Tapestry Inc (TPR) has been experiencing a wealth of attention from various investment entities and market analysts. The company continues to show promise with its strategic growth and customer-centricity resulting in increased shares with multiple stakeholders, such as National Bank of Canada FI and Blair William & Co. IL amongst others. However, the acquisition of shares is also counterbalanced by some key players such as
Vanguard Group Inc and Mitsubishi UFJ Trust & Banking Corp, selling off their stock in Tapestry. On the other hand, the company's financial performance looks promising with several reports citing impressive ROE and stock rises within six months. Alongside, the optimism for TPR's long-term valuation is also echoed by a few of the financial experts.
However, there have also been setbacks; particularly, the lowered price target to $52.00 by Wells Fargo & Company, and ongoing doubts surrounding the Capri deal which might face regulatory scrutiny. Amid these developments, Tapestry has still managed to deliver Q3 earnings ahead of expectations and gets rated 'Moderate Buy' by multiple analysts. Despite all, the company is now under watch as it faces potential challenges including a lawsuit
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 28 Jul 2024 16:09:35 GMT -
Rating 4
- Innovation 2
- Information 6
- Rumor 2
