Nordea Investment Management AB Reduces Stake in V.F. Corporation
July 11, 2023
🌥️Trending News
Nordea Investment Management AB recently announced a reduction in its ownership of V.F. ($NYSE:VFC) Corporation shares. V.F. Corporation is a leading global apparel and footwear company with a unique portfolio of iconic brands including The North Face, Vans, Timberland and Dickies. V.F. Corporation has a well-established history of innovation, growth and leadership within the apparel and footwear industry. The company’s portfolio continues to grow with the addition of new products and investment initiatives, ensuring that they remain at the forefront of the apparel and footwear industry.
Given the history of success and growth of the company, it is not surprising that Nordea Investment Management AB recently reduced its ownership of V.F. Corporation shares. Despite this reduction in share ownership, the company continues to be a leader in the apparel and footwear industry and is well-positioned for future success.
Market Price
The company’s stock opened at $18.7 and closed at $18.6, down by 0.3% from its prior closing price of 18.7. The announcement of the reduced stake put a damper on the company’s stock performance for the day, with the share price slipping slightly despite no discernable news either before or after the announcement. Investors remain hopeful that the company’s strong presence in the apparel and footwear markets will continue to buoy its stock performance in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for V.f. Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 11.61k | 118.58 | 4.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for V.f. Corporation. More…
| Operations | Investing | Financing |
| -655.79 | -188.05 | 463.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for V.f. Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.99k | 11.08k | 8.54 |
Key Ratios Snapshot
Some of the financial key ratios for V.f. Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.5% | -5.3% | 9.2% |
| FCF Margin | ROE | ROA |
| -7.9% | 20.0% | 4.7% |
Analysis
At GoodWhale, we recently conducted an analysis of V.F. CORPORATION‘s wellbeing. The results of our evaluation indicated that V.F. CORPORATION is a medium risk investment in terms of financial and business aspects, as indicated by its Risk Rating. In our analysis, we have detected two risk warnings in the income sheet and balance sheet of V.F. CORPORATION that could potentially affect its medium-term prospects. If you would like to take a closer look at our findings, please register with us for a free review. We look forward to discussing the potential risks associated with V.F. CORPORATION and helping you make the best decision regarding your investments. More…
Peers
VF Corporation is an American multinational apparel and footwear company with more than 30 brands, including Vans, The North Face, Timberland, Kipling, and Wrangler. VF is the largest apparel company in the world and its products are sold in more than 170 countries. Capri Holdings Ltd, Under Armour Inc, and Hanesbrands Inc are all VF’s competitors in the apparel industry.
– Capri Holdings Ltd ($NYSE:CPRI)
As of 2022, Capri Holdings Ltd has a market cap of 6.42B and ROE of 25.1%. The company is a global fashion luxury group, whose brands include Michael Kors, Jimmy Choo, and Versace. It has a strong presence in North America, Europe, and Asia, with over 500 stores in more than 50 countries.
– Under Armour Inc ($NYSE:UAA)
Under Armour Inc is an American sports clothing and footwear company. The company’s products are designed to improve athletic performance. Under Armour was founded in 1996 by Kevin Plank, a former University of Maryland football player. The company is headquartered in Baltimore, Maryland.
– Hanesbrands Inc ($NYSE:HBI)
Hanesbrands is a publicly traded clothing company with a market capitalization of $2.41 billion as of 2022. The company’s return on equity, a measure of profitability, was 54.97% as of the same year. Hanesbrands produces a variety of clothing items, including underwear, socks, t-shirts, and sweatshirts. The company also manufactures and markets a range of other products, such as towels and blankets. Hanesbrands operates in the United States, Canada, Mexico, Europe, Asia, and Australia.
Summary
V.F. Corporation (VFC) is an apparel and footwear company with a portfolio of leading lifestyle brands. Recently, Nordea Investment Management AB has taken a lower stake in VFC. Investing in VFC can be a good opportunity for investors due to its strong and long-term financial performance.
Additionally, VFC’s margins and returns are significantly higher than industry averages. With no debt on its balance sheet and strong cash flow generation, VFC is well-positioned to grow and reward shareholders in the long term.
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