Orion Portfolio Solutions LLC, AssetMark Inc., and several other firms have increased their positions in
Tapestry, with notable acquisitions made by
Norges Bank and
Primecap Management Co. An execution sell order worth $105K was offloaded by
Manesh Dadlani. Also, the financial services company outperformed expectations in its recent Q1 earnings and revenues. Meanwhile, Tapestry's strategic expansion and innovation are deemed favorable, with the company poised for an acquisition of
Capri Holdings in an $8.5billion cash deal. The company's reliance on international revenue indicates its global standing, yet some investors remain cautious, as seen in the decrease of shares held by Principal Financial Group Inc. However, the stocks are finding favor among brokerages, receiving an average rating of 'Moderate Buy'. Despite the missed Q1 sales targets, Tapestry stock is on the rise, with an impressive 62.5% growth over the past six months. It is also reported that
FTC might block the Tapestry-Capri deal, leading to volatile trends in stock prices. However, Tapestry enjoys a positive outlook due to strategic innovations and global expansions.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Thu, 30 May 2024 15:01:59 GMT -
Rating 3
- Innovation 6
- Information 6
- Rumor -4
