Raymond James Financial Inc. has invested $38.18 million in
Tapestry, Inc. (TPR), making the company a strong growth stock. Major investments also include $18.74 million from Pzena Investment Management LLC, $1.16 million from King Luther Capital Management Corp, and a new stake in Tapestry from NINE MASTS CAPITAL Ltd.
Tapestry's shares have surged due to optimistic performance indicators; trading above 100 and 200-Day SMAs, soaring holiday sales, decision to sell the Stuart Weitzman brand, strong quarterly performance, increased dividends, and announcement of a $2.0 billion accelerated share repurchase program.
Tapestry also issued statements on important legal rulings and lowered their stake in Capri Holdings following proposal termination.
Sale of Tapestry shares have been reported by multiple entities while others like Generali investments, Victory Capital Management, and Charles Schwab Investment Management Inc. have increased their stock holdings.
Insights from various experts, including from Jim Cramer, show a steady market confidence in Tapestry's growth, with its stock labelled as strong buy by analysts. Tapestry's Q2 earnings beat estimates and they successfully completed a $1.5 billion Senior Unsecured Notes Offering.
Tapestry TPR News Analytics from Wed, 14 Aug 2024 07:00:00 GMT to Sun, 16 Mar 2025 00:36:14 GMT -
Rating 7
- Innovation -1
- Information 8
- Rumor -2
