Core Insights - V.F. Corporation (NYSE:VFC) experienced a 5.6% decline in early trading following the announcement of the sale of the Dickies brand [4] - The company clarified that the decision to sell was not a response to any changes in its underlying business performance [4] Company Summary - The sale of the Dickies brand is a strategic move by V.F. Corporation, indicating a potential shift in brand portfolio management [4] - Analysts are assessing the implications of this sale on the company's overall market position and future growth prospects [4]

Upgrades - Loop Capital upgraded Union Pacific (UNP) to Hold from Sell with a price target of $227, increased from $214, noting shares are down 5% year-to-date and valuation multiples are modestly above five-year lows [2] - BofA upgraded Prologis (PLD) to Buy from Neutral with a price target of $130, up from $118, citing improved lease conversion rates in Q3 compared to Q2 and positive demand-supply dynamics expected through 2026 [3] - Goldman Sachs upgraded Hershey (HSY) to Buy from Sell with a price target of $222, raised from $170, highlighting a compelling risk/reward scenario after multiple guidance reductions [4] - Arete upgraded Baidu (BIDU) to Buy from Sell with a price target of $143, emphasizing the potential of Baidu's Kunlun chip venture to offset challenges in its online advertising business [5] - Citizens JMP upgraded CoreWeave (CRWV) to Outperform from Market Perform with a price target of $180, projecting growth of its GPU-as-a-service business to an estimated $300 billion from $3 billion to $4 billion currently [4] Downgrades - TD Cowen downgraded Warner Bros. Discovery (WBD) to Hold from Buy with an unchanged price target of $14, expressing concerns about the stock's risk/reward after a recent rally [6] - Rothschild & Co Redburn downgraded Live Nation (LYV) to Neutral from Buy with a price target of $170, up from $144, indicating slower margin expansion and reduced earnings upside potential [6] - Stifel downgraded VF Corp. (VFC) to Hold from Buy with a price target of $16, increased from $15, stating that the stock's risk-reward is now balanced after a 12.5% one-month return [6] - JPMorgan downgraded Camp4 Therapeutics (CAMP) to Neutral from Overweight without a price target, noting early-stage challenges in its lead program despite a cash runway into 2027 [6] - JPMorgan downgraded Neumora Therapeutics (NMRA) to Underweight from Neutral without a price target, citing a failed Phase 3 trial for its treatment in major depressive disorder [6]

Core Insights - The North Face has shifted 80% of its production away from Türkiye due to rising costs, which have reportedly doubled compared to competitors in the Far East [1] - Gelisim Tekstil, previously a major producer for The North Face, is facing a drastic reduction in business, with orders dropping from approximately €30 million to between €4 million and €5 million [2][3] - The workforce at Gelisim Tekstil, currently at 1,200 employees, may be halved due to the cutback in orders, with production capacity utilization plummeting from 1 million pieces in 2022 to 400,000-500,000 pieces [5] Production and Workforce Impact - Gelisim Tekstil was the second-largest global producer for The North Face and the largest within the EU, but has seen a significant shift in production to countries like Bangladesh and Vietnam [3] - The company has multiple facilities, including a factory in Corlu with 300 workers, an Adiyaman plant with 350 staff, and an Istanbul facility employing 500 individuals [4] - The chairman of Gelisim Tekstil indicated that if business conditions do not improve, the company may need to part ways with employees, potentially leading to a workforce reduction by half starting in May next year [5] Economic Factors - The minimum wage in Türkiye has surged by 302% and inflation has increased by 290% over the past three years, significantly outpacing the growth of the US dollar, which rose by only 132% [6] - As a result, the company's expenses in dollar terms have more than doubled, contributing to the decision to reduce production in Türkiye [6]

Core Viewpoint - The V.F. Corporation is facing a class action lawsuit due to allegations of misleading investors about its financial health and growth prospects, particularly regarding the Vans brand, leading to significant stock price declines [4][5][10]. Group 1: Lawsuit Details - The class action lawsuit is titled Brenton v. V.F. Corporation, No. 25-cv-02878 (D. Colo.), and it involves investors who purchased V.F. Corporation securities between October 30, 2023, and May 20, 2025 [1]. - Investors have until November 12, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that V.F. Corporation and its executives violated the Securities Exchange Act of 1934 by providing false information regarding the company's revenue outlook and growth potential [1][4]. Group 2: Allegations Against V.F. Corporation - The complaint claims that V.F. Corporation misrepresented its growth and cost-cutting measures, particularly regarding the Vans brand, which did not align with actual performance [4]. - On May 21, 2025, V.F. Corporation reported a significant decline in Vans' growth, with losses worsening from 8% to 20% in the fourth quarter, which was attributed to deliberate revenue reductions [5]. - Following the negative report, V.F. Corporation's stock price fell nearly 16%, indicating a strong market reaction to the disclosed information [5]. Group 3: Company Background - V.F. Corporation, along with its subsidiaries, offers a range of branded apparel, footwear, and accessories for various demographics [3]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized for its significant recoveries in securities class action cases, having recovered over $2.5 billion for investors in 2024 alone [8].

