Tapestry (TPR) has experienced various investment activities recently, with multiple firms buying and selling stocks, indicative of a busy trading period. Notably, the company exceeded both earnings and revenue estimates for Q2, prompting predictions of a rising stock price from several analysts. Tapestry has also made significant progress in terms of growth and value, with experts suggesting it outpaces other retail stocks. Its strong earnings quality is being attributed as a draw for investors. The company recently raised its full-year outlook, and other reports suggest that it has seen strong sales, specifically citing its Coach brand products. A substantial $2.0 billion accelerated share repurchase program has also been announced. Despite plans for a merger agreement with Capri Holdings Limited being terminated, Tapestry's stock has been shown to rebound. The company's fiscal Q2 results were positive, showing better-than-expected sales. Plans for a 100% cash flow return and a $2 billion share buyback program have also been announced, indicating ambitious plans for growth.
Tapestry TPR News Analytics from Thu, 24 Oct 2024 07:00:00 GMT to Sat, 15 Feb 2025 08:31:43 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -4
