V.F. Corp hits 52-week high, driven by strategic initiatives, showing promising growth prospects.

From Zacks Investment Research.: 2024-12-19 14:30:25

V.F. Corporation (VFC) hit a 52-week high of $23.49, driven by strategic initiatives and the Reinvent transformation program. The stock surged 19.8% in the past month, outperforming the industry, Consumer Discretionary sector, and S&P 500. VFC trades above key moving averages, signaling market confidence. The company is on track to achieve significant cost savings and improve North America performance. However, challenges in regional and channel-wise performance could impact future growth. Estimates show a decline in earnings for fiscal 2024. Investors may consider holding onto VFC stock despite potential headwinds. Three other picks in the Consumer Discretionary space are Wolverine World Wide (WWW), GIII Apparel Group (GIII), and Steven Madden, Ltd. (SHOO), all showing promising growth prospects.



Read more at Zacks Investment Research.: V.F. Corp Rises to 52-Week High: Time to Buy, Hold or Book Profits? – December 19, 2024