The New York-based luxury fashion company, Tapestry, Inc. (TPR), has been the subject of vibrant activity and analyses in the recent period, mostly with a positive sentiment. Insiders and short sellers have reportedly offloaded a substantial amount of shares. Yet, in contrast, large entities like Gilder Gagnon Howe & Co. LLC, Oxford Asset Management LLP, and Evercore Wealth Management LLC have acquired thousands of Tapestry's shares. Feeling the pinch of economic concerns, Wells Fargo decreased the target price for TPR. Yet several analysts predict a robust growth potential for the company, expecting its earnings to grow, and seeing it as a strong growth stock.
Despite some shares being sold by significant entities like Voya Investment Management LLC, numerous others like Boothbay Fund Management LLC and Comerica Bank have increased their positions in Tapestry. In recent years, Tapestry investors have enjoyed a fantastic return of 422%. Interestingly, a record high was noted following soaring sales of its Coach products. TPR terminated its merger agreement with Capri Holdings Limited but decided to sell the Stuart Weitzman brand to Caleres. Tapestry is set to launch a $2.0 billion accelerated share repurchase program. An investment into Tapestry, as seen by its recent performance, seems quite promising.
Tapestry TPR News Analytics from Thu, 24 Oct 2024 07:00:00 GMT to Sat, 03 May 2025 21:24:30 GMT - Rating 4 - Innovation 5 - Information 8 - Rumor -2
