Tapestry (TPR) is anticipated to beat earnings estimates in its Q4 report amid the acquisition of 8,476 shares by Cetera Advisors LLC and a simultaneous growth in average price targets from brokerages. Accumulated year-to-date growth stands at 6% following the results from Q3. Analysts are rating the company a moderate buy, following the potential court victory related to Capri Holdings. The stock has risen by 62.5% in the half-year and major investors like DekaBank Deutsche Girozentrale and Manning & Napier Advisors LLC have significantly upped their stakes in the company. TPR is heavily reliant on international revenues for growth. Prospective challenges lie ahead with its impending earnings announcement, especially given regulatory tensions over its proposed acquisition of Michael Kors and Coach brands. Nevertheless, despite stagnating revenue and potential legal roadblocks from the FTC, experts maintain a bullish outlook for TPR. Speculation of an 80% recovery to pre-inflation shock highs has also been voiced. Amid all of this, Capri Holdings' stocks may fall due to potential FTC objections to the merger. Investors should stay tuned for FY24 third quarter earnings call to gather more comprehensive information reflecting these complex developments and potential growth trajectories.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 11 Aug 2024 12:32:23 GMT -
Rating 8
- Innovation 5
- Information 6
- Rumor 3
