Tapestry, Inc. (NYSE:TPR) has seen numerous financial movements lately. Major advisory groups and banks, including HighPoint Advisor Group LLC, Alaska Permanent Fund Corp, and Goldman Sachs Group Inc, have bought shares in Tapestry. Conversely, firms like PNC Financial Services Group Inc. and Vanguard Group Inc. have slashed their stock holdings. Tapestry revealed plans to acquire Capri Holdings through an $8.5B cash deal. The brand continues to thrive on customer-centricity and digitization and has been rewarded by the market, with their stock rising significantly in recent months. Despite potential regulatory issues involving its deal with Capri Holdings, Tapestry remains optimistic. The Tapestry stock is acknowledged by experts as a valuable long-term investment, due to continuous dividends and favourable returns. The company's commitment to climate leadership by 2024 is highly acclaimed. However, it also faces challenges in North America, which led to a trim in its revenue outlook.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 13:40:25 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor 3
