Tapestry, Inc. (TPR) has emerged as a significant highlight in the mutual funds category, according to Goldman Sachs. Additionally, Sanctuary Advisors LLC recently made a new investment in the company. Despite appearing to be undervalued by 47% based on intrinsic value estimates, the company has consistently been surpassing earnings estimates. Their bid for Capri is under scrutiny in an ongoing US anti-trust trial. Their Chief Investment Officer, Yang Lu, was recognized as one of the outstanding leaders in technology and DEI initiatives among Asian Americans. The company’s shares hit a 3% yield mark recently, and the sensible use of debt is a noteworthy feature of their financial stability. Expected FY24 Q4 and year-end earnings call will be hosted by Tapestry. Key Wall Street metrics reveal potential for growth in Q4 results for Tapestry while their international revenue trends initiate positive anticipation among investors. The proposed merger with Capri has been criticized, and the resultant lawsuit by FTC presents potential risks. A new CEO & Brand President, Eva Erdmann, was appointed recently for their brand Kate Spade. Lastly, the company seems to be outperforming the consumer discretionary sector.
Tapestry TPR News Analytics from Mon, 05 Feb 2024 08:00:00 GMT to Sat, 12 Oct 2024 19:48:13 GMT -
Rating 7
- Innovation 3
- Information 5
- Rumor -3
