Tapestry Inc (NYSE:TPR) has had an extremely eventful period recently. Substantial share transactions took place with numerous financial companies increasing, decreasing, or initiating their positions in the company, including
M&G Plc, Westfield Capital Management, ProShare Advisors, BNP PARIBAS, and Swiss National Bank. The company's
customer-centric strategy has made significant gains, and the company has seen a positive response with its stock rating being upgraded to
Buy. While the company's reliance on foreign revenue has been scrutinized,
strong Q1 earnings have been received positively. However, anticipation looms over Q3 results as a decline in earnings is expected, challenging the stock's YTD performance. The corporation's bold growth strategies are commended, but uncertainty remains regarding Tapestry’s proposed acquisition of Capri, due to FTC's antitrust concerns. Despite reportedly stagnant revenue, analysts, including Norden Group, FDx Advisors, and Mutual of America Capital Management, maintain a bullish view. The room for
long-term value is forecasted by some experts, despite recent turbulence in North America and the potential derailment of the merger plan by the FTC. Contrastingly, some experts caution against Tapestry's inflated investor expectations, given the mixed financial reports.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 19:57:25 GMT -
Rating 2
- Innovation -3
- Information 5
- Rumor -6
