Tapestry Inc (NYSE: TPR) stockholders have had an active few months. The company's diverse moves include being
upgraded to 'Buy' at StockNews.com and its stock being
increased by various wealth and asset management firms. On another note, Tapestry has made steps to acquire
Capri Holdings in a cash deal worth $8.5 billion. This acquisition is currently under FTC scrutiny. Despite a decline in sales year-to-year, Tapestry managed a
Q3 earnings beat. This potentially was due to their strategic expansion and innovation initiatives. Notably, its international revenue has been notably reliance of late. While Q3 earnings are predicted to decline, they ultimately topped estimates. Meanwhile, the company faces challenges including missed Q1 sales targets. Its stock has fluctuated with an overall rise. Meanwhile, there is a currently ongoing FTC lawsuit affecting Tapestry. Despite this, several rating agencies recognize Tapestry as a value stock. However, FTC's action seeking to block the proposed transaction with Capri Limited had critics skeptical of the stock's growth potential
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 26 May 2024 11:07:32 GMT -
Rating 5
- Innovation 1
- Information 8
- Rumor -3
