TD Asset Management Sells Shares of V.F. Corporation
November 29, 2023
☀️Trending News
TD Asset Management Inc. recently announced that it had sold a portion of its shares in V.F. ($NYSE:VFC) Corporation, a global apparel and footwear company. V.F. Corporation is a publicly traded company whose products are sold through a variety of retailers and e-commerce platforms, both in the United States and abroad. The company’s portfolio of brands includes well-known names such as North Face, Timberland, SmartWool, Vans, and Wrangler. In addition to apparel and footwear, V.F. Corporation also produces personal care products and related accessories.
The decision to divest a portion of the company’s shares in V.F. Corporation had been made in order to free up capital for other investment opportunities, according to TD Asset Management Inc., who stated that their decision was based on “a desire for portfolio diversification and a strategic repositioning.” The move is expected to benefit both TD Asset Management Inc. and their clients, allowing for greater investment flexibility.
Market Price
On Monday, TD Asset Management Inc. sold shares of V.F. Corporation. The stock opened at $16.5 and closed at $16.6, a decrease of 0.1% from its previous closing price of 16.6. This slight decline did not have much of an impact on V.F. Corporation’s overall share value, as it is still trading at a higher price than it opened for the day. Although the volume of shares traded was relatively low, the stock market will be keeping an eye on V.F. Corporation’s performance in the coming months. 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 |
| 11.39k | -215.15 | 0.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for V.f. Corporation. More…
| Operations | Investing | Financing |
| 238.9 | -206.08 | -70.76 |
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 |
| 13.14k | 10.93k | 6.99 |
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 |
| 8.4% | 14.6% | 6.1% |
| FCF Margin | ROE | ROA |
| -0.2% | 16.0% | 3.3% |
Analysis
At GoodWhale, we have taken a deep dive into the fundamentals of V.F. CORPORATION in order to gain a better understanding of its financials and performance. Our analysis shows that V.F. CORPORATION is strong in profitability, but weak in asset, dividend, and growth. In terms of health score, V.F. CORPORATION achieved an intermediate rating of 6/10 based on their cashflows and debt situation, indicating that they may be able to sustain future operations in times of crisis. Based on our Star Chart classification, V.F. CORPORATION is classified as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. As such, we believe that value investors, growth investors, and income investors may all be interested in V.F. CORPORATION as a potential investment opportunity. We also believe that V.F. CORPORATION could be attractive to those looking for steady growth over the long term. 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 is a clothing company that has seen increasing investor interest recently due to its strong financial performance and attractive market opportunities. Analysts have been positive on the company’s prospects, citing strong growth in sales and margins. The company also has a well-established presence in the apparel industry, making it a reliable investment for those looking for long-term returns. Its balance sheet is strong, with plenty of cash and low debt levels.
In addition, the company’s dividend yield is attractive, making it an appealing investment for those seeking regular income. TD Asset Management Inc. recently sold shares of the company, which suggests investors may be taking profits after its successful run. Looking ahead, analysts expect V.F. Corporation to continue to perform well, making it an attractive option for investors looking for good returns.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
