Tapestry, Inc. (TPR), renowned for high yield dividends, is experiencing a bullish trend powered by strong momentum of its Coach brand. A $100 investment in TPR five years ago has significantly increased in value. The investment community has shown fluctuating interest, with some asset managers reinforcing their TPR stakes while others have scaled back. An overall decrease in TPR's trading volume is reported, raising concerns of overvaluation. WCM Investment Management LLC increased their position by purchasing an additional 533,734 shares in Tapestry while Illinois Municipal Retirement Fund trimmed its holdings. TPR has been included in the
Russell Midcap Growth Index signifying its market relevance. TPR has demonstrated positive growth, driven by strategy shifts, analyst optimism, and acquisitions among Gen Z customers. Investments in TPR continue, with Lecap Asset Management Ltd. acquiring shares. TPR's inclusion in high options volume indicates investor interest and strong Q3 results have raised its full year outlook. However, a significant sale of shares by a Coach executive was reported and a cautious sentiment is reflected in Jim Cramer's comment. TPR continues performing well in the S&P 500 and is expected to beat analyst estimates for next year. To the delight of stakeholders, the CEO of Coach, a TPR subsidiary sold some shares while TPR shares soared, with demand for Tabby bags driving an upbeat forecast.
Tapestry TPR News Analytics from Thu, 07 Nov 2024 08:00:00 GMT to Sat, 05 Jul 2025 08:41:47 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -2
