This period has shown a lot of **activity** around **Tapestry (TPR)**. The company’s **stock price** reached a **new high** while plans for a substantial **$2B share buyback program** were unveiled, aiming for a **100% Cash Flow Return**. Despite this, a **Risk vs Reward** situation has been noted. The commitment to **sustainability** is evident in their three thriving apparel brands. TPR’s **Sales** got a boost due to the strong performance of their **Coach Brand**, resulting in an upward adjustment of their **outlook**. Several investment firms have increased their holdings, demonstrating a **positive sentiment** towards TPR. Unexpectedly, TPR terminated its **merger agreement with Capri Holdings**, due to **regulatory roadblocks**. Subsequent to this, the company decided to buy back bonds that were to fund the Capri purchase. Despite the anomaly of the merger termination, TPR still remains a sound investment due to the **earnings growth** potential, strong **EPS**, freshly increased **Dividends**, and strong **sales & earnings**. With the announcement of better than estimated **Q1 earnings** and upgrades to their rating, the future for TPR looks promising.
Tapestry TPR News Analytics from Wed, 14 Aug 2024 07:00:00 GMT to Sat, 23 Nov 2024 18:01:20 GMT -
Rating 7
- Innovation 3
- Information 9
- Rumor -6
