Bernstein reaffirms its
buy rating for Tapestry (TPR) as the
Coach brand continues to gain momentum. The investor position in Tapestry, Inc. has been reduced by Decker Retirement Planning Inc., but simultaneously increased by Lecap Asset Management Ltd. Some suggest that Tapestry's subdued P/E might present an investment opportunity. A key factor for Tapestry's stock gain is attributed to the
successful Gen Z customer acquisition. The company also successfully raised its full year outlook after reporting favourable results for fiscal 2025's second and third quarter. Despite some insider and short seller activity, reputable advisory firms have shown faith in TPR by making substantial investments. Additionally, the company announced a
dividend of US$0.35 per share boosting the stock by 20%. The retail company's growth is largely driven by strong Coach sales and new customer acquisition. A recent agreement to sell the
Stuart Weitzman brand to Caleres split investor opinions. The stock's
strong growth, value and bullish trend is attracting a spectrum of investors. However, Jim Cramer warns that the stock might drop in the current market environment.
Tapestry TPR News Analytics from Thu, 24 Oct 2024 07:00:00 GMT to Sat, 28 Jun 2025 11:58:06 GMT -
Rating 7
- Innovation -5
- Information 5
- Rumor -4
