Tapestry's international revenue trends and reliance on international earnings have been major contributors to the company's performance. However, its international revenue generation is threatened as the company's shares have crossed below the 200 DMA. Meanwhile, major financial institutions, including Panagora Asset Management and Atomi Financial Group, have deepened their stakes in Tapestry. Its stock has appreciated by 6% significantly buoyed by the company outperforming Wall Street estimates and strong sales in Europe. Tapestry reported strong Q4 earnings expanding on gross margins and beating revenue estimates. Communication has been held with regards to the Q4 results including details on earnings per share, exceptional strength in customer engagement by Gen Z and Millennials and updates related to a proposed Capri acquisition, which has currently been blocked by the US FTC. Despite uncertainty, several analyses indicate Tapestry as a valuable long-term investment. This suggests highs, lows and residual uncertainty surrounding the FTC's recent involvement in Tapestry's attempted acquisition of Capri Holdings. Options activity has picked up and adjustments in earnings guidance are currently underway.
Tapestry TPR News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Fri, 30 Aug 2024 21:44:38 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -4
