Tapestry, Inc (NYSE:TPR) is seeing significant activity in the market, with several financial bodies tweaking their respective positions in the company. Entities such as Oppenheimer Asset Management Inc., Principal Financial Group Inc., and TCW Group Inc. have increased their stock positions, while Truist Financial Corp and South Dakota Investment Council have reduced theirs. The sale of the Stuart Weitzman brand to Caleres is a highlight in the company's recent moves. Concurrently, the company's management has also been performing notable stock transactions. The company's shares decreased according to StockNews.com while Jim Cramer remains optimistic regarding the state of the company. Tapestry's recent financial performance, including growth in their Q2 results and a positive full-year outlook, played a part in the increased rating by Redburn Atlantic, prompting them to raise their price target for the stock. Investors are also surveying the company's international revenue trends. Despite the recent termination of the merger agreement with Capri Holdings Limited, Tapestry has announced agreements for a $2.0 billion accelerated share repurchase program, marking a substantial move in their share activity.
Tapestry TPR News Analytics from Thu, 24 Oct 2024 07:00:00 GMT to Sat, 01 Mar 2025 21:41:06 GMT -
Innovation 6
- Information 8
- Rumor 3
