V.F. (VFC) Stock Forecast & Price Target

The financial performance of VF Corporation demonstrates a positive outlook, with adjusted revenue from its All Other segment, excluding Dickies, rising 9% in the third quarter, contributing $222 million. Notably, The North Face and Timberland brands showed significant year-over-year growth, with revenues increasing 8% and 5% respectively, indicating strong demand in the outdoor apparel market. Additionally, direct-to-consumer (DTC) digital revenues experienced a robust 12% increase year-over-year, highlighting the effectiveness of VF's e-commerce strategy and overall brand strength.

The negative outlook on VF's stock is primarily driven by the continued decline in Vans revenue, which experienced an 8% year-over-year decrease and remains under pressure with a projected uncertain growth trajectory. Additionally, while the company's overall inventory decreased by 7.6% year-over-year, the operating income forecast fell short of market expectations, indicating potential challenges in profitability. Lastly, the guidance for F4Q26 projects flat to a modest 2% growth year-over-year, signifying a lack of momentum amid ongoing declines in key segments, particularly in the active category.