Tapestry Inc. (NYSE:TPR) has seen considerable movement in its shares, with various
financial firms and investors adjusting their stakes.
Wells Fargo & Company MN holds $14.70 million,
Corient Private Wealth LLC raised its holdings, and
Boulder Hill Capital Management LP acquired 55,700 shares. There has been a
17.2% decrease in short interest and the
average broker rating has been given as 'Moderate Buy'.
Norges Bank notably acquired a massive stake too. There are
investor concerns over FTC's opposition to the proposed Tapestry-Capri merger, although it has received approval from the EU and Japan. Regardless, the company continues to perform, with Q3 earnings and revenues topping estimates. However, Tapestry shares faced a dip following the company trimming its revenue outlook amid challenges in North America. Seasoned Executive
Manesh Dadlani has notably sold $105K of his stock. Despite a decrease in some holdings, Tapestry remains of interest to many for its long-term value and solid Q2 performance.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 02 Jun 2024 14:59:24 GMT -
Rating 2
- Innovation -1
- Information 5
- Rumor -1
