Tapestry (TPR) has been upgraded to a
strong buy and has a projected price target of $75.00, reflecting positive sentiments in the market. The company announced termination of its
merger agreement with Capri Holdings Limited which led to a surge in its stock value. In an effort to maximize shareholder value, Tapestry is making notable movements such as launching a
massive debt offering of $1.5 Billion and an
accelerated share repurchase program worth approximately $2.0 Billion.
Tapestry has shown promising
earnings growth and has boldly beaten Q1 and Q3 earnings and revenue estimates. The company also garners optimistic assessment from analysts. Its
long-term growth and
value stocks seem promising, with Coach brand driving the growth forward. Tapestry has also declared a dividend of $0.35 per share, indicating an encouraging financial structure.
The
termination of the Capri merger and its planned buyback program have put it under the radar of plenty of investors. New stakeholders have been acquired including Wellington Management Group LLP, Sanctuary Advisors LLC, among others. Its international revenue performance also deserves attention, pointing towards more growth opportunities. Despite a few challenges due to the failed merger, Tapestry continues to focus on expanding its business, making it an appealing investment.
Tapestry TPR News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Thu, 19 Dec 2024 15:29:13 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -1
