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News Breaks | | | | January 10, 2013 | | 10:02 EDT |  | VFC | VF Corp. recent pullback a buying opportunity, says Citigroup
Citigroup said the recent pullback in VF Corp is a buying opportunity ahead of earnings. The firm believes shares have been pressured by recently warm weather and that there is limited downside at current levels. Shares are Buy rated with a $184 price target. | |
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News For VFC From The Last 14 Days Check below for free stories on VFC the last two weeks. |
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| June 11, 2013 | | 08:50 EDT |  | VFC | VF Corp. raises long-term projections for gross margin, operating margin
In addition to new 2017 targets for revenues and earnings per share, the company also raised its projections for gross and operating margin. VF is now targeting a gross margin of 49.5% in 2017, a 300 basis point improvement over the 46.5% gross margin achieved in 2012, citing "exceptional growth in its highly profitable Outdoor & Action Sports, direct-to-consumer and international businesses." Operating margin is expected to reach 16%, up 250 basis points from the 2012 operating margin of 13.5%. Annual cash flow from operations, by 2017, is targeted at $2.4B, with a cumulative $9.5B in cash flow to be generated between 2013 and 2017. | | | 08:49 EDT | | VFC | VF Corp. targets $17.3B in revenue, $18.00 EPS by 2017
VF Corporation, in conjunction with an investor meeting in New York City, announced its revenue target of $17.3B by 2017, representing a five-year compounded annual growth rate, CAGR, of 10%, with 8% organic growth and 2% growth anticipated from acquisitions. VF also announced its earnings per share target of $18.00 for 2017, representing a five-year CAGR of 13%. | | | June 5, 2013 | | 11:43 EDT |  | VFC | VF Corp. to host analyst meeting
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