Tapestry Inc. (TPR) has recently experienced considerable market activity, drawing significant interest from various investors. The likes of
Keystone Investors PTE Ltd.,
Mizuho Securities USA LLC, and
WINTON GROUP Ltd have all bolstered their positions in the company. Other notable stakeholders include
Vanguard Group Inc. with an impressive $1.86 Billion position, notwithstanding major sell-offs from
American Century Companies Inc. and
Blueshift Asset Management LLC. Tapestry's performance analysis indicates it is outperforming other retail-wholesale stocks and exudes a promising long-term value. The luxury goods company has made significant strides, selling the Stuart Weitzman Brand to Caleres for $105M, further elevating its luxury empire. This move coincides with robust sales of its Coach products. Announcements of a
$2.0 Billion Accelerated Share Repurchase Program and termination of its merger agreement with Capri Holdings Limited reflect Tapestry's strategic decisions. Impressively, Tapestry's Q2 earnings beat estimates, backed by upbeat forecasts, reinforcing its robust financial health. In conclusion, with a bullish future outlook and strong institutional backing, Tapestry remains an alluring investment proposition.
Tapestry TPR News Analytics from Wed, 14 Aug 2024 07:00:00 GMT to Sat, 29 Mar 2025 19:14:37 GMT -
Rating 8
- Innovation -5
- Information 6
- Rumor -2
