On May 22, 2019, apparel maker VF Corp. spun off its Lee and Wrangler jeans business as a separately traded company called Kontoor Brands. Investors received one share in Kontoor for every seven VF shares they held. So far, the split has produced mixed results: VF is down 45%, but Kontoor is up 19%.
Even so, we feel both stocks are poised to move higher in the next few years, particularly as shoppers return to retail stores following COVID-19 lockdowns. Both companies also recently raised their dividends, which is a sign that they expect better earnings in the next few years.
VF CORP. $46 is a buy. The company (New York symbol VFC; Consumer sector; Shares outstanding: 388.3 million; Market cap: $17.9 billion; Dividend yield: 4.3%; Takeover Target Rating: Medium; www.vfc.com) is one of the world’s largest apparel suppliers and a leader in the outdoor, sportswear, and workwear markets. Its main brands include Vans, The North Face, Timberland and Dickies.
Sales through mass retail chains and specialty…
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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