VFC

Nike's Production Strategy: Peter Schiff predicts that Nike will not shift production to the U.S. despite new tariffs, leading to higher prices and reduced sales domestically as they focus on international markets instead.

Market Impact of Tariffs: Following President Trump's tariff announcement, Nike shares dropped significantly, contributing to a broader market decline with consumer discretionary stocks, including competitors like Lululemon and Adidas, also experiencing substantial losses.

Market Reaction to Tariffs: The SPDR S&P 500 ETF Trust (SPY) experienced a significant decline of approximately 2.8% in after-hours trading following the announcement of new tariffs by President Trump, which are aimed at strengthening the U.S. economy but may have immediate negative effects.

Impact on S&P 500 Stocks: The market saw a loss of about $1.3 trillion in value, with several major companies like On Holding AG and Five Below Inc experiencing steep declines of over 15% and 13%, respectively.

Tariffs on Vietnam Imports: President Trump announced a 46% tariff on imports from Vietnam, effective April 9, which could lead to increased costs for major corporations in sectors like apparel and furniture, potentially resulting in price hikes for consumers.

Shift in Manufacturing Sources: As companies diversify their production away from China due to trade tensions, Vietnam has become a key alternative, with significant growth in U.S. imports from the country; however, the new tariffs may complicate this trend and impact businesses' strategies moving forward.

Apparel Store Performance: Apparel store shares are down approximately 12.6% overall, with significant declines from Capri Holdings (down 29.5%) and Designer Brands (down 25%).

Market Commentary: The article reflects the author's views and does not necessarily represent those of Nasdaq, Inc.

Piper Sandler's Coverage of VF Corp: Investment bank Piper Sandler has initiated coverage of VF Corp with a Hold-equivalent neutral rating and an $18 price target, which is about 8% higher than the current trading price. The ongoing turnaround of the Vans footwear label is a significant factor affecting the stock's performance.

Market Sentiment and Analyst Ratings: Despite recent growth in brands like The North Face and Timberland, VF Corp's stock has a consensus Hold rating among analysts, with an average price target of $26.06 indicating potential upside. The stock is currently valued at approximately 14 times future earnings estimates.

Zscaler Inc Options Trading: Zscaler Inc (ZS) experienced significant options trading with 10,895 contracts, particularly highlighting the $185 strike put option expiring on May 16, 2025, which saw 3,025 contracts traded.

Airbnb Inc Options Trading: Airbnb Inc (ABNB) had a robust options trading volume of 24,081 contracts, notably for the $126 strike call option expiring on March 21, 2025, with 2,911 contracts traded.

Analyst Ratings: Barclays analyst Adrienne Yih has maintained a Buy rating on VF Corporation (VFC) with a price target of $34, while Stifel Nicolaus also issued a Buy rating, contrasting with BTIG's Hold rating.

Financial Performance: VF Corporation reported quarterly revenue of $2.83 billion and a net profit of $167.78 million for the quarter ending December 28, showing improvement compared to the previous year's loss.

New Appointment: Perfect Moment Ltd. has appointed Kristine Marvin as general counsel, bringing over 28 years of experience in corporate and intellectual property law to support the company's global expansion and brand protection efforts.

Company Background: Perfect Moment is a luxury skiwear brand known for its blend of technical excellence and fashion-forward designs, with plans to grow significantly in the luxury outerwear market, projected to reach $17.9 billion by 2024.

Utilities Sector Ranking: According to UBS, the Utilities sector is currently the highest-ranking globally, with strong performance noted in European equities, particularly in defense and electrification themes.

Investment Opportunities: UBS highlights key investment opportunities in companies like BAE Systems and Thales in Europe, while also noting that U.S. Consumer Cyclicals are performing well, contrasting with low-performing U.S. Low Income Consumer stocks.

Dividend Predictability: Dividend amounts are generally unpredictable and fluctuate based on a company's profitability, with VF Corp.'s history chart serving as a tool for assessing future dividends.

Investment Insight: The article suggests that understanding dividend trends can help investors gauge the likelihood of achieving a 2% annual yield from VF Corp.

Market Decline for Major Stocks: Several U.S. companies, including Marvell Technology, VF Corp., and Hims & Hers Health, experienced significant stock declines of at least 20% last week, attributed to poor earnings reports and market conditions.

Potential for Recovery: Despite recent downturns, analysts see potential for recovery in these companies due to strong revenue growth prospects, strategic resets, and continued consumer trust in platforms like Hims & Hers Health, which offers telehealth services.

Analyst Ratings: Barclays analyst Adrienne Yih has maintained a Buy rating on VF Corporation (VFC) with a price target of $34.00, while the stock closed at $19.13 last Friday. The consensus among analysts is a Hold rating with a lower price target of $26.00.

Market Performance: VF Corporation currently has a market cap of $7.45 billion and a negative P/E ratio of -22.84, indicating challenges in growth and performance despite some optimistic ratings from analysts.

Index Changes Announcement: S&P Dow Jones Indices will implement changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective March 24, 2025, to better reflect market capitalization ranges, with several companies being added and removed across these indices.

Company Replacements: Notable additions include Palantir Technologies and DoorDash in the S&P 100 and S&P 500 respectively, while companies like Dow Inc. and Ford Motor Co. will be removed from the S&P 100, with various other replacements occurring throughout the mid-cap and small-cap indices.

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Sealed Air (SEE) Rating: Analysts maintain a Buy rating on Sealed Air, with a current price target of $40.53 indicating a potential 28.2% upside from its recent closing price of $31.72.

VF (VFC) and Wendy’s (WEN) Ratings: Both VF and Wendy's have received Hold ratings from analysts, with VF having a price target of $26.06 (11.7% upside) and Wendy's at $17.30 (15.4% upside).

Real-time Market Intelligence: Benzinga Pro offers the fastest and most accurate stock market alerts, helping traders stay informed and make winning trades daily.

Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, gaining access to exclusive stories and insights from Benzinga reporters.

VF Corporation's Investor Event: VF Corporation is hosting its FY25 investor event, highlighting progress in its transformation plan under CEO Bracken Darrell, including cost reductions, improved performance, and a focus on brand growth through standardized processes known as 'The VF Way'.

Forward-Looking Statements and Risks: The company has issued forward-looking statements regarding its future operations and financial performance, acknowledging various risks such as consumer demand fluctuations, supply chain challenges, and the impact of economic conditions on its business.

Bullish Option Activity: V F Corp experienced significant bullish option flow with 12,017 calls traded, seven times the expected volume, and an increase in implied volatility to 65.06%. The most active options were the April 25th 24 calls and March 14th weekly 22 puts, totaling nearly 10,300 contracts.

Earnings and Analyst Ratings: Earnings for V F Corp are anticipated on May 21st, with a positive outlook reflected in recent analyst ratings, including a Buy initiation from Needham and a price target increase from Telsey Advisory.

Stock Performance Overview: VFC's stock has a 52-week low of $11 per share and a high of $29.02, with the last trade recorded at $18.18.

Market Analysis Note: The article mentions other dividend stocks that have recently fallen below their 200-day moving average, indicating potential market trends.

Current Stock Performance: VF Corp. shares have reached an oversold level with an RSI of 25.8, trading as low as $18.05, indicating potential buying opportunities for bullish investors.

52 Week Range: The stock's 52-week low is $11 and high is $29.02, with the last trade recorded at $18.59.