The past few months have been volatile for
Tapestry Inc. (TPR) as the company saw a mix of highs and lows. Announcing a
dividend of $0.35, the multinational luxury fashion holding company has managed to stay resilient in a sluggish consumer environment, with
Coach recording excellent performance. Analyst ratings have been generally positive as the firm's Q2 and Q4 reports exceeded estimates. Furthermore, strong European sales and successful customer engagement by
Gen Z and millennials propelled the company's stock, despite gross margin expansion. However, the full year 2024 earnings indicated a slight miss in expectations. On various occasions, stocks have gapped up on sturdy earnings, nevertheless, its price target was lowered to $51.00 at JPMorgan Chase & Co. Tapestry's planned acquisition of
Capri Holdings is currently under FTC scrutiny which could potentially affect the share price. Nevertheless, the value remains attractive for long-term investors with a notable rise of 62.5% in six months, which can be attributed to strong value propositions and increased holdings by prominent firms like
Swedbank AB, Cetera Advisors LLC, and SG Americas Securities LLC.
Tapestry TPR News Analytics from Fri, 01 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 17:56:43 GMT -
Rating 3
- Innovation -3
- Information 6
- Rumor -2
