According to the Piper Sandler, V.F. Corporation's Neutral rating was neutral rating and a price target of $18, citing continued challenges in reviving growth at Vans, which remains the most important factor for the stock’s direction.One of the conclusions that the company has reached thus far is that, although the relieving business operations are being conducted, the important jump in the growth trend may not take place until FY27.

Vans, which is responsible for 25% of VFC’s turnover, has succeeded in this regard with the help of emerging technologies such as Knu Skool, Hylane, and Upland. Yet Piper Sandler forecasted that only 11% of US Vans.com shoe skus would be new models, and the remaining 89% would be classic models, like Old Skool, which constitute over 20% of SKUs and continue to face declining sales.The company’s brands including The North Face and Timberland which over 55% of VFC’s sales supply yet in F3Q25 they returned to advancing the perishing revenue.Piper Sandler commented that the strategic partnerships and new product innovations and have made brands like SKIMS and Louis Vuitton popular, but the concept of sustainability is still being understood.Whereas the brand is adding new sections like Trail and Outdoor to its portfolio, the brand’s main philosophy remains around cold-weather products. On the contrary, Dickies, a former underperforming brand, shines after three consecutive years of sales increases.

Piper Sandler forecasts EPS of $1.85 to $2.00, with the potential of 150-200 billion basis points of extra margin for every $1 billion in additional revenue.The majority of SG&A leverage benefits will occur during FY28. A 10% EBIT margin can be achieved without revenue growth, as the management has suggested in order to produce $1.85 in EPS. Through the company’s (S)um-(o)f-(t)he-(P)arts methodology, SHS (Shares) are ~sidewise priced, i.e., are likely underpriced/can (as well) have a price fall of 6% potential