Tapestry Inc. (TPR) has seen an impressive growth with several major firms raising their stakes in the company:
Stifel Financial Corp, Brevan Howard Capital Management LP, Blueshift Asset Management LLC, and
EverSource Wealth Advisors LLC, among others. Meanwhile, some have reduced their positions, including Bridgewater Associates LP and CIBC Asset Management Inc. The performance of TPR shares has also been discussed, reporting a
6% increase year-to-date and a rise of
62.5% in the last six months. Future predictions remain positive, thanks to the company's Q3 results and its strategic expansion. It's also worth mentioning that TPR managed to pass investment checks while also preparing to pay a
US$0.35 dividend. Many are keenly watching the proposed merger between
Tapestry and Capri Holdings, which is currently under scrutiny by the FTC, although it has already received approval from the EU and Japan. Nevertheless, TPR has proven to be a strong value stock, with its growth strategies and continued innovation deemed encouraging. It also possesses a healthy reliance on International Revenue.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Thu, 13 Jun 2024 11:11:58 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -5
