Tapestry, Inc. (TPR) has seen significant action both in the market and within its company structure. Fmr LLC reduced its shares in TPR, causing a 11% surge in its stocks, with Zacks.com highlighting this movement, followed by insiders selling US$7.8m worth of shares. Moving away from these developments, Tapestry stands robust amid market uncertainties and was upgraded to a strong buy rating. The company also reported promising fiscal 2025 second quarter results with a raised full-year outlook. Tapestry's strong value stock status coupled with several firms and advisors increasing their stock positions have steered the company towards favorable growth. However, Showered with multiple ratings and hovering scepticism regarding its market performance, Tapestry made a significant move by selling the Stuart Weitzman Brand to Caleres for $105M. This sale aimed at transforming Tapestry's luxury empire, which was well-received, with soaring sales of Coach products causing its shares to spike 12% and a $2.0 Billion accelerated share repurchase program. Despite failing to merge with Capri Holdings Limited, TPR's unleashed potential promises future growth.
Tapestry TPR News Analytics from Wed, 14 Aug 2024 07:00:00 GMT to Sun, 13 Apr 2025 01:39:00 GMT -
Rating 2
- Innovation 1
- Information 2
- Rumor -2
