The financial information surrounding Tapestry (TPR) points to a series of significant developments. Experts predict that TPR may once again beat estimates in its forthcoming earnings report. Several investment and wealth management firms have purchased considerable shares in TPR, including Legacy Wealth Asset Management, Retireful, and Wedmont Private Capital, indicating strong market support. A highlight involves agreements for a $2.0 billion accelerated share repurchase program. The termination of a merger agreement with Capri Holdings Limited adds a layer of complexity for TPR. Still, the stock is trading up and it has been identified as a top luxury stock by several hedge funds.
Anticipation builds as Wall Street expects growth in TPR's earnings. A favourable spotlight shines on TPR's international revenue and Coach rebranding. A new price target at $70.00 is given by UBS Group. Competitors are keenly watching as the US tries to stop the Tapestry-Capri merger.
TPR has been working on restructuring its debt, securing a $1.5B bond offering. It has also been making a mark in ESG progress, cutting 84% Emissions as proved by its latest sustainability report. Finally, the company's CEO compensation, dividend announcements and increased outlook due to the success of the Coach brand are discussed.
Tapestry TPR News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Sat, 18 Jan 2025 13:49:48 GMT - Rating 6 - Innovation 3 - Information 9 - Rumor 2
