Why VF Corp Stock Is Surging Tuesday
Portfolio Pulse from Adam Eckert
Activist investor Engaged Capital has built a significant stake in V.F. Corp (NYSE:VFC) and is pushing for changes, including cost-cutting initiatives that could save more than $300 million annually. Engaged Capital is now believed to be among the top 10 shareholders of VF Corp. The investor believes that by focusing on gross margin improvement and cost reductions, VF Corp's share price could rise to the mid-$40s within three years.
October 17, 2023 | 3:41 pm
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Engaged Capital's stake in V.F. Corp and push for cost-cutting initiatives could lead to significant changes in the company's operations and potentially boost its share price in the coming years.
The news of Engaged Capital's stake and its push for changes, including cost-cutting initiatives, could potentially lead to operational improvements in V.F. Corp. This could make the company more attractive to investors, potentially leading to an increase in its share price.
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