The diversified Swiss fund management company GAM Holding AG has divested 8,400 shares of Tapestry, while North Growth Management shed 84,000 Tapestry shares. Investment firms QRG Capital Management and Inscription Capital have boosted their holdings in Tapestry. TD Cowen and Argus have raised their price targets for Tapestry, anticipating strong price appreciation. The sales growth in Tapestry is prominently driven by Coach brand and new customer acquisition, notably from Gen Z and millennials, prompting a positive shift in stock performance. According to reports, the company has delivered strong results and raised its full-year outlook for Fiscal 2025. Strong sales of Coach products have been a critical contributor to buoyant earnings. The company's announcement of a dividend of $0.35 per share sends the stock surging by 20%. Tapestry saw immense growth with shares soaring significantly as holiday sales escalated following a merger collapse. The future for Tapestry looks promising with a dividend payout of $0.35 and stronger performance foreseen in the following earnings reports. Tapestry has entered into a definitive agreement to sell the Stuart Weitzman brand to Caleres. Despite the backdrop of a merger termination with Capri Holdings Limited and some insiders dumping stocks, the company remains resilient with encouraging ESG stock ratings among hedge funds.
Tapestry TPR News Analytics from Thu, 07 Nov 2024 08:00:00 GMT to Sat, 21 Jun 2025 12:38:44 GMT - Rating 8 - Innovation 3 - Information 7 - Rumor -2
