VF Corp (VFC), a major global supplier of branded fashion, manufactures jeanswear, outdoor apparel, sportswear, athletic apparel, and occupational apparel. Generally regarded as a well-managed enterprise, the company generates margins higher than many of its competitors and a 21% return on equity in the latest fiscal year. In its latest quarter, the company reported earnings rose by 30% year/year to $2.32 per share, $0.01 higher than estimates, and revenues rose 36.9% year/year to $2.91 billion, in-line with estimates. Analysts see 16% earnings growth in the coming year, resulting in a forward P/E of 16 and PEG ratio of 1.
The stock chart for VFC has been tightly consolidating for four weeks and looks good for another leg higher once it clears 150 with some above average trading volume.
On the downside, the stock has a history of whippy action so I would not be surprised by some back and forth action around 150. I’d enter the position with a 4% stop loss and a 12% price target.