Showing posts with label VF Corp. Show all posts
Showing posts with label VF Corp. Show all posts

Monday, July 18, 2011

Triumph (TGI) (TIF) (TJX) (VFC) Price Targets Changed

Triumph Group, Inc. (NYSE: TGI), Tiffany & Co. (NYSE: TIF), TJX Companies Inc (NYSE: TJX) and V.F. Co. (NYSE: VFC) have price targets changed.

Triumph Group, Inc. (TGI) had its price target lowered by Stifel Nicolaus from $120.00 to $60.00. They have a “buy” rating on the company.

Tiffany & Co. (TIF) had its price target raised by Oppenheimer from $80.00 to $100.00. They have an “outperform” rating on the company.

TJX Companies Inc (TJX) had its price target raised by JPMorgan Chase & Co. (NYSE: JPM) to $56.00.

V.F. Co. (VFC) had its price target raised by UBS AG (NYSE: UBS)

to $126.00. They have a “buy” rating on the company.

Monday, May 9, 2011

EPS Est. on (ORA) (SIRO) (TYC) (VFC) Updated

Analysts updated their EPS estimates on Ormat Technologies (NYSE: ORA), Sirona Dental (NASDAQ: SIRO), Tyco International Ltd (NYSE: TYC) and V.F. Co. (NYSE: VFC) today.

Jefferies (NYSE:JEF) cut their EPS estimate on shares of Ormat Technologies (ORA). They have a “hold” rating and a price target of $22.00 on the company.

Goldman Sachs (NYSE:GS) raised their EPS on Sirona Dental (SIRO). They have a “buy” rating and a price target of $66.00 on the company.

Bank of America (NYSE:BAC) cut their EPS estimates on Tyco International Ltd (TYC). They have a “neutral” rating on the company.

UBS AG (NYSE:UBS) raised their EPS on V.F. Co. (VFC). They have a “buy” rating and a price target of $110.00 on the company.

Biggest Losers (MNTA) (DKS) (AAP) (VFC) (MFN) on May 6

Among the big, negative movers on Friday, May 6, were Momenta Pharmaceuticals (MNTA), Dick's Sporting Goods (DKS), Advance Auto Parts (AAP), V.F. Corp. (VFC) and Minefinders Corp. (MFN).

Momenta Pharmaceuticals (MNTA) was down $0.82, to close at $17.43, a loss of 4.49 percent.

Dick's Sporting Goods (DKS) fell $0.81 on the day to close at $40.01, a loss of 1.98 percent.

Advance Auto Parts (AAP) dropped $0.81 to close at $65.05, a loss of 1.23 percent.

V.F. Corp. (VFC) declined $0.81 to close the session at $99.73, a loss of 0.81 percent.

Minefinders Corp. (MFN) plunged $0.81 to end the day at $13.14, a loss of 5.81 percent.

Monday, May 2, 2011

Price Targets on (SWN) (TWC) (VFC) (VRX) Raised by Analysts

Southwestern Energy (NYSE: SWN), Time Warner Cable (NYSE: TWC), V.F. Co. (NYSE: VFC) and Valeant Pharmaceuticals (NYSE: VRX) get price targets raised today by analysts.

Global Hunter Securities raised their price target on Southwestern Energy (SWN) from $33.00 to $37.00. They have a “reduce” rating on the company.

Wunderlich raised their price target on shares of Time Warner Cable (TWC) to $80.00.

Goldman Sachs (NYSE:GS) raised their price target on V.F. Co. (VFC) from $90.00 to $95.00. They have a “neutral” rating on the company.

Piper Jaffray (NYSE:PJF) raised their price target on Valeant Pharmaceuticals (VRX) from $46.00 to $62.00.

Ratings on (UNP) (VFC) (WFMI) (ZOLL) Downgraded

Union Pacific (NYSE: UNP), V.F. Co. (NYSE: VFC), Whole Foods Market, Inc. (NASDAQ: WFMI) and ZOLL Medical (NASDAQ: ZOLL) get ratings downgrades.

