Latest news with #Civello
Yahoo
22-05-2025
- Business
- Yahoo
Truist Financial Maintains Buy Rating on Dick's Sporting Goods (DKS)
On May 20, Truist Financial analyst Joseph Civello maintained a Buy rating on DICK'S Sporting Goods, Inc. (NYSE:DKS), with a $245.00 price target. The rating came after DICK'S Sporting Goods, Inc. (NYSE:DKS) announced its preliminary Q1 2025 results and plans to acquire Foot Locker (NYSE:FL) on May 15. A customer in a specialty concept store wearing a full outfit of apparels and sports gear. The analyst said that the market's initial reaction to the acquisition news was somewhat of an overreaction, as the stock took a notable hit after the announcement. He reasoned that the news of the acquisition has temporarily shifted the market sentiment to skepticism, stopping the positive momentum DICK'S Sporting Goods, Inc. (NYSE:DKS) was experiencing. Civello said that the drop in the company's market capitalization following the news was disproportionate, as he considers the acquisition to bring several benefits, including higher bargaining power with partners, expanded geographic reach, and access to new customer groups. According to the analyst, DICK'S Sporting Goods, Inc. (NYSE:DKS) has an attractive growth narrative. Its financial performance corroborates this view, as it reported a comparable sales growth of 4.5% in fiscal Q1 2025, according to its preliminary results. While we acknowledge the potential of DKS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DKS and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Truist Slashes Price Target on VF Corporation (VFC) After Q4 Report, Maintains Hold Rating
On May 21, Truist analyst Joseph Civello lowered the price target on V.F. Corporation (NYSE:VFC) from $24 to $13, while keeping a Hold rating on the stock. The decline in price target comes after the company released its Q4 2025 results. A model walking down the runway wearing a fashionable and performance-based apparel designed by the company. V.F. Corporation (NYSE:VFC) is an international apparel, footwear, and clothing accessories company. It owns a diverse portfolio of well-known brands including The North Face, Vans, Timberland, Dickies, Kipling, and others. The company reported a quarterly revenue of $2.1 billion for Q4 2025, reflecting a 3% decline year-over-year. Although this is within the company's guideline of -2% to -4%, Civello highlighted that the sales declined 20% in constant currency. Notably, despite the revenue decline, the operating income grew 4% year-over-year to $22 million, exceeding management's guidance. Civello noted that management of V.F. Corporation (NYSE:VFC) has attributed 60% of this decline to brand resetting activities. These activities are anticipated to continue till the first half of fiscal 2026, thereby causing similar headwinds. Analyst Civello stated, 'There is a lot of wood left to chop', which is why he remains cautious with a Hold rating on the stock. While we acknowledge the potential of VFC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFC and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None
Yahoo
21-05-2025
- Business
- Yahoo
Truist Slashes Price Target on VF Corporation (VFC) After Q4 Report, Maintains Hold Rating
On May 21, Truist analyst Joseph Civello lowered the price target on V.F. Corporation (NYSE:VFC) from $24 to $13, while keeping a Hold rating on the stock. The decline in price target comes after the company released its Q4 2025 results. A model walking down the runway wearing a fashionable and performance-based apparel designed by the company. V.F. Corporation (NYSE:VFC) is an international apparel, footwear, and clothing accessories company. It owns a diverse portfolio of well-known brands including The North Face, Vans, Timberland, Dickies, Kipling, and others. The company reported a quarterly revenue of $2.1 billion for Q4 2025, reflecting a 3% decline year-over-year. Although this is within the company's guideline of -2% to -4%, Civello highlighted that the sales declined 20% in constant currency. Notably, despite the revenue decline, the operating income grew 4% year-over-year to $22 million, exceeding management's guidance. Civello noted that management of V.F. Corporation (NYSE:VFC) has attributed 60% of this decline to brand resetting activities. These activities are anticipated to continue till the first half of fiscal 2026, thereby causing similar headwinds. Analyst Civello stated, 'There is a lot of wood left to chop', which is why he remains cautious with a Hold rating on the stock. While we acknowledge the potential of VFC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFC and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
