Tapestry Inc (TPR) has seen both growth and reduction in stock holdings by various firms, such as Commonwealth Equity Services and NBC Securities. The company's reliance on international revenue is noteworthy, while it continues to surpass expectations by delivering strong Q3 earnings. It has also shown interesting moves in terms of dividend pay-outs, making it a potential long-term value stock. The pending deal with Capri Holdings (CPRI) is under FTC scrutiny, posing potential antitrust risks. Despite a decrease in sales in Q1, Tapestry shows resilience with an impressive upswing in share price, despite stagnating revenue. The overall consensus from analysts is that Tapestry's stock is a 'moderate buy'. Their proposed merger with Versace owner Capri has been approved in the EU and Japan, but has been blocked by the US FTC. In addition to this, the investor sentiment towards the company remains positive, with several asset management companies investing recently. Though there are challenges tied to the Capri acquisition, Tapestry had a record Q2 from strong Coach brand sales.
Tapestry TPR News Analytics from Thu, 10 Aug 2023 07:00:00 GMT to Sat, 06 Jul 2024 12:42:37 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -3
