Tapestry Inc. has been the subject of several recent investment activities. Stifel Financial Corp and TD Asset Management Inc have increased their holdings in the company, and Capital Research Global Investors have purchased over 2.5 million shares. Conversely, California State Teachers Retirement System, Bank of Nova Scotia, and the Treasurer of the State of North Carolina have reduced their holdings. The company's growth strategies and digital innovation have been mentioned as key drivers behind its promising prospects and rising RS Rating. However, its proposed merger with Capri Holdings Limited has come under FTC scrutiny, which might have a negative impact on its stock. The company's financial performance remains strong, topping Q3 earnings and revenue estimates. It is also noted that Tapestry is not particularly reliant on international revenue and that its share price could rise significantly if it recovers to pre-inflation shock highs.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 09 Jun 2024 15:55:03 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -1
