Tapestry (TPR) is set to begin a
court battle with the
FTC over the $8.5B
Capri deal, stirring market reaction. Despite some
decreased stakes, there's evident interest in Tapestry with numerous entities, including
Poplar Forest Capital LLC and
Natixis Advisors LLC, adjusting their investments. Significant
revenue trends and remarkable share performance show a promising outlook alongside consensus analyst's
price target at $46.13. Forthcoming
earnings reports indicate a trajectory of exceeding expectations, matched with an upward revision in
profit forecast. While reports circulate of a sale of the
Stuart Weitzman brand, Tapestry's success in the market appears fueled by
strong European sales and impressive
customer engagement by Gen Z and Millennials. The FTC's lawsuit is met with Tapestry's defense motion, potentially impacting their proposed transaction with Capri Holdings Limited. Lawsuit resolution might sway the value of Tapestry's stock significantly. A proposed
dividend offers an incentive to shareholders, a strong reflection of Tapestry's financial stability. Pending regulatory approvals could impact future projections, particularly the European Union's viewpoint on their Capri deal.
Tapestry TPR News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 08 Sep 2024 18:51:10 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -5
