North Face owner VF Corp rallies after top execs buy shares

VF Corp's VFC.N shares up 12.5% to $13.50 on Tues after apparel and footwear retailer's top executives unveiled stock buys

VFC shares among top performers in S&P 1500 index .SPSUP, which is up 2% on the session amid broader market strength .N

CEO Bracken Darrell disclosed buying roughly 85,800 shares on Fri, or $1 mln worth, bringing his total holdings to ~295,000 shares, per SEC filing early Tues

In addition, COO Abhishek Dalmia disclosed purchasing 50,000 shares, and board director Richard Carucci also bought 50,000 shares

Denver, Colorado-based VFC, which owns brands such as North Face and Timberland, has ~389.7 mln shares outstanding for ~$5.3 bln current market cap, per LSEG data

On May 21, VFC shares shed nearly 16% after co reported 5% y/y fall in Q4 rev to $2.14 bln, missing analysts' expectations, clipped by tariff uncertainty

Despite move on Tues, VFC shares down 37% YTD vs ~24% decline in S&P 400 Apparel, Accessories and Luxury Goods sub-index .SPMDCTEXT

Of 24 analysts covering VFC, recommendation breakdown is 4 "strong buy" or "buy", 18 "hold" and 2 "sell" ratings, latest LSEG data reflects

Median PT of $14 down from $18 a month ago and from $25 on Mar 27