Shares of V.F. Corporation ( VFC ) crafted a new
52-week high of $174.76 on Tuesday, Apr 23, 2013 based on the
company's consistent positive earnings surprise trend, strong
organic revenue growth, impressive management guidance and
strategies to expand its global reach.HOME DEPOT (HD): Free Stock Analysis ReportNIKE INC-B (NKE): Free Stock Analysis ReportRITE AID CORP (RAD): Free Stock Analysis ReportV F CORP (VFC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment
This home improvement retailer eventually closed trade at $173.82
on Apr 23, recording a year-to-date return of 15.6%. Average volume
of shares traded over the last 3 months stands at approximately
740K. Moreover, the company currently trades at a forward P/E of
16.1x, a 7.3% premium to the industry average of 15.0x.
If we look at the company's earnings surprise history, this Zacks
Rank #3 (Hold) stock has outperformed the Zacks Consensus Estimate
in the past 13 quarters. The average positive surprise in the
trailing 13 quarters comes to 10.3%.
V.F. Corp.'s diversified brand portfolio as well as its approach
to brand management, which remains focused on further developing
its brands, positions the company well above its peers. We believe
that given the strength of many of its brands and opportunities
with regard to distribution, the company is set for significant
In Feb 2013, V.F. Corp. reported robust fourth-quarter 2012
earnings results primarily driven by strong top-line growth along
with improved margins. The fourth-quarter 2012 earnings of $3.07
per share exhibited an improvement of over 32% from the comparable
year-ago quarter as well as the Zacks Consensus Estimate of
V.F. Corp's total sales grew 4% to $3.003 billion in the quarter
but fell short of the Zacks Consensus Estimate of $3.072
Given the solid fourth-quarter results, the company expects 2013
revenue to increase 6% to $11.5 billion. Gross and operating
margins are anticipated to expand by 100 basis points.
Based on these forecasts, V.F. Corp. expects its adjusted earnings
for 2013 to be $10.70 per share compared with $9.63 in 2012.
Currently, the Zacks Consensus Estimate stands at $10.81 per share,
which is substantially above the company's guidance.
Apart from strong fourth-quarter results, V.F. Corp.'s growth
story looks compelling. We believe that the company's sustained
focus on strategic acquisitions, along with expanding global
operations, bodes well for future growth.
Besides V.F. Corp., companies such as The Home Depot
Inc. ( HD ),
Nike Inc. ( NKE ) and Rite
Aid Corp. ( RAD ) achieved new
52-week highs of $74.59, $61.93 and $2.52, respectively, on
Tuesday, Apr 23.