Tapestry, Inc. (TPR) continues to be a topic of interest with a multitude of events surrounding the company. Westwood Holdings Group Inc., Pacer Advisors Inc., and Federated Hermes Inc., are among the financial entities that have increased their stake in TPR, signaling confidence in its future. There’s been a lot of buzz around Tapestry’s proposed merger with
Capri Holdings Limited, a move that has received heavy scrutiny from the
US Federal Trade Commission (FTC) with an ongoing trial. Despite this, TPR delivered strong Q4 results, beating Wall Street estimates and showing a gross margin expansion. Another focal point is the appointment of Eva Erdmann as CEO & Brand President of
Kate Spade. In other news, TPR’s stock showed an impressive 62.5% rise over the last six months, despite various challenges including replacing leadership at Kate Spade. TPR has been noted as an undervalued play and continues to exhibit signs of being a strong long-term value investment despite the uncertainty surrounding the Capri acquisition.
Tapestry TPR News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Sun, 22 Sep 2024 09:53:13 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 4