Core Viewpoint - VF Corporation has agreed to sell its Dickies brand to Bluestar Alliance for $600 million in cash, aiming to stabilize its business and reduce debt levels [1][4]. Group 1: Transaction Details - The sale of Dickies is expected to close by the end of 2025 and is anticipated to support VF's growth on a pro-forma basis [1]. - Dickies, an iconic American workwear brand founded in 1922, was previously acquired by VF in 2017 for $820 million [2]. - Bluestar Alliance has shown interest in the Dickies brand for several years and aims to leverage consumer insights and operational excellence to unlock its full value [3][4]. Group 2: Financial Performance - VF reported revenues of $1.90 billion in Q1 of fiscal 2025, down 9% from $2.08 billion in Q1 of fiscal 2024 [4]. - The North Face and Vans brands experienced revenue declines of 3% and 21% respectively compared to the same quarter of the previous year [5]. - VF's operating loss for the quarter ending July 29, 2024, was $239.89 million, a significant increase from a loss of $8.99 million in Q1 of fiscal 2024 [5].

Core Viewpoint - V.F. Corporation is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims that the company misrepresented its revenue outlook and growth potential during the class period from October 30, 2023, to May 20, 2025 [1][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Brenton v. V.F. Corporation and was filed in the District of Colorado [1]. - The lawsuit claims that V.F. Corporation and its executives created a false impression of reliable information regarding the company's projected revenue and growth, while downplaying risks associated with seasonality and macroeconomic factors [4]. - The complaint highlights a significant decline in the growth trajectory of the Vans brand, with losses reported at 8% in the previous quarter and worsening to 20% in the fourth quarter of fiscal 2025 [5]. Group 2: Financial Impact - Following the release of disappointing financial results on May 21, 2025, V.F. Corporation's stock price fell nearly 16% [5]. - The company attributed its poor performance to "deliberately reduced revenue" aimed at eliminating unprofitable segments, indicating that even without these actions, Vans would have experienced a "high single digit" revenue decline [5]. Group 3: Legal Process - Investors who purchased V.F. Corporation securities during the class period have until November 12, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [6]. Group 4: Company Overview - V.F. Corporation, along with its subsidiaries, offers a range of branded apparel, footwear, and accessories for various demographics [3].

Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) for allegedly misleading investors regarding its turnaround plan, particularly concerning the Vans brand [1][3]. Company Overview - VFC is a global leader in branded lifestyle apparel, footwear, and accessories, owning well-known brands such as Vans, The North Face, Timberland, and JanSport [2]. Lawsuit Details - The lawsuit pertains to investors who purchased VFC shares between October 30, 2023, and May 20, 2025, with a deadline of November 12, 2025, for potential lead plaintiff appointments [2]. - The complaint claims that VFC did not disclose necessary restructuring steps for Vans, which negatively impacted revenue and contradicted earlier public statements [3]. Financial Performance - On May 21, 2025, VFC reported a 20% decline in Vans revenue for Q4 fiscal 2025, worsening from an 8% decline in the previous quarter [4]. - The company attributed this shortfall to undisclosed internal cost-cutting and restructuring actions, indicating deeper brand issues [4]. - Following the revenue announcement, VFC's stock price dropped from $14.43 to $12.15, a decline of over 15% [4].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of V.F. Corporation securities, alleging that the company disseminated materially false and misleading statements regarding its turnaround plans, particularly concerning the Vans brand [1][5]. Group 1: Lawsuit Details - The class action lawsuit pertains to securities purchased between October 30, 2023, and May 20, 2025, inclusive [1]. - The lawsuit claims that V.F. Corporation concealed necessary actions that would impact the revenue growth trajectory of the Vans brand, leading to investor damages when the true information was revealed [5]. Group 2: Participation Information - Investors who purchased V.F. Corporation securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm directly [3][6]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4].

LOS ANGELES, Sept. 15, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises V.F. Corporation, (“V.F.” or the "Company") (NYSE: VFC) investors of a class action on behalf of investors that bought securities between October 30th, 2023, and May 20, 2025, inclusive (the “Class Period”). V.F. investors have until November 12th, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights ...

Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (NYSE: VFC) for allegedly misleading investors about the company's business prospects, particularly regarding the Vans brand turnaround efforts [1][2]. Group 1: Allegations and Misleading Information - The lawsuit claims that V.F. Corporation misled investors about its plans to revitalize the Vans brand, including positive results from an inventory reset and new leadership appointments, while concealing the need for further significant reset actions to achieve growth [2]. - The complaint highlights that the company reported sequential revenue growth in the Vans brand but failed to disclose material adverse facts that would impact its revenue growth trajectory [2]. Group 2: Financial Impact - On May 21, 2025, V.F. Corporation reported a decline in Vans' growth trajectory, with losses increasing from 8% in Q3 to 20% in Q4, and projected continued declines into the next quarter [3]. - Following this announcement, VFC's stock price dropped from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025, representing a decrease of approximately 15.8% [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must submit their papers by November 12, 2025, to serve as lead plaintiff, representing other class members in the litigation [4]. - Shareholders can remain absent class members and still be eligible for recovery without participating in the case [4]. Group 4: About Robbins LLP - Robbins LLP is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].