operates through the following segments: Outdoor, Active, Work and Jeans. The Outdoor segment refers to outdoor and activity-based lifestyle brands including performance-based apparel, footwear, equipment, backpacks, luggage and accessories. The Active segment is a group of activity-based lifestyle brands which offers active apparel, footwear and accessories. The Work segment consists of work and work-inspired lifestyle apparel and footwear and occupational apparel sold through direct-to-consumer, wholesale and business-to-business channels. The Jeans segment markets denim and related casual apparel products globally. The company was founded by John Barbey in October 1899 and headquartered in Greensboro, NC.

Publicly traded companies mentioned herein: adidas AG (ADS GR), Alphabet Inc (GOOGL), Amazon Inc (AMZN), Crocs Inc (CROX), Deckers Outdoor Corp (DECK), Gap Inc (GPS), Genesco Inc (GCO), Nike Inc (NKE), Piper Sandler Companies (PIPR), Skechers USA Inc (SKX), VF Corp (VFC)

Highlights

The presenter is short shares of VF Corp (VFC) and believes the company owns a portfolio of “busted” brands that no longer resonate with consumers. Applying a 25x multiple to his 2021 earnings estimate, he reaches a price target of ~$52/share or ~40% downside. 

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Idea Discussion

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