Tapestry (TPR) has been a subject of numerous market changes and updates. Recently, the company has seen various
weekly ratings changes from analysts and reported a
6% increase in its stock year-to-date. Tapestry has named
Eva Erdmann as the CEO and Brand President of
Kate Spade, one of the portfolio brands of the company.
Shares of Tapestry have risen by up to
62.5% in the last six months, owing to its strategic growth plans and customer-centric approach. However, there are certain concerns including a reported
downgrade to 'Hold' by StockNews.com and the possibility of a
lawsuit by the US FTC over its $8.5 billion takeover of Capri Holdings Limited. Despite the stagnating revenue, market watchers maintain a
bullish outlook on the company. The brand shows
encouraging growth strategies, though its stock has experienced a dip post the trimming of its revenue outlook in North America. The Capri acquisition has been identified as having a potential positive impact on the stock. Tapestry recently reported a miss on its expected earnings for Q3 2024.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sat, 03 Aug 2024 22:57:40 GMT -
Rating 4
- Innovation -2
- Information 6
- Rumor 1
