Tapestry Inc. (TPR) continues to impress, mirroring its top performance as an S&P 500 stock. Remarkable
Q3 estimates and improved outlook, despite a challenging backdrop, likely prompted TD Cowen to raise its rating and price target. The company's successful acquisition of Gen-Z customers is a critical factor in the resurgence of its stock, further driven by
Milennial support. The fashion titan's major brands,
Coach, is seeing strong momentum, especially in their footwear category, soon to be strategically focused for further growth. As the company continues to raise its full year outlook, its
strong Q1 results have surprised investors, resulting in substantial stock surge. Internationally, Tapestry is showing reliance, laying groundwork for further upside. Of note is the definitive agreement to sell the
Stuart Weitzman brand to
Caleres. This strategic action could bring a fresh perspective that could help maintain Tapestry's upswing. However, not all are optimistic, as evidenced by news of insider sale of shares. Despite this, the company's value and growth stock status remain strong.
Tapestry TPR News Analytics from Fri, 25 Oct 2024 07:00:00 GMT to Sat, 14 Jun 2025 07:18:34 GMT -
Rating 8
- Innovation 2
- Information 8
- Rumor 5
