VF Corp. (NYSE: VFC) recently reported financial results for its fiscal 2023 (ended March 31), and the numbers were better than what analysts were looking for. Revenue of $2.7 billion and adjusted diluted earnings per share of $0.17 were both down year over year. But the stock was up slightly following the news. 

Shares of VF Corp. are down 31% in 2023 and 60% over the past 12 months. They now trade at a price-to-earnings ratio of 17.7, which is a bit of a discount compared to the valuation of the overall S&P 500. Some investors might view this as an attractive buying opportunity, especially since a lot of businesses trade at premiums to the overall market. 

But I think it's best to avoid VF's stock. Here's why I have this strong point of view. 

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Source Fool.com