Tapestry Inc (TPR) has been demonstrating robust financial performance, with consistent earnings growth and effective debt management. Its stock value has significantly appreciated, rendering excellent returns for its investors. Several large investors, including
Evercore Wealth Management LLC, Farringdon Capital Ltd, and
Raymond James Financial Inc, recently acquired new stakes in the company. Meanwhile, shares were also sold by
Capital Research Global Investors, Dimensional Fund Advisors LP, among others. Tapestry's recent performance has led to upgrades and strong recommendations from market analysts. Despite experiencing a collapse in holiday sales following a failed merger deal, the company swiftly recovered as its Coach brand's sales soared. The company announced a termination of its merger agreement with
Capri Holdings Limited and sold its Stuart Weitzman brand to
Caleres. In recovery, Tapestry unveiled a $2 billion share buyback plan and closed a $1.5 billion senior unsecured notes offering. The future seems promising for Tapestry, with its successful Coach rebranding and an upbeat forecast. However, market experts caution investors to monitor the company's international revenue trends and the impact of the failed Capri deal.
Tapestry TPR News Analytics from Tue, 22 Oct 2024 07:00:00 GMT to Sat, 26 Apr 2025 11:13:23 GMT -
Rating 7
- Innovation 4
- Information 9
- Rumor -2
