UPDATE 4-VF to spin off Lee and Wrangler jeans into public company [Reuters (UK)]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
Check Earnings Report
US:NYSE Investor Relations:
ir.vfc.com
Company Research
Source: Reuters
VF to spin off Lee and Wrangler jeans into public company | Reuters 3 Min Read (Reuters) - VF Corp ( VFC.N ), one of the world’s biggest apparel makers, will spin off Lee and Wrangler jeans into a separate public company, it said on Monday, allowing it to focus on its more profitable Vans sneakers and The North Face outerwear businesses. Denims were responsible for more than half of VF’s overall profit in 2000, but have since been outpaced by skateboarder favorite Vans, which has driven much of VF’s recent growth. The spin-off, expected to be completed in the first half of 2019, will also give VF more flexibility to pursue acquisitions and explore new business areas. However, investors reacted coolly to the news, with VF’s shares falling nearly 4 percent to $92.53 on Monday afternoon. The stock has risen roughly 20 percent year to date. While VF’s activity-based outdoor products business saw profit jump 15 percent in the year that ended in March, earnings from jeans slipped nearly 1
Show less
Read more
Impact Snapshot
Event Time:
VFC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VFC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VFC alerts
High impacting V.F. Corporation news events
Weekly update
A roundup of the hottest topics
VFC
News
- The North Face and icebreaker Introduce Capsule Collection Inspired by Nature [Yahoo! Finance]Yahoo! Finance
- Your Privacy [Forbes]Forbes
- Kontoor Brands: Doing The Right Things But I Am Waiting For Lower Prices [Seeking Alpha]Seeking Alpha
- V.F. Co. (NYSE: VFC) had its "neutral" rating re-affirmed by analysts at BNP Paribas. They now have a $14.00 price target on the stock, down previously from $18.00.MarketBeat
- Q4 Earnings Highlights: VF Corp (NYSE:VFC) Vs The Rest Of The Apparel, Accessories and Luxury Goods Stocks [Yahoo! Finance]Yahoo! Finance
VFC
Earnings
- 2/6/24 - Miss
VFC
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- VFC's page on the SEC website