Tapestry Inc., the parent company of popular brands like Coach and Kate Spade, have made several important announcements. The **$2.0 Billion Accelerated Share Repurchase Program** will boost shareholder returns and the confidence of investors. In spite of terminating the merger agreement with Capri Holdings, Tapestry's stock position has skyrocketed, reaching a new 1-year high. Key financial institutions have continued to adjust their position in Tapestry, demonstrating market confidence. Further, Tapestry has been successful in securing a massive $1.5 billion in senior unsecured notes offering, displaying solid financial capabilities. Analysts are bullish on Tapestry as the company consistently beats earnings estimates and Wall Street expects sound earnings growth. The termination of the $8.5 Billion Capri merger has not declined Tapestry's investment appeal; instead, the company has unveiled a $2 Billion share buyback plan. The company's commitment toward sustainability has been showcased in its latest Corporate Responsibility Report, offering a promising ESG outlook. Overall, the news indicates a positive future for Tapestry.
Tapestry TPR News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Sat, 01 Feb 2025 09:34:43 GMT -