TD Newcrest downgraded Union Pacific (UNP) from a “buy” rating to a “hold” rating. They have a price target of $117.00 on the company. They cited valuation as the catalyst behind the call.

Citigroup (NYSE:C) downgraded V.F. Co. (VFC) from a “buy” rating to a “hold” rating. They have a price target of $111.00 on the company, down from $117.00.

Jefferies (NYSE:JEF) downgraded Whole Foods Market, Inc. (WFMI) from a “buy” rating to a “hold” rating. They have a price target of $64.00 on the company.

Lazard Capital downgraded ZOLL Medical (ZOLL) from a “buy” rating to a “neutral” rating.

Dividend Yields for (MAT) (HAS) (VFC) (WHR) (SWK)

Indicated dividend yields for Standard & Poor's 500 Index companies Mattel Inc (MAT), Hasbro Inc (HAS), VF Corp (VFC), Whirlpool Corp (WHR) and Stanley Black & Decker Inc (SWK).

These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.

Mattel Inc (MAT) has a dividend yield of 3.44 percent on a declared dividend of $0.23. The payout ratio is 483.5 percent.

Hasbro Inc (HAS) has a dividend yield of 2.56 percent on a declared dividend of $0.30. The payout ratio is 240.1 percent.

VF Corp (VFC) has a dividend yield of 2.51 percent on a declared dividend of $0.63. The payout ratio is 34.0 percent.

Whirlpool Corp has a dividend yield of 2.32 percent on a declared dividend of $0.50. The payout ratio is 19.5 percent.

Stanley Black & Decker Inc has a dividend yield of 2.26 percent on a declared dividend of $0.41. The payout ratio is 43.2 percent.

Friday, April 29, 2011

Ratings on (SFN) (STEL) (VCI) (VFC) Reiterated

Analysts reiterate ratings on SFN Group Inc (NYSE: SFN), StellarOne Corp (NASDAQ: STEL), Valassis Communications, Inc. (NYSE: VCI) and V.F. Co. (NYSE: VFC).

Deutsche Bank (NYSE:DB) reiterated a “buy” rating on SFN Group Inc (SFN). They have a price target of $17.00 on the company.

Keefe, Bruyette & Woods, Inc reiterated a “market perform” rating on shares of StellarOne Corp (STEL).

Piper Jaffray (NYSE:PJC) reiterated an “overweight” rating on Valassis Communications, Inc. (VCI). They have a price target of $42.00 on the company.

Citigroup (NYSE:C) reiterated a “buy” rating on V.F. Co. (VFC). They have a price target of $117.00 on the company.

Wednesday, December 1, 2010

Gildan Activewear (NYSE:GIL), Quiksilver (NYSE:ZQK), Volcom (Nasdaq:VLCM) Most Exposed to Cotton Prices Says FBR

Commenting on the price of cotton, Chinese tightening, and the effect on companies, the most exposed in the view of FBR Capital are Gildan Activewear (NYSE:GIL), Quiksilver (NYSE:ZQK), Volcom (Nasdaq:VLCM). Also considered as having strong exposure to cotton are VF Corp (NYSE:VFC) and Hanesbrands Inc (NYSE:HBI).

