Tapestry, Inc, a multinational luxury fashion holding company, has reported optimistic results for its fiscal 2025 third quarter. It has also lifted its full year outlook due to strong performances particularly in the Coach entity. The solid financial positioning of the company has seen a number of investors and equity firms increase their stake in Tapestry, with companies like C Partners Holding GmbH, Bridgefront Capital LLC, Caxton Associates LP, and Algert Global LLC boosting their positions.
Financial analysts from renowned institutions, such as UBS, Citigroup, BMO Capital, Goldman Sachs and Raymond James, have revised and increased the price target for Tapestry's stock. The company's strong performance and appealing growth potential has enticed Morgan Stanley to upgrade Tapestry's stock from equal weight to overweight.
Tapestry's sales are propelled by a thriving demand for Coach handbags, prompting it to raise its earnings guidance for fiscal year 2025. Nonetheless, amidst the positive reports, some insiders and short sellers have been reported to dump significant portions of their Tapestry stocks.
Tapestry TPR News Analytics from Thu, 07 Nov 2024 08:00:00 GMT to Sat, 10 May 2025 21:43:56 GMT - Rating 9 - Innovation 2 - Information 8 - Rumor 7
