ARGA Investment Management LP has sold 46,238 shares of
Tapestry, Inc. (NYSE:TPR) whereas Charles Schwab Investment Management Inc., National Bank of Canada FI, and Teacher Retirement System of Texas have all increased their shares in the company. Simultaneously, both
StockNews.com and
Bernstein Bank had rated Tapestry's performance and consequently lowered their price targets. Contrary to views indicating a flat or declining market performance for Tapestry, there are strong statistics beating earnings estimates and consistent stock gains over the last six months. This comes even as several banks decrease their stakes, and the company noticeably trims its revenue outlook. The proposed merger with
Capri Holdings Limited has attracted significant attention with FTC possibly blocking the transaction, citing competition concerns. In between these events, Tapestry continues to place commendable emphasis on strategic innovations and global expansion, which are positive indicators for future growth.
Tapestry TPR News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Thu, 16 May 2024 23:32:27 GMT -
Rating 3
- Innovation 6
- Information 7
- Rumor 4
