{"id":31133,"date":"2023-10-18T00:59:47","date_gmt":"2023-10-18T00:59:47","guid":{"rendered":"https:\/\/prosfunds.com\/investing\/vans-parent-vfs-stock-soars-after-wsj-report-that-activist-investor-has-built-up-a-big-stake\/"},"modified":"2023-10-18T00:59:48","modified_gmt":"2023-10-18T00:59:48","slug":"vans-parent-vfs-stock-soars-after-wsj-report-that-activist-investor-has-built-up-a-big-stake","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=31133","title":{"rendered":"Vans parent VF\u2019s stock soars after WSJ report that activist investor has built up a big stake"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002624276\" role=\"document\">\n<p>Shares of VF Corp.<br \/>\n        VFC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206706147\/composite\" class=\"positive\">+13.96%<\/bg-quote><br \/>\n       ran up 10.3% in morning trading, enough to pace the S&amp;P 500\u2019s<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.01%<\/bg-quote><br \/>\n       gainers, after The Wall Street Journal reported that activist investor Engaged Capital has built a \u201cbig\u201d stake in the parent of retail brands including Vans and The North Face. The stock, which was headed for the biggest one-day gain since it rallied 11.4% on Nov. 11, 2022, has soared 16.7% amid a three-day win streak that started after it closed at a 14-year low of $15.30 on Oct. 12. Citing people familiar with the matter, the WSJ report said Engaged Capital, which is believed to now be among the top 10 shareholders of VF, plans to push for a number of changes including cost cuts of more than $300 million a year. Engaged is also pushing for VF to explore a strategic review of its noncore assets and real estate. VF\u2019s stock has shed 35.3% year to date, while the S&amp;P 500 has gained 13.0%.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/vans-parent-vfs-stock-soars-after-wsj-report-that-activist-investor-has-built-up-a-big-stake-568b3ac1?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of VF Corp. VFC, +13.96% ran up 10.3% in morning trading, enough to pace the S&amp;P 500\u2019s SPX, -0.01% gainers, after The Wall Street Journal reported that activist investor Engaged Capital has built a \u201cbig\u201d stake in the parent of retail brands including Vans and The North Face. The stock, which was headed for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-31133","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vans parent VF\u2019s stock soars after WSJ report that activist investor has built up a big stake | Prosfunds<\/title>\n<meta name=\"description\" content=\"Shares of VF Corp. VFC, +13.96% ran up 10.3% in morning trading, enough to pace the S&amp;P 500\u2019s SPX, -0.01% gainers, after The Wall Street Journal\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=31133\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vans parent VF\u2019s stock soars after WSJ report that activist investor has built up a big stake | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"Shares of VF Corp. 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