Tapestry Inc. (TPR) will report earnings soon, with Wall Street predicting growth. However, its position in Creative Planning has decreased. At its heart, the company celebrates team members such as Samantha Lanzerotti, Sr. Regional Visual Manager for Kate Spade. Despite TD Cowen downgrading TPR to 'Hold', Citi reiterated its 'Buy' rating. Tapestry's 52-week high indicates a strong run, however, the $8.5 billion acquisition of rival Capri was blocked by a US court. This led Capri's shares to plummet, causing Tapestry's merger plans to hang in the balance. Despite these challenges, TPR remains a top value stock with robust ROE for long-term investors. Several investment firms, like Pallas Capital Advisors and Assenagon Asset Management have raised their stakes in the company. Ahead of Q4 results, Tapestry has a promising earnings estimate, hinting at a potential beat. As the Capri deal falls through, Tapestry's focus twill be its upcoming FY25 first quarter earnings call, as well digital and customer-centric strategies.
Tapestry TPR News Analytics from Fri, 05 Apr 2024 07:00:00 GMT to Sat, 02 Nov 2024 07:09:56 GMT -
Rating 3
- Innovation 4
- Information 9
- Rumor -1