FBR said, "The potential for tightening China monetary policy, European sovereign debt risk, and, more recently, the conflict in Korea have conspired to drive a strengthening U.S. dollar and popping of the commodity bubble, including cotton. As a result, apparel vendors who had chosen to wait to lock in cotton for 2H11, may (depending on buying/hedging strategies) be getting somewhat bailed out, but it is all relative in our opinion. Over the last few weeks, cotton prices are off -30% (March 2011 contract now at $1.17/lb, down from peak of $1.51/lb on November 9). While a technical reversal could continue over the near term (although in recent days it has flattened), we still believe the underlying supply/demand imbalance still holds (see the latest USDA report suggesting supply is tightening further) and will take time to be neutralized, supporting elevated cotton pricing over the intermediate term (supply from India will be worth monitoring). Pricing power will still be critical in looking to offset not only cotton, but other product cost inflation in labor and freight. If the air continues to get let out of the bubble, many apparel vendors may be able to lock in at more favorable rates (or, should we say, less worse rates), somewhat minimizing the risk to 2H11 estimates, and therefore mitigating the near-term cautious stance on the group and some of the select names we have highlighted. Although, it is worth noting that because supply is so tight, getting hands on cotton may be easier said than done. Also, while "apocalyptic" cotton risk may be off the table, most companies will still bear higher year-over-year cotton costs (cotton was $0.60s/lb on average in FY10) and other product cost inflation in labor/freight still exists, so consensus expectations for flat gross margin in FY11 still don't make much sense to us (unless you assume everyone can raise prices to offset). The potential exists for inverse correlation trading to continue—cotton pricing down, stocks up—including some of the names we've highlighted as the most exposed to cotton costs - Gildan Activewear, Quiksilver, and Volcom - as well as others that are perceived as having high exposure, including Hanesbrands Inc and VF Corp."

Gilden was trading at $30.79, rising by $0.71, or 2.36 percent as of 12:42 PM EST. Quiksilver was at $4.38, gaining $0.08, or 1.86 percent. Volcom traded at $18.37, increasing $0.37, or 2.06 percent. VF Corp stood at $84.65, up $1.77, or 2.14 percent. Hanesbrands Inc rose to $27.57, gaining $0.42. or 1.55 percent.

Tuesday, November 30, 2010

The Finish Line (Nasdaq:FINL), Foot Locker (NYSE:FL), Dick's Sporting Goods (NYSE:DKS), True Religion (Nasdaq:TRLG), VF Corp (NYSE:VFC) Performing As Expected

FBR Capital said after visiting the physical locations of retailers like The Finish Line (Nasdaq:FINL), Foot Locker (NYSE:FL), Dick's Sporting Goods (NYSE:DKS), True Religion (Nasdaq:TRLG) and VF Corp (NYSE:VFC), they see the stores performing as they thought they would during Black Friday, with The Finish Line, Foot Locker and Dick's Sporting Goods enjoying significant traffic.

"On Black Friday, we visited stores in the Washington, D.C. metro area, including retail locations of The Finish Line (Nasdaq: FINL)(Outperform), Foot Locker (Outperform), Dick's Sporting Goods (Outperform), True Religion (Outperform), and VF Corp's (Market Perform) The North Face...We did not expect Black Friday traffic at any of our targeted stores to be "newsworthy" given that these stores are not doorbuster destinations offering loss-leading items or major discounts, particularly in light of inventory positions supportive of full-price selling. We also believe that an ongoing shift to online holiday sales and discounting earlier in the shopping season are chipping away at Black Friday's importance to overall brick and mortar apparel and footwear holiday sales.

"Relative to overall mall traffic, traffic at Finish Line and Foot Locker stores was strong. Traffic at Dick's Sporting Goods was also robust. At the Georgetown location of The North Face and the Georgetown and Pentagon City locations of True Religion, in-store traffic was relatively light. Lighter traffic at The North Face and True Religion did not surprise or concern us, given that these are not traditional Black Friday destinations as a result of their premium price points and lack of discounting.

"Overall, what we saw on Black Friday did not sway our thesis on any of our covered companies, but reinforced our positive view of athletic footwear retailers, given what we expect to be continued top-line momentum on solid margins. We think limited and targeted discounting at Finish Line and Foot Locker bode well for gross margins, while the strong product cycle in athletic footwear should continue to support the top line, even in the face of difficult year-over-year comparisons."

The Finish Line closed Monday at $17.57, dropping $0.18, or 1.01 percent. Footlocker ended the session at $19.05, gaining $0.40, or 2.14 percent. Dicks Sporting Goods was at $34.38. falling $0.35, or 1.01 percent. True Religion Apparel closed up at $22.80, increasing by $0.13, or 0.57 percent. V.F. Corporation closed at $83.33, down by $0.49, or 0.58 percent.