Tapestry (TPR), a leading luxury-brand retailer, has recently been outperforming a considerable number of its retail-wholesale counterparts. A key factor can be attributed to it being a
Viable Long-Term Investment, particularly influenced by several financial institutions' bullish action on the stock, including Xponance Inc and Primecap Management Co., which decreased their stake. However, Harvest Fund Management Co and Proficio Capital Partners LLC, among others, increased their holdings. Its
stock price target was raised to $78 from $75 at Argus, indicating increased confidence in its growth trajectory. Despite some naysay due to a 'Zeitgeist' shift, experts have argued that Tapestry's solid execution strategy ensures robust growth prospects. Highlighting these optimisms, its
shares witnessed a significant increase following Tapestry's decision to sell Stuart Weitzman Brand to Caleres and through surging sales of Coach products. Further, Tapestry ended its merger agreement with Capri Holdings Limited and launched a massive $2B share buyback program.
The Q2 2025 earnings report, along with an increase in Tapestry's full-year outlook, underpins the company's strong performance. The fiscal 2025 Q2 earnings call, optimistically predicted by various Hedge Funds, holds promising outcomes with massive institutional backing, evidenced by an overwhelming 89% ownership.
Tapestry TPR News Analytics from Wed, 14 Aug 2024 07:00:00 GMT to Sat, 22 Mar 2025 10:09:30 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 2
